What: Fashionphile expanded its footprint with the opening of a 60,000-square-foot authentication center and showroom in the West Chelsea neighborhood of New York City.

Why it is important: The space will allow customers to shop the retailer’s collection of high-end handbags and accessories while getting an inside look into how the authentication process works.

The space also contains a high-security and climate-controlled storage area called “The Cage,” which holds about 15,000 handbags and accessories, including the largest Hermès Birkin bag collection in the world.

Neiman Marcus acquired a minority stake in Fashionphile in 2019 and appeared on Neiman Marcus’ gift list last year. Offering the chance for shoppers take a first-class flight to Fashionphile’s headquarters to buy vintage pieces.

Fashionphile to bring the luxury resale buying and selling experience to New Yorkers