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Most purchased used luxury goods among rich people China 2024, by type

Published by
Xin Ou,
Apr 5, 2024

According to a survey conducted in 2024 among Chinese millionaires, watches and jewelry were the most popular second-hand luxury goods among China's super-rich, with around 33.2 percent of respondents often buying such items. Handbags and accessories were the second most purchased category.

Most popular second-hand luxury goods among Chinese millionaires in China as of 2024, by type

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Release date

March 2024

Region

China

Survey time period

2024

Number of respondents

750 respondents

Special properties

among high net worth individuals with personal assets over ten million yuan

Supplementary notes

The survey was conducted among 750 respondents with personal assets of over ten million yuan.
47 percent of respondents were from tier-1 cities, 53 percent were from new tier-1 and tier-2 cities.
The respondents' average age was 36 years old, and the average household assets of respondents were 45 million yuan. 
The average number of real estate owned by respondents was three, and the average living space was 270 square meters.

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