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The venue was a former meatpacking plant, transformed for the night into a labyrinth of velvet curtains and dim amber lighting. There was no bouncer, just a heavy steel door that clicked open as she approached.

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This scarcity loop drives insane demand. When a Bottega Veneta cassette bag in a prototype moss green dropped last March, it sold for $4,200—roughly 200% above retail. Within a week, it was being re-listed on The RealReal for $9,000. The venue was a former meatpacking plant, transformed