CHAT about Balenciaga Finds

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01 Gold Tag Black FBF on Real Deal

It's gorgeous without question. But RDC's pricing is WAY beyond nuts...:stars:
 
There was an article and some interviews a few years back, it was pretty enlightening.
They're obviously rushed to the point of having their brains fried. I also collect Norma Kamali pieces and my daughter and I regularly peruse those listings to laugh at how they put the clothes on the mannequin. They sometimes put bathing suits on backwards, so the chest area is completely bare and the crotch looks like it's wearing a diaper. Or they put both mannequin legs in the same pant leg. I've imagined that they're given something ridiculous like 15 seconds to put clothes on the mannequin and photograph them.
 
Hi everyone! I just wanted to give a heads up that I kind of over-reserved some items and needed to make some cuts…the blackout briefcase is back for sale on FP if anyone is interested :smile:

 
What's missing from the equation is the net additional fees to PM. In the example above, PM makes $0.44 more than it used to. Of course that number is higher when dealing with our Bal purchases.

Pretty obnoxious calling it Buyer Protection Fee for providing the exact same level of protection buyers had before this fee.
 
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Yes. It seems that many of the reselling platforms are moving to a similar structure to entice more sellers. I've noticed no more "selling fees" on Depop, Posh & Vestiaire, but in the end both buyers and sellers take a bigger hit while the companies rake in bigger profits. As secondhand shopping & thrifting interest continues to grow, so do the pockets of the reselling platforms. Just like how prices in thrift stores themselves are outrageous now.
 
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What's missing from the equation is the net additional fees to PM. In the example above, PM makes $0.44 more than it used to. Of course that number is higher when dealing with our Bal purchases.

Pretty obnoxious calling it Buyer Protection Fee for providing the exact same level of protection buyers had before this fee.
I think for more expensive items, the total Poshmark makes is less because the fees are a combination of flat fee and percentage. The percentage is lower than it was before, about 12% total split between buyer and seller. The site puts in the same amount of work for a cheap sale and an expensive one. This structure makes it more expensive on the low end.

As a buyer, you should make an offer that makes you comfortable with the total amount you'll pay. The seller will be more likely to accept a lower offer than in the past because her profit is more.

ETA: If I did the math right, on a $100 item, Poshmark makes $17.98, not the $20 they did in the past. The spread gets larger the higher priced the item.
 
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