Fashion re-commerce company Rebag has launched a software that instantly reveal the current resale value of handbags.

Called Clair, the software is described by Rebag as “a comprehensive luxury appraisal index for resale”. It determines the value of any handbag across a database of more than 50 brands and 10,000 bags. It offers consumers an exact and fully automated price that Rebag is currently willing to pay for it.

Consumers can instantly check the value of luxury handbags in three steps: access Clair through the Rebag website or app, select the handbag’s brand, model, style, and size, then tell Clair a bit more about the colour and condition of the piece. The software will instantly generate the handbag’s resale value.

Rebag says Clair was created for everyone, not just those who shop and sell at Rebag as receiving an appraisal from Clair doesn’t lock consumers in to buy or sell through Rebag, but rather open more possibilities.

“Once customers have seen the future of their handbag, they can decide to hold onto the investment for posterity, consign it, sell/trade it in through Rebag or even buy more of them – the options are endless,” said Charles Gorra, Rebag founder and CEO.

“With more and more consumers contemplating the resale value of their luxury purchases, we’ve created a taxonomy that provides a more transparent way for consumers to shop more wisely.”

Founded in 2014 and headquartered in New York, Rebag has attracted backing from venture capital investors including General Catalyst and Novator. It operates mostly online and runs two flagship stores in the US.