Resellers getting Chanel items first and selling for premium

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#1,561
How can giftable new 21K items already be on Fashionphile (listed with ridiculous prices)? I see tPF members searching for these items or waiting for their items yet it's already on a reseller site. I know they have a partnership with NM. Do some stock just bypass the floor for customers and go straight to FP or are people purchasing these items and turning around to flip them on FP within days of receiving them?
 
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#1,562
atlsweetpea11 said:
How can giftable new 21K items already be on Fashionphile (listed with ridiculous prices)? I see tPF members searching for these items or waiting for their items yet it's already on a reseller site. I know they have a partnership with NM. Do some stock just bypass the floor for customers and go straight to FP or are people purchasing these items and turning around to flip them on FP within days of receiving them?
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My guess is the latter: people buying what they think is popular and will sell well (with no intent to keep the item). FP isn't the only one selling brand new 21K items at inflated prices. Unfortunately this has been happening every season lately...
 
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#1,563
thundercloud said:
My guess is the latter: people buying what they think is popular and will sell well (with no intent to keep the item). FP isn't the only one selling brand new 21K items at inflated prices. Unfortunately this has been happening every season lately...
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How frustrating for those that actually want to purchase and use a bag. There was the caviar m/l light purple listed for close to $11.5K and it is now sold. Unbelievable someone had to pay $4000+ over retail to get this bag. :shocked:
 
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#1,564
atlsweetpea11 said:
How frustrating for those that actually want to purchase and use a bag. There was the caviar m/l light purple listed for close to $11.5K and it is now sold. Unbelievable someone had to pay $4000+ over retail to get this bag. :shocked:
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I know. :sad:

If you follow it on FP, it will more than likely get returned. I find quite a few bags get sold and returned within the 30 day window, since it's free shipping and free returns. I think people use their return policy as a way to check out a bag and/or color in person with no intention of keeping it.
 
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#1,565
thundercloud said:
I know. :sad:

If you follow it on FP, it will more than likely get returned. I find quite a few bags get sold and returned within the 30 day window, since it's free shipping and free returns. I think people use their return policy as a way to check out a bag and/or color in person with no intention of keeping it.
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If you sell to Fashionphile they only give you 70% of value so people don't "make money" selling new bags there. They used to post resale value for you on every bag so you know how much they would give. If a bag is worth 9 they will give you 6 etc. Maybe people are consigning with them? That would make sense of why some bags are priced higher.
 
#1,567
MSV0 said:
If you sell to Fashionphile they only give you 70% of value so people don't "make money" selling new bags there. They used to post resale value for you on every bag so you know how much they would give. If a bag is worth 9 they will give you 6 etc. Maybe people are consigning with them? That would make sense of why some bags are priced higher.
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The only place I've seen 70% mentioned for FP is their buyback program, and that's for bags you buy from FP and sell back to them within a certain amount of time. Their normal quotes are all over the board and not consistent percentage-wise, even for the same bag, based on the numerous FP threads on tpf.

Their selling prices also vary quite a bit. I follow quite a few bags on FP, including ones I sell to them. I see many of them sell, get returned during that 30 day period, and then get re-listed for sale most of the time higher than the initial listing. For example, one of the bags I sold them was purchased, returned, and re-listed within 2-3 weeks for 15% higher than the initial selling price. That listing price had nothing to do with how much they paid me for it, nor due to any retail price increase, etc.

Personally, I'd love to get a behind the scenes look into how they come up with their quotes and pricing...
 
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#1,568
There definitely seems to be a lot of variability in FP's pricing. I managed to get a medium black caviar CF in excellent condition for $6k a couple weeks ago even though FP tends to list similar CFs for $7k-8k... when it came it was like new, had the full set, and I got it double authenticated. Wondering if the price I got it for was a typo but glad I was able to snag it :lol:
 
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#1,569
veryamy said:
There definitely seems to be a lot of variability in FP's pricing. I managed to get a medium black caviar CF in excellent condition for $6k a couple weeks ago even though FP tends to list similar CFs for $7k-8k... when it came it was like new, had the full set, and I got it double authenticated. Wondering if the price I got it for was a typo but glad I was able to snag it :lol:
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Even their listings are inconsistent. Some items have only 4 pics and I've seen others with like 10. On top of that is it just me or is anyone else irritated that lately when they do post a partial pic of the serial tag, the first half is edited out? Seems to make more sense to show the first half so we can at least confirm that the bag is from a particular year. It's the little things that annoy me lol
 
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#1,573
cherriefairy said:
Saw one seller on FB with multiples of each. I’m still shocked at how they get multiples of each bag :tdown:
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salal04 said:
I saw an Instagram seller based in HK with multiple such bags in black color stating ready to ship. So wasn't Chanel putting restrictions on how many bags can be purchased? She may have had others buy it for her or the rule doesn't apply in Japan.
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They most likely have other people buying them so the purchases are spread across multiple Chanel accounts. Also, I think the purchase limits are different depending on the country.
 
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