High Value and Luxury Assets
Request a callback
Couture clothing is one of the most accessible ways individuals can obtain a luxury item. A Chanel handbag or an Armani suit; these classic items never date and are a wonderful investment for any wardrobe.
If you are a retailer or a private individual wishing to purchase or sell couture clothing, there are a couple of legal restrictions that you need to be aware of. At Saracens Solicitors, we understand these requirements fully and can work to ensure you comply with them.
Whether you are buying or selling couture clothing, the number one requirement you will have is that the item is authentic. With many items retailing tens of thousands of pounds, the last thing you want as a retailer or a purchaser is to find out an item you are in possession of is a fake. Designers are also keen to end the trade in counterfeit goods, which is now estimated to consist of 7% of the world’s trade.
There are a number of ways you can exercise due diligence when purchasing couture to ensure its authenticity. These include:
The Silhouette ruling refers to the decision of, Silhouette v Hartlauer (European Court of Justice, C-355/96, 16 July 1998). This ruling goes into detail as to what is permitted / forbidden to be sold as designer goods outside the European Union and provides guidance on invoicing.
Our commercial solicitors can advise you on all aspects of purchasing, distributing and selling couture clothing whether it is from the latest collections or pre-loved. If you are a start-up retailer looking to sell couture or vintage clothing, we can advise you on all aspects of starting your business venture.
To make an appointment contact our London office on 020 3588 3500 or request a callback and
we will be in touch with you at the earliest opportunity.
Handbags and Investment We are all familiar with investing in art, bonds and stock, but it may come as a shock to know that over the past decade the value of the most sought-after luxury handbags has risen by an average of 8 % a year matching the annualised returns of the FTSE. So what should you look for when buying a handbag as an investment piece? Which brands are currently delivering the best returns? Three handbags that will make you money The top three handbags that are likely to provide you a with return on your investment (and have you looking fabulous at the same time) are: Hermes Birkin […]Read more
Buying luxury timepieces to sell it for a profit at some point in the future is undoubtedly a smart investment. And fortunately, the demand for high-end watches has never been greater. In 2016, Britain was the eighth largest market worldwide for luxury watches. Since 2010, the value of Swiss watch exports sent to the UK has almost doubled, from SFr596m to SFr1.06bn ($1.06bn), sending the country ahead of previously stronger regions such as Singapore, Russia, and the Middle East. However, forgeries are unfortunately all too common, so it is crucial to invest in legal advice and undertake thorough due diligence before investing thousands of pounds. The history of the watch […]Read more
Provenance, rarity and originality, these are the holy trinity for anyone purchasing a classic car. Good judgement and research also pays off. This is a market that is booming after leaping 17% in 2015, more than any other luxury asset such as watches, art and stamps. Earlier this year, a Ferrari 250 GTO was on sale in the UK for the asking price of a whopping £52 million. The current picture of the classic car market There was a sense at the beginning of 2016 that the classic car market was slowing down due to a drop in sales and cars selling for less than expected sums in auction halls […]Read more