As tariffs hit luxury imports, expect the resale market — for Ferraris, watches, wine and more — to boom

New York Post - Apr 4th, 2025
Open on New York Post

As new tariffs impose extra taxes on high-end imports such as Patek Philippes and Porsches, the luxury resale market is poised for a significant surge. With collectors eager to capitalize on premium prices, items like used Ferraris, secondhand watches, and vintage wines are expected to see a spike in value as shoppers scramble to avoid the tariff impact. A source managing vintage car storage reports increasing interest from clients looking to sell part of their collections, highlighting the appeal of tariff-free vintage cars, which also bypass current supply chain issues affecting new vehicles. Meanwhile, wine resellers like Josh Cohen are seeing both existing and new clients keen to sell premium bottles, anticipating a robust market for luxury goods.

The broader economic context includes a stock market downturn following the tariff announcements, positioning luxury goods as reliable liquid assets. BMO Capital Markets analyst Simeon Siegel points out that luxury resale offers a pre-existing cost advantage, appealing to buyers despite the premium prices. However, the outlook is less favorable for certain luxury items, such as yachts, where European manufacturing and significant tariff increases dampen the market for new boats, and second-hand alternatives lack appeal. The story underscores the shifting dynamics in the luxury market, where resale offers both opportunities and challenges amid economic and geopolitical changes.

Story submitted by Fairstory

RATING

5.2
Moderately Fair
Read with skepticism

The article provides an interesting take on how tariffs might influence the luxury resale market, offering insights into potential market shifts. However, it falls short in providing detailed evidence and authoritative sources to substantiate its claims. The focus on anecdotal evidence from a limited number of sources affects its credibility and balance, as it lacks diverse perspectives and comprehensive analysis.

While the article is timely and addresses a relevant economic issue, its impact and engagement potential are limited to those with a specific interest in luxury goods or economic policy. The readability is good, with clear language and structure, but the lack of depth in context and explanation affects overall clarity.

In summary, the article presents a plausible scenario but requires more robust evidence and diverse viewpoints to enhance its accuracy, balance, and impact. It serves as a starting point for discussions about tariffs and luxury markets but would benefit from deeper analysis and broader context.

RATING DETAILS

6
Accuracy

The article claims that tariffs on high-end imports, such as Patek Philippes and Porsches, will lead to a boom in the luxury resale market. While it is plausible that tariffs could affect luxury goods, the article lacks specific data or sources to confirm the extent of these tariffs and their direct impact on resale markets. For instance, the claim that prices for used Ferraris and secondhand watches will soar needs verification through market analysis or expert opinions.

The story also mentions that vintage cars are attractive due to being tariff-free and free from supply chain issues. This claim is speculative without supporting evidence comparing the supply chain dynamics of new versus vintage cars. Additionally, the assertion that luxury goods are reliable liquid assets amid stock market volatility is presented as fact but requires financial data or expert analysis to substantiate.

Overall, while the article presents a plausible scenario, it lacks concrete evidence and specific data to fully support its claims, resulting in a moderate accuracy score.

5
Balance

The article primarily presents the perspective that tariffs will benefit the luxury resale market and briefly touches on the negative impact on new yacht sales. However, it lacks a comprehensive exploration of differing viewpoints or potential downsides of the situation.

For example, it does not consider the perspective of consumers who may be negatively affected by rising prices or those who might oppose tariffs. Additionally, the article could benefit from including viewpoints from economists or industry experts who might offer alternative analyses of the situation.

The narrative leans towards highlighting the benefits for luxury item sellers without equally addressing the broader economic implications or potential drawbacks for other stakeholders, leading to a moderate balance score.

6
Clarity

The article is generally clear in its language and structure, making it relatively easy to follow. It presents its main claims and supporting quotes in a straightforward manner. However, the lack of detailed evidence and context can lead to some confusion about the basis for the claims made.

For instance, while the article mentions tariffs and their impact, it does not clearly outline which specific tariffs are being discussed or provide a comprehensive overview of the situation. This lack of detail can obscure the reader's understanding of the full picture.

Overall, while the article is readable, the lack of depth in explanation and context affects its overall clarity.

4
Source quality

The article references a few sources, such as a vintage car storage provider and Josh Cohen from Flatiron Wine, but lacks comprehensive attribution to authoritative sources or experts in the field of economics or trade. These sources provide anecdotal evidence rather than robust data or expert analysis.

The mention of BMO Capital Markets analyst Simeon Siegel adds some credibility, but the article could be strengthened by including more diverse and authoritative sources, such as economists, trade experts, or industry analysts, to provide a well-rounded perspective.

Overall, the reliance on limited and anecdotal sources affects the credibility and reliability of the information presented, resulting in a lower source quality score.

5
Transparency

The article lacks transparency in explaining the basis for its claims and the methodology behind its assertions. It does not specify how the tariffs were determined or provide detailed evidence to support the projected impact on the luxury resale market.

While the article includes quotes from individuals in relevant industries, it does not disclose any potential conflicts of interest or provide context on how these sources were selected. Additionally, there is no clear explanation of the broader economic context or the specific tariffs being imposed.

The lack of detailed context and methodology reduces the transparency of the article, resulting in a moderate score in this dimension.

Sources

  1. https://www.thebusinessresearchcompany.com/report/luxury-resale-global-market-report
  2. http://acecomments.mu.nu/?post=371194http%3A%2F%2Facecomments.mu.nu%2F%3Fpost%3D371194
  3. https://www.pursebop.com/how-high-will-trump-tariffs-spike-prices-of-luxury-handbags/
  4. https://fashionunited.com/news/fashion/the-outlook-for-the-luxury-market-in-2025/2024122063641
  5. https://www.fashiondive.com/news/thredup-2025-resale-report-tariffs-fast-fashion/743091/