All it takes is one scammer to traumatize and ruin your selling experience. Go with the big consignment companies - Fashionphile, The Real Real, Ann’s Fabulous Finds etc...
**Selling/consigning** with Fashionphile
- Thread starter Vegas Long Legs
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I’ve sold to Fashionphile and like others have said, it’s hassle free! I didn’t want to dealing eBay drama.
I've sold a few pieces with FP and they are very professional and quick with payment. They do lowball you with Chanel items so I've held off on selling those with them. I've sold Burberry, Chloe and Gucci items with FP and have gotten good pricing. They just opened a store in Manhattan so I'm thrilled about just selling them my pieces in person!
I’m curious what you weigh when you decide to accept their buyout. I recently sold them a Louis Vuitton item that is often currently available online. I accepted a buyout of 50% the original value. I figured it’s currently available and a bit scratched. I wasn’t thrilled with 50% but figured they’d list it at like maybe 75%-80% and of course they need to make profit.
I see today they actually listed it $10 higher than you can buy it brand new on the LV site
and put a buy back price at $75 more than they offered me. I’m not upset I’m just confused. While I don’t expect full retail and know they need to make a profit, I think I might be screwing myself. They are offering people buy back amounts $75 more than what they bought it from me for originally. I really don’t want to start selling direct like on EBay but I have a few more offers pending and I’m really surprised they listed the item the way they did. I’m feeling uneasy about accepting their other offers.
ETA. The current items I’m selling they are offering between 60%-75% retail and the items are between 2 months to 4 years old.
I see today they actually listed it $10 higher than you can buy it brand new on the LV site
and put a buy back price at $75 more than they offered me. I’m not upset I’m just confused. While I don’t expect full retail and know they need to make a profit, I think I might be screwing myself. They are offering people buy back amounts $75 more than what they bought it from me for originally. I really don’t want to start selling direct like on EBay but I have a few more offers pending and I’m really surprised they listed the item the way they did. I’m feeling uneasy about accepting their other offers.ETA. The current items I’m selling they are offering between 60%-75% retail and the items are between 2 months to 4 years old.
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I have a target amount that I am willing to accept, i.e., how much will I lose on what I bought it for. If they don‘t offer that I decline.
I think that’s a good plan. I was thinking “fair” instead of what I wanted. Like I would except 50% retail and they would list around 75% retail and the buyer would get a deal because they would get a lightly used item (only used twice) and everyone would benefit. However it blows my mind they listed my item for higher than retail. Not only am I getting screwed but so is the buyer.
They are unlikely to sell at their listed price and will likely allow the item to go through their various discount cycles. Just because they initially listed for X doesn’t mean they will realize X at the end of the story.
I have said this multiple times and it depends on the brand I am sure, but I have always gotten better quotes from Yoogi’s. Recently I got ridiculously low quotes from both of them, so who knows?.
I think Yoogies doesn't like LV. I have consistently gotten worse offers with Yoogies. Their offer on this particular item was 37% of retail while FP was 50%. I have always had much lower prices from Yoogies but I have only sold LV
I’m looking at some of their prices. The whole thing blows my mind. They have Louis Vuitton toiletry pouches that sell from boutique at $400 US online listed for $500. Granted that piece shows unavailable right now but with a little persistence you can get one. I guess they just hope people snap things up.
I have to disagree with your perception.
"Fair" is an amount you are comfortable with, despite what they will resell it for. IMO, it's not unfair to either you or their next buyer what they price it for. You had the option of declining their buyout price if you didn't think it was "fair" and the next buyer has the option (and ability) to search LV itself and buy for a lower price than FP has it listed for.
I've sold items for $200 and subsequently found that my buyer resold (or rather, listed) for nearly $500. I don't feel cheated or taken advantage of; I listed at the price I wanted and my buyer paid me that price.
What she does with it after is her business. If she's able to triple her investment, good for her! I know what I'd paid, made a profit when I resold and that's all I care about.