How much is a pre-owned bag worth?

NewStyle

O.G.
Nov 18, 2009
109
0
Hi guys,
How would you go about determining how much a pre-owned or rather pre-loved bag is worth? I don't want to pay too much for something that's already used when I can just buy it new.

Share your experience with a newbie pretty please!
 
Feb 19, 2007
2,762
22
Cincinnati, Ohio
The bag is worth what the market will bear, meaning, what someone else is willing to pay for it.

Take a peek on Ebay to see finished auctions and the prices of the bags that sold. Check at consignment shops like annsfabulousfinds.com to check a particular designer. Do your research and you will discover the answer.
 

MOWCAM

O.G.
Nov 18, 2009
2,246
45
Norway
that totally depends on the brand of the bag too. An Hermes - pretty darn good resell value. A LE Vuitton? Same. A prada nylon one? not so much.
You get a pretty good idea on ebay what people are asking - and what others are offering!!
 

happy942

Member
Sep 14, 2006
2,087
0
Chicago, IL
A pre-loved bag's worth totally depends on each individual bag. Label, condition, style, market popularity, etc. I agree with checking out ebay and bonanzle for similar bags to gauge current market price (but watch out for fakes!).
 

tiggycat

Member
Jul 29, 2009
3,703
12
As I keep telling my husband (who has a $30K computer from the 80's that NOW is worth metal scrap prices) anything is only worth what someone is willing to pay for it (haven't succeeded in getting it out of the house)!

I don't like to buy anything without examining it in person so I go to consignment stores rather than eBay.

I find generally (in the guaranteed authentic section, in clean/nearly new condition) that Coach/Kate Spade/LAMB go for about 25-30% of retail, LV 90% (or more if it's a limited edition) and I've never seen anything there higher end than LV.
 

Vintage Leather

Bag Lady
O.G.
Jan 30, 2007
6,200
2,258
Arête Cottage
Like everything, there is a wide variety of factors. The main ones are:

Condition
How often does the bag go on sale?
How many are out there?
Is this bag desirable?
 
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quality bags

Member
Jul 15, 2009
253
0
It depends on the conditions, age, brand, style (classis design or not) and color of the bag, whether or not it was on sales, does it comes with the original package (receipt, dustbag, care cards, box ..etc), and of course the demand. Basically Im only willing to paying half of the retail price (if there is sales, I will take the sales price) if the bag is 1 year and above.
 

ms p

so blessed
O.G.
Jan 9, 2007
6,165
1,232
in general my personal experience is 30-70% of retail depending on brand, condition, popularity of the bag
 

NewStyle

O.G.
Nov 18, 2009
109
0
Thank you so much for your input. I have never bought anything pre-owned and online. But I've been looking for a nice everyday black bag for work (which is why I didn't want to pay full price). I'm eyeing a black leather coach carley on ebay and its listed for about $400. I'm wondering if this is too much considering that I can probably buy a new coach for this price if I made a trip to the outlets (out of town).
 

Anna_525

Mom to 2 great kids
O.G.
Dec 27, 2006
1,304
3
NY
Yes, you can definitely get a $400 new Coach bag at the outlet stores, but they don't carry the popular styles like Carly. IMO, the $400 on an ebay Carly is worth it if it is definitely the bag you want. Also, before you bid on it, it would be best to have it authenticated in the Coach thread.

Good luck!
 

dyyong

World Peace
O.G.
Jan 25, 2008
16,275
1,073
Big RiNGo
It all depends on the brand, design, age, material and how popular it is.
If you are eyeing anything from evilbay, sometimes a bag can go above what the "secondhand" price due to lots of bidder, and sometimes you might get lucky if the listing/ending time is nobody around!
peek around evilbay (make sure it is authentic off course) and do your own judgement how bad how soon you want her ;)
 

fashion_mom1

Member
Apr 28, 2009
9,047
5
When I am looking I always check ebay or talk to the friends I have made here on TPF. However like others said it depends on condition, brand, how many are out there for sale etc.
 

shoulderache

Member
May 24, 2007
1,018
0
Arizona
it is worth what you are willing to pay.

You may want to poke around with the free ebay auction estimator tool at http://cgi5.ebay.com/ws/eBayISAPI.dll?SellHub3&_trksid=l1528 it is the terapeak box in the center below the yellow "sell here" box. Normally you have to pay for the tool but for some reason they offer it right there for free. If you plug in what you're looking for it tells an estimate of what it is going for lately on ebay and therefore you can estimate what a particular item may be worth.