Kate Spade items fly off virtual thrift shop shelves after designer's death
Shoppers are rushing to buy Kate Spade items.
In particular, brightly colored handbags.
Kate Spade was found dead in her New York City
apartment on June 5, in an apparent suicide.
Second-hand online retailers said the prices of
used Kate Spade items rose several times over.
Online fashion market Tradesy saw average prices
increase sixfold and purchases increase eightfold,
and a doubling of the supply of Kate Spade
handbags on the day of her death.
Bags that had sold for $50 the previous week
fetched $300 on June 5, in line with new bags.
The 55-year-old designer had built a fashion
empire on the popularity of affordable luxury.