Image: Sotheby's

1. Italic Brings a Membership Model to Selling Premium Products: The company began nearly two years ago as a $10-a-month club for people who wanted access to lower-priced luxury goods, though it gave customers their first year free. It started with a wait list of 100,000 names and $13 million in funding, according to the company. – Read More on the WSJ

2. A rare pair of Michael Jordan’s sneakers expected to fetch as much $550,000 in auction: “This highly-curated sale marks Christie’s entry into a new collecting category that merges sports’ history, art, fashion, and contemporary lifestyle following the great success of our Hype sale in December 2019.” – Read More on CNBC

3. RETRO READ: Supreme Skate Decks, Nike Sneakers are Small Change in the Auction World, But They Just Might be the Future. Rare sneakers auctions are part of a larger effort by auction houses to remain relevant in the modern market and court the next generation of collectors. “Across the major auction houses, most have plans in place to cultivate a younger demographic.” – Read More on TFL

4. The future of fashion and apparel: Comfortable home clothing and fashionable masks are expected to rise. There is a likely tendency to move away from seasonal fashion (e.g. spring, summer) to an all-year-long comfort wear with a reduction in the number of new SKUs every year (historically at 30-35 percent for the fashion industry). – Read More on Fortune

5. Hard-hit fashion industry is turning to ‘virus-fighting’ fabrics: Diesel, for instance, revealed an ultra-innovative denim treatment that physically “halts” 99% of any viral activity on fabrics. It will implement the ViralOff technology, developed in partnership with Swedish chemicals  company Polygiene across a selection of the brand’s Spring/Summer 2021 denim styles, which will go on sale in mid-January. – Read More on MarketWatch

6. Why used clothing can survive the global health crisis: “New clothes, essentially, can be dirtier than they look and if you buy a new item at a department store, you know that very well could have been tried on multiple times, it could have even been bought and returned, it’s been left on floors or dressing rooms.” – Read More on Retail Dive