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Kate Spade items fly off virtual thrift shop shelves after designer's death

2018-06-09 20:50
Shoppers are rushing to buy Kate Spade items. In particular, brightly colored handbags. Kate Spade was found dead in her New York City apartment on June 5, in an apparent suicide. Second-hand online retailers said the prices of used Kate Spade items rose several times over. Online fashion market Tradesy saw average prices increase sixfold and purchases increase eightfold, and a doubling of the supply of Kate Spade handbags on the day of her death. Bags that had sold for $50 the previous week fetched $300 on June 5, in line with new bags. The 55-year-old designer had built a fashion empire on the popularity of affordable luxury.