By Stephen Nakrosis
Online marketplace eBay Inc. on Wednesday said it was expanding its Authenticity Guarantee service to include luxury handbags.
"There's a handbag bought every 12 seconds on our marketplace, and now we're expanding authentication to deliver an additional layer of trust and confidence for these shoppers and sellers," said Charis Marquez, vice president of Fashion at eBay.
The company said that following a handbag purchase, the seller will ship the item to eBay, where it will be appraised by the company's team of "professionally trained authenticators." Following the assessment, the item will be sent via expedited shipping to the buyer, eBay said.
The service will be offered for handbags selling for $500 and above from 16 brands, including Saint Laurent, Gucci and Balenciaga, eBay said.
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(END) Dow Jones Newswires