Gen Z and millennials have found a lucrative new hobby thanks to skyrocketing luxury prices: Flipping designer handbags

(Credit: Courtesy of Nica Yusay)

Nica Yusay has three vintage Gucci bags in her closet. One, a 1998 Tom Ford–era bag made entirely of Swarovski crystals that retails for about $15,000, she says she’ll keep forever.

But she’ll likely sell the rest via ShopFashioNica, the website she created for her vintage designer bag resale business that the 30-year-old calls her “pandemic baby.”