Fashionphile is offering a low ball to sell sky high price. It's a greed? or Just the way they do business?

Panlove

Member
Sep 24, 2019
128
118
Yes definitely low offers. I’ve found they consistently make really low offers. I’ve heard others have had better luck but I haven’t found that. I just submitted a 2020 Deauville brand new, never used, card, stickers attached still. Offer was $1700. They had the same bag in same condition for $4295 and $3900 a couple of weeks ago. I suppose the have a lot of overhead so their profit margin has to be signficant.
 

handbagcrunch

Member
Oct 16, 2018
35
65
HI Guys,

I submitted a like-new condition mini reissue 28xxxxxx FUL SET for a quote. I received an offer buy out $2,300 ( They are selling on the site base on the same bag, same condition $4,750 )

Meanwhile, Opulent Habits offered me buy out of $3,000 for the same bag

Guys just sharing my experience.

Best
What color was your mini reissue? For my black 19K mini reissue they offered me $2850 just a few weeks ago.
 
Apr 13, 2015
447
1,676
Why are you selling a bag after just buying it? You’re not going to make a profit selling through an online reseller, you won’t even break even, you’re lucky if you get 50-60% back. They need to make a profit. What you get is piece of mind that you get the money upfront as reputable companies like fashionphile will typically honor their quote unless the seller was dishonest about condition.
 
Oct 30, 2015
501
3,676
Why are you selling a bag after just buying it? You’re not going to make a profit selling through an online reseller, you won’t even break even, you’re lucky if you get 50-60% back. They need to make a profit. What you get is piece of mind that you get the money upfront as reputable companies like fashionphile will typically honor their quote unless the seller was dishonest about condition.
I bought and then did sell it later on whatever reasons it doesn't matter. I never wanted to make money or even make break even for selling to Fashionphile. I have been selling with them for years , just recently they are giving Buy out offers very low compare to the past that I used to satisfy. I just declined their offers and went to others reseller. I even do consignment with Ann Fab Find who is the best IMO. Thank you for your input and I am always honest describing the conditions.
 

phishfan

O.G.
Dec 27, 2010
154
957
It’s a shame because members of TPF used to always have good things to say about Fashionphile and really helped evangelize the brand. There are probably lots of reasons for lower quotes these days — my suspicion is top-down pressure to improve margins (this is not surprising considering the partnership with NM and that many of their senior employees come from Nordstrom - a quick LinkedIn search can confirm that).
 

RT1

Hubble Telescope Image of the Orion Nebula
O.G.
Sep 8, 2006
2,264
5,712
Texas
It’s a shame because members of TPF used to always have good things to say about Fashionphile and really helped evangelize the brand. There are probably lots of reasons for lower quotes these days — my suspicion is top-down pressure to improve margins (this is not surprising considering the partnership with NM and that many of their senior employees come from Nordstrom - a quick LinkedIn search can confirm that).
This is probably the No. 1 reason right here!
 

Rouge H

Exploring this land...one click at a time
May 4, 2013
2,827
7,398
Location, Location, Location
Don't ever try to sell your bag thru the Reseller during the Pandemic, you're not gonna get your maximum return. Also, there's a difference between buyout and consign. Consign will value your bag higher. Fashionphile only does buyout, that's why they quoted really low.
Fashionphile does consignment too.
 

gettinpurseonal

Can I bathe in them?
O.G.
Mar 31, 2007
4,203
4,804
You have to think of it this way. Fashionphile has free delivery and free returns. They pay for someone to photograph and upload the bags to the site, manage the shipping and the billing, rent the building, and pay employees. So they have to make a profit off of each bag. People use Fashionphile because they do all the work and have a higher chance of selling a bag for a higher price than if you were to try to sell it on your own, prove that you are reputable, that your bag is authentic, and deal with scam artists. They also pay immediately instead of making you wait until the bag sells, or lower the price without telling you.
 

Elleand3

Member
Jan 29, 2018
167
129
I wonder if it’s really the margin? It seems like prices are higher, but the buy back is still a decent amount (75+ % of higher the sooner you sell it back plus 10% if you choose FP store credit). So perhaps they are discouraging people from buying the bags and keeping them for good vs constantly purchasing and using their buy back program, turning around the products constantly within their inventory. Essentially like renting the bags.