Could someone here recommend a safe way to sell an item in Europe? Thank you!
What Are You Releasing Back Into The Wild?
- Thread starter Iluvhaute
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Since I purchased it last February, I have never used my monogram PM. It has been in its box for a year and the retail price has already gone up $220. Just out of curiosity, I submitted it to Yoogi's Closet for a quote and got a super lowball direct buyout range of $1,230 - $1,335 and a consignment range of $1,335 - $1,435. I declined so fast I had to go back to screen shot the joke.
I will hang on to the monogram for another few price increases. The bag is great, I just prefer my reverse PM more because it's completely carefree and a little bit different.
I will hang on to the monogram for another few price increases. The bag is great, I just prefer my reverse PM more because it's completely carefree and a little bit different.
Vestiaire Collective but I believe fees are high. If you have a luxury consignment store near you that’s what I’d recommend. Usually the fees are lower.
The issue is that these platforms take such a huge cut and unless your piece is super rare and in high demand it just won’t sell at retail price (or more). So the seller is the one taking the hit. Try and sell privately or find a local consignment store with lower fees.
The maths is simple:
- pre-loved luxury bags that hold their value well usually sell at a 30-35% discount on retail
- selling platforms take 20-25% commission
That’s why you see bags listed on the pre-loved market at retail price or more.
You can try and wait but you gamble that your bag will still be popular in the future...
I am familiar with the process. The numbers you quote are a bit off and variable between sites, but generally in the ballpark. I have sent several items to Fashionphile over the last ten years and I understand commission cuts and buyouts, as well as how they have changed over time. Thank you though.
As mentioned in my post, I still like the bag and I'm not actually motivated to sell for any reason now. No need to source a buyer. I was just curious to see what Yoogi's Closet would offer. No need to "gamble." The bag is not hurting anyone sitting my closet.
Totally keep it if you can! I suppose more people would resell if they could get close to the purchase price. I'm not sure I would because I don't tend to buy things that don't work for me but I sure have bags that are sitting in the closet. Though that's more to do with the lack of occasion rather than the bag not working for me.
I was able to get the mini pochette in DA a few weeks ago but sent it back today after I found a multicolor pochette accessories on Fashionphile last night. I was torn because I have never had anything in DA but it was too small for my stuff and I know the multicolor PA would get used way more. Now I just need to decide if I want to keep the mini pochette in de I managed to order online before Christmas. Decisions.
Fashionphile is a joke. They quoted $150 on a new key pouch that they are selling for $385-560. No, that is not a typo, some of the key pouches (canvas) are selling that high on their site. They lowball people trying to rehome their items quite often.
Ahhhh...... goodbye~~ We've enjoyed our time together (some more than others), but it's now time to part our ways
My vintage mm backpack in amazing condition, hope the new owner loves and wears her 