**Selling/consigning** with Fashionphile

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#1,891
kadya said:
I would be so livid if they made me pay to get an authentic bag back. I would do it, same as you, but that would be the end of my business with them.

Out of curiosity, did they give you a pretty good quote for it? I’m asking because it seems to be a common thing that has happened to others here lately. FP offers a very good quote for an item, only to reject it for “inconsistencies” upon receiving it because somebody f-ed up and quoted too much and they don’t want to honor it.
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I would say they gave me a decent quote for it. It was $2700 for a bag that retails for $3500 and is on their site between $3-4k. I do see they have another in this color that appears to not have sold in a significant amount of time so maybe that is what happened.

If that’s the case don’t tell me that my authentic bag, purchased by me, an owner of well into the six figures worth of items from this brand, is fake. Just tell me you can’t honor the quote and you’re sending me the item back.

I may be many things but I don’t sell fakes. The bag they have listed that I am sure is fake is for sale for over $30k and has an inconsistency so obvious anyone should be able to spot it.

I won’t be using them again; I don’t really need to sell anything that badly.
 
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#1,892
This is, sadly, happening a lot with Fashionphile for some time already. They give various excuses for rejections: sometimes they would say it's fake, sometimes they would say there are "inconsistencies" which can vary from item to item. They were even rejecting full sets Cartier for this reason leaving owners very puzzled.

I think something is going on in there with their buyers: often the quotes are totally ridiculous, but sometimes they are very good. I suppose people who make a final decision about the purchase must be different from those who give quotes and things go south at this stage.

Few months ago they rejected a piece of jewellery saying it's fake which was totally unreasonable: it was a beautiful semi vintage piece with such a detailed craftmanship which probably can't be even replicated (leave alone it was an authentic piece for sure). After some arguments they acknowledged that the piece is really authentic but still wanted to return it due to the "inconsistencies". When asked about what sort of inconsistencies they see, they did not even respond. This was the most bizarre transaction ever.
 
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#1,893
Once again payment has been "initiated" but not actually deposited. I'm guessing the days of payments appearing in my account the morning after being initiated are over. I'm going to give it a week before complaining.
 
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#1,894
caannie said:
Once again payment has been "initiated" but not actually deposited. I'm guessing the days of payments appearing in my account the morning after being initiated are over. I'm going to give it a week before complaining.
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Fashionphile + Newman Marcus and cash influx = low quotes and delay in payments. ACH pymts take one day when processed to your bank account. Ach pymts processed through Chase bank- verified.
Going forward just need to know this is the new FASHIONPHILE…..i prefer the old one…
 
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#1,895
caannie said:
Once again payment has been "initiated" but not actually deposited. I'm guessing the days of payments appearing in my account the morning after being initiated are over. I'm going to give it a week before complaining.
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The same thing here. In my fashionphile account, the 3 items I sold to them say they paid me for them yesterday. But there’s no pending ACH activity in my bank account. I wish they wouldn’t do it that way. It’s fine to say payment is initiated, but to say seller has been paid already isn’t true, and makes it confusing. How long did it take for you to get the $ last time? This is the first time I’ve sold to them in a while, so I didn’t have this problem before.
 
#1,896
Moxisox said:
The same thing here. In my fashionphile account, the 3 items I sold to them say they paid me for them yesterday. But there’s no pending ACH activity in my bank account. I wish they wouldn’t do it that way. It’s fine to say payment is initiated, but to say seller has been paid already isn’t true, and makes it confusing. How long did it take for you to get the $ last time? This is the first time I’ve sold to them in a while, so I didn’t have this problem before.
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Payment was in the bank the second business day. At least it didn't take a week this time.
 
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#1,898
Margot S said:
FP low ball buy out quotes continue to go lower. Resubmitted on low offer for navy nacre pochette metis. Quote came back 15% lower a few days after original quote expired. I am guessing FP sunk too much money into its new NYC palace. I for one do not want to help pay for that.
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There are other possible explanations: cooling economy, higher interest rates, new showroom facility dramatically increased their ability to acquire inventory therefore more supply with perhaps less amped demand.

But good to know that quotes are going lower as decision point for buyouts! Thanks for the info.
 
#1,902
Margot S said:
FP low ball buy out quotes continue to go lower. Resubmitted on low offer for navy nacre pochette metis. Quote came back 15% lower a few days after original quote expired. I am guessing FP sunk too much money into its new NYC palace. I for one do not want to help pay for that.
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I agree, their quotes are ridiculously insulting lowball now. I submitted about 8 bags in April- May, Chanel, Dior, Loewe. Quotes ranged from $100-300 to 800, $1500-2000 for Chanel. For brand new bags. Are these prices for dusters or what?
Today I got new lowball quotes for fine jewelry - 10-20% of retail. Like thank you, no. It's all over Twitter too "what crack are they smoking?". I won't submit anything any more.
 
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#1,903
GemsBerry said:
I agree, their quotes are ridiculously insulting lowball now. I submitted about 8 bags in April- May, Chanel, Dior, Loewe. Quotes ranged from $100-300 to 800, $1500-2000 for Chanel. For brand new bags. Are these prices for dusters or what?
Today I got new lowball quotes for fine jewelry - 10-20% of retail. Like thank you, no. It's all over Twitter too "what crack are they smoking?". I won't submit anything any more.
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The quotes are very upsetting. I still upload stuff just to see the numbers they give but I don't sell.
One has to remember they are not obliged to give good buyout offers - this is the nature of the business. If they decline or give something very low, then this is what the market is: people are either not buying or offering much more than market can cope with etc... So in a way they are a good indicator of the situation: this is the sad truth of life.
I personally can better cope with low ball offers and just don't sell to them rather than deal with them when they return items with some dumb excuses when they don't want to honour the offer they made.
I also monitor some items they have that I like but did not pull the trigger - they all were discounted, many of them went through a few rounds of price reductions. Tells you something...
 
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#1,904
Ylesiya said:
The quotes are very upsetting. I still upload stuff just to see the numbers they give but I don't sell.
One has to remember they are not obliged to give good buyout offers - this is the nature of the business. If they decline or give something very low, then this is what the market is: people are either not buying or offering much more than market can cope with etc... So in a way they are a good indicator of the situation: this is the sad truth of life.
I personally can better cope with low ball offers and just don't sell to them rather than deal with them when they return items with some dumb excuses when they don't want to honour the offer they made.
I also monitor some items they have that I like but did not pull the trigger - they all were discounted, many of them went through a few rounds of price reductions. Tells you something...
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I also follow many items, many used LV were priced above retail originally. I had issues returning for undisclosed flows, like holes in YSL bag. Why were these items accepted and priced like this? It seems they do play favorites with some sellers, like mass-suppliers and don't want to bother with normal individual sellers unless they sell it super cheaply meaning super fast. It's easier for them to flip Birkins - easy $2-4K, less work more profit. Good luck keep going like that.
 
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