You’re right. I didn’t mean to say that all VIPs or long term clients are reselling their pre-spend or QB bags but it seems some do let go of their QBs and even HSS. Just purely looking at the exotics and hard to get bags NIB that get dumped on FF, I think there are loyalty purchases made by VIPs that end up there.
It could be true that some VIPs or long-time clients may unload *certain* QB that they no longer personally want. If VIPs/long-time clients have buyer remorse, I think it makes sense for them to just sell 1 or 2 QBs.
Please note FF get bags from everywhere around the world. Let's not assume the bags in FF are mostly coming from US or SF boutique.