**Buying from Fashionphile** shopping experiences/questions

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#5,131
HeartHermes said:
I've always wondered this, too. I think some of the "new" bags they list are bags that were purchased on impulse and then the buyer has buyer's remorse. Also, FP may have employees who regularly stalk the LV site (and other sites) throughout the day to snag items the second they pop up, then list the item for a profit since it's so impossible to find. I've purchased a couple of older bags (2-3 years old) from them that were listed in "Excellent" condition and they looked new when they arrived. Not sure if the previous owner just rarely carried them or why they were in such pristine condition.
If there's an item you dearly want at the LV website, make a direct link to it on your taskbar or phone and check it frequently throughout the day. Occasionally they get a return or list an item and you may catch it. I've had that happen with a few items on their site and when I checked afterward, it was showing sold out again, so they literally had only listed one item and I was able to catch it.
BTW, I wouldn't worry about the item you have on reserve. I've found that they normally underestimate the condition of an item so if it was listed in New condition, it really should be. Also, I was told recently by a Fashionphile Representative (when I was considering putting a bag on reserve) that if you have an item on reserve and it later turns out that it wasn't in the condition described in their ad, they will allow a return.
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Thank you for your reply. The item I have on reserve is "new". That's what worries me, lol. I bought the toiletry 15 and 19 just 3 months ago from the New Jersey LV boutique. My SA said they come in from time to time so they are not discontinued. You're right, never stop checking:)
 
#5,132
Cocobeans12 said:
I Buy all of my LV from the LV boutique in NM but NM never has displays of LV. I also know my LV store will never look at a bag that's brought in. They said they are not allowed. I actually bought a Chloe Pixie from TJmaxx for half price and decided I didnt want it and sold it to FP for $700 so I got my money back, but only because I bought it half price. LV never goes on sale. Where would FP get these "new" LVs from? That worries me. How did you verify it was authentic?
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I think they have team of authenticators that they work with. Anyway, after you receive your bag, I recommend authenticate4u.com to double authenticate. They are not super fast, sometimes it takes much longer to hear from them, but extremely the best at what they do. Just get in touch with them through Facebook. I am not affiliated with them.
 
#5,134
Coach Superfan said:
Curious- Does anyone know how you would file taxes with this calculation?
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“Effective next year, sellers on certain online platforms like Etsy and eBay will receive a 1099-K if their sales are at least $600, down from 2021 threshold of $20,000 with a minimum of 200 transactions.”
My wild guess you have to make notes when you sell. You will provide the form and your notes to your tax specialist. You estimate the full price of the bags or items you sold. If I understand right, as long as you didn’t make profit, you don’t have to pay. Many people don’t have receipts anymore, so it kind of hard…
I am not sure how it is handled exactly, but I know for fact that so many people don’t make money on their bags, selling just half price. I have read all the info available online and pretty sure, that we would not have to pay any tax in this case (I hope)
Some people make it as a business, selling luxury items double or triple the price. They would have to pay, after they deduct the expenses etc
 
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#5,135
Mrsassi said:
“Effective next year, sellers on certain online platforms like Etsy and eBay will receive a 1099-K if their sales are at least $600, down from 2021 threshold of $20,000 with a minimum of 200 transactions.”
My wild guess you have to make notes when you sell. You will provide the form and your notes to your tax specialist. You estimate the full price of the bags or items you sold. If I understand right, as long as you didn’t make profit, you don’t have to pay. Many people don’t have receipts anymore, so it kind of hard…
I am not sure how it is handled exactly, but I know for fact that so many people don’t make money on their bags, selling just half price. I have read all the info available online and pretty sure, that we would not have to pay any tax in this case (I hope)
Some people make it as a business, selling luxury items double or triple the price. They would have to pay, after they deduct the expenses etc
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Good to know this might be an option since i have so many Marc Jacobs bags just sitting around that I can't sell anywhere near what I paid. I'm sure if I point this out to our cpa she can figure this out. It will help cushion the loss I'd be taking :doh:
 
