Bordieu distinguishes three fundamental forms of capital: economic, cultural and social, all of which are essential for fashion, which, is, however predominantly reduced to its economic dimension. As a result, the process of fashion is sidelined. Yet, when we buy a garment, we pay hundreds of people involved in global production processes. While the final retail price and its current shares devalue both, creative labour and the cost of nature, we still support and invest in existing and future supply chains. I would argue that fashion is one of the most unsustainable industries because of our disordered perception of fashion as product, because of the way it is discursively constructed as a commodity and how that affects our relationship with our garments.
Resale creates a secondary market which both extends the lifespan of an object and re-appropriates its value.
The reseller, art dealer, or auctioneer receives the full amount paid for the object regardless of its difference to the initial amount paid.
The status, however, which is created by the artist and includes its unalienable marketable attributes as a commodity, remains the artist's (conceptually).
Its status value and its market value are two different components. The seller hopes to leverage its status value to create higher market value based on the object status values of desirability, uniqueness, and quality.
Artists are vulnerable to the exploitations of secondary market dealers who purchase work from the artist at a low price in order to create profit for themselves. Artists also frequently undersell themselves.