Previously owned or second-hand items are not new in the trading of goods. Most people resort to this option in buying since for them it is more practical than getting a brand new one. Authentic Fendi Peekaboo medium in calf grained leather satchel, medium size silver hardware. In mint condition, no signs of usage. Comes with dustbag, strap, and booklet. But this notion does not apply to all products. There are pieces of stuff that require high-maintenance but depreciate over time like cars. On the other hand, some goodies maintain their value and do not need extra care since they are honed to constant use, like luxury bags.