#5,137
Mrsassi said:
“Effective next year, sellers on certain online platforms like Etsy and eBay will receive a 1099-K if their sales are at least $600, down from 2021 threshold of $20,000 with a minimum of 200 transactions.”
My wild guess you have to make notes when you sell. You will provide the form and your notes to your tax specialist. You estimate the full price of the bags or items you sold. If I understand right, as long as you didn’t make profit, you don’t have to pay. Many people don’t have receipts anymore, so it kind of hard…
I am not sure how it is handled exactly, but I know for fact that so many people don’t make money on their bags, selling just half price. I have read all the info available online and pretty sure, that we would not have to pay any tax in this case (I hope)
Some people make it as a business, selling luxury items double or triple the price. They would have to pay, after they deduct the expenses etc
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I have gotten in the habit of taking a photo of a new bag, and a photo of the receipt. Put in electronic file. Even if you keep the original receipt, it might fade (Hermes receipts do over years). Best to have both. I keep for insurance purposes.
 
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#5,138
Would be interesting to see how’s the reselling market look like this year, some resellers probably will not be selling, I just don’t know the percentage, you may not like resellers because some of them markup prices to make profit, but without resellers or if there is not much gain to buy and sell, why would they take the risk to buy? Without active buying and selling activities, the market is going to slow down, sellers selling their own goods without making profits in mind may still have to lower their selling prices further and sit longer in order to sell.

I guess the government just desperate, every one of them not just US government. I hope they could use the money collected from tax wisely and make the society better.
 
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#5,139
onlyk said:
Would be interesting to see how’s the reselling market look like this year, some resellers probably will not be selling, I just don’t know the percentage, you may not like resellers because some of them markup prices to make profit, but without resellers or if there is not much gain to buy and sell, why would they take the risk to buy? Without active buying and selling activities, the market is going to slow down, sellers selling their own goods without making profits in mind may still have to lower their selling prices further and sit longer in order to sell.

I guess the government just desperate, every one of them not just US government. I hope they could use the money collected from tax wisely and make the society better.
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It's all about supply and demand. If no one will pay a ridiculous price, the price will eventually go down. If no one is buying because they can't resell, prices will go down. I'm just curious if any of the resellers like Fashionphile or Yoogiscloset have started to ask for social security numbers yet. Seems like it'll be hard to issue a 1099 without one.
 
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#5,140
Four Tails said:
Fashionphile may have lost me as a seller with this last round of offers. I submitted a black Chanel patent leather WOC and they offered $850. Comparable models on their site right now are priced $2300. Out of curiosity, I also submitted a BNIB Hermes Evelyne III PM clemence in rouge grenat. They offered $2300. Nope. Not when a third of their Clemence Evelyne III PM inventory are currently listed over $4000. That offer is not even close to 70% of where they would list it.
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Late to this thread, but that's just insulting. I submitted a good condition Lindy for a quote and they only quoted me $2K. Ugh.
 
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#5,142
Hi. This is my first experience with Fashionphile so I'm hoping for some help. They gave me a buyout quote for a VCA pendant. When I ship via UPS do I pay to insure the item or does their UPS label include insurance? When I send my receipt, should I redact my name and address? Thanks for the help!
 
#5,143
MyDogTink said:
Hi. This is my first experience with Fashionphile so I'm hoping for some help. They gave me a buyout quote for a VCA pendant. When I ship via UPS do I pay to insure the item or does their UPS label include insurance? When I send my receipt, should I redact my name and address? Thanks for the help!
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Their label covers insurance.
Can't say about the receipt as I would never include it

just know this about pre-paid labels. You have no control of the process if anything goes wrong.
 
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#5,144
poopsie said:
Their label covers insurance.
Can't say about the receipt as I would never include it

just know this about pre-paid labels. You have no control of the process if anything goes wrong.
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Make sure you take photos of how you packed and of the sealed package with the label before you ship. Then you’ll have photographic evidence if anything happens. Also take to a drop off location and get a receipt!
 
#5,145
MyDogTink said:
Hi. This is my first experience with Fashionphile so I'm hoping for some help. They gave me a buyout quote for a VCA pendant. When I ship via UPS do I pay to insure the item or does their UPS label include insurance? When I send my receipt, should I redact my name and address? Thanks for the help!
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Hello there. I would take a video of shipping process as well if it is an expensive item. Drop it off to UPS yourself to have a receipt. Normally, when they receive it, you will get an email from them. In a 3-4 business days you will get paid, depending on the method you choose. Store credit and PayPal are the fastest. Bank deposit + few more days. HIH
 
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