Image: Ikea

1. The Mystery of the $2,000 Ikea Shopping Bag: We tend to think of status symbols starting at the top tiers of society (among the glitterati and trend setters of high society) and then trickling down to the rest of society. But a new trend seems to contradict this pattern. – Read More on HBR

2. How the resale revolution is reshaping fashion: We’re buying more clothes than ever, but it’s not all fast fashion. More than half of 25- to 34-year-olds buy secondhand or vintage clothes, and resale apps such as Depop, Stock X and Vestiaire Collective are tapping into the millennial and generation Z market. But if people are buying secondhand they’re not buying new. – See More on the Guardian

3. How Rolex Became its Own Currency: In January, Rolex quietly raised the prices of their timepieces between 3-6%. The brand produces more individual pieces per year than any other Swiss watch manufacturer (800,000+ as of 2016, with more recent numbers hard to confirm, as Rolex is highly secretive), but carefully controls the supply of their most popular steel models. – Read More on SSENSE

4. Fashionphile Is Turning Luxury Authentication Into a Science: There’s a device that can precisely identify Pantone shades, which is especially useful in authenticating Hermès; equipment that can detect lab-grown diamonds, which can sometimes (but not always!) signal counterfeit jewelry; a machine that can X-ray a bag to reveal the hardware within — another giveaway in particularly well-done fakes. – Read More on Fashionista

5. Sustainable, Slow Fashion Startup ADAY Raises $8.5 Million To Simplify Your Wardrobe: “A lot of VCs are scared or nervous about investing in fashion because it’s capital intensive and super crowded. We’re bombarded with new brands launching on Instagram all the time … What we liked about ADAY is that they genuinely have a cult-like following.” – Read More on Forbes