WHY: One In and One Out.... Does This Concept Really Make Sense?

[DollyDoll]

If you have been on Instagram or around this forum I’m sure you have heard of ********. One of their fab contributors has offered up a seemingly smart philosophy of keeping our handbag love in check. One in and One Out and no more than 10 handbags at a time.

My question and problem is for example using @kugzz article. Swapping a Chanel Mini for a Hermes Constance 18 though you may gain some money in reselling the Chanel you are not selling at profit, therefore losing money and spending more money.

I get and applaud the point of maintaining a collection that is well thought out, not to have duplicate colors and or bags. However why not wait for exactly what you wish for instead of settling and having to sell at a loss?

This process does make sense if the bag you are selling was a gift. However before you sell your handbags you paid for or buy another bag think Long and hard!

Math:
Chanel Mini $3200
Hermes Constance 18 $7250 (approximately)

If you sell your used Chanel in excellent condition to Fashionphile you can fetch $2447. If it’s in Very Good Condition $1887

In all for an excellent condition your lost $1041 dollars and Very Good Condition your lost $1601.

So you paid $8291 or $8851 for your new Constance. If you bought these bags on credit then the price is even higher as you paid interest on the purchase until it was paid off.

Should be noted I added 9% tax on the Chanel price. E.g. 3200 + 9% tax. I did not add tax to hermes price so lost would be greater.

Of course with an hermes swap of the bag is in New or Excellent condition you will at least break even but these days the time and energy of reselling a non hermes exotic are not what they use to be. So why not just wait and be very strategic as you are building your handbag collection.

For those who were gifted your handbag selling may make sense and congratulations on being gifted.

 

[catin]

If you have been on Instagram or around this forum I’m sure you have heard of ********. One of their fab contributors has offered up a seemingly smart philosophy of keeping our handbag love in check. One in and One Out and no more than 10 handbags at a time.

My question and problem is for example using @kugzz article. Swapping a Chanel Mini for a Hermes Constance 18 though you may gain some money in reselling the Chanel you are not selling at profit therefore losing money and spending more money.

I get and applaud the point of maintaining collection that is well thought out not to have duplicate colors and bags. However why not wait for exactly what you wish for instead of settling and having to sell at a loss.

This process does make sense if the bag you are selling was a gift however before you sell your handbags you paid for or buy another bag think Long and hard!

Math:
Chanel Mini $3200
Hermes Constance 18 $7250 (approximately)

If you sell your used Chanel in excellent condition to Fashionphile you can fetch $2447. If it’s in Very Good Condition $1887

In all for an excellent condition you lost $1041 dollars and Very Good Condition you lost $1601.

So you paid $8291 or $8851 for your new Constance. If you bought these bags on credit then the price is even higher as you paid interest on the purchase until it was paid off.

Should be noted I added 9% tax on the Chanel price. E.g. 3200 + 9% tax. I did not add tax to hermes price so loss would be greater.

Of course with an hermes swap of the bag is in New or Excellent condition you will at least break even but these days the time and energy of reselling a non hermes exotic are not what they use to be. So why not just wait and be very strategic as you are building your handbag collection.

For those who were gifted your handbag selling may make sense and congratulations on being gifted.

I'm sorry maybe I'm just tired. Is your point that you should just hold onto what you buy and be more careful about you buy so you never have to sell anything? I think the main counter point to consider is that personal styles and priorities change as you evolve so it can make sense to shed what you aren't using or loving anymore, even if it is at a loss.

 

[DollyDoll]

Deleted

 

[DollyDoll]

I'm sorry maybe I'm just tired. Is your point that you should just hold onto what you buy and be more careful about you buy so you never have to sell anything? I think the main counter point to consider is that personal styles and priorities change as you evolve so it can make sense to shed what you aren't using or loving anymore, even if it is at a loss.

As long as it’s understood you are losing money. I think the One In One Out has been promoted as a way of saving money but in the end it’s really costing you more money to resell in a lot of cases.

 

[Fab41]

Makes sense in theory, not in actuality.. for me... bag hoarder here...can’t do 10 bags.. i’m already at 10 with H and Chanel alone... so with other lux brands, i don’t think it’s worth getting 50% back with selling.. i’d rather keep the bag because there will be places / situations where an H or chanel is just not right.. unless i really really need to recoup the funds.. 2 more max...promise... i think

 

[Yoshi1296]

I guess the person that you're referring to might want to change things up? I've bought a lot of bags thinking I would use them and love them forever but you just grow tired of some and move on to get something better to fill its place. In that case I would sell the old bag too, so I can at least make something back.

 

[rainnebeauxday]

I guess the person that you're referring to might want to change things up? I've bought a lot of bags thinking I would use them and love them forever but you just grow tired of some and move on to get something better to fill its place. In that case I would sell the old bag too, so I can at least make something back.

Uhmm this. In cost per wear, maybe at some point you feel that you've got your money's worth.

I have no idea how many bags I own, they are still packed from our move. I bought some of them with an eye on reselling and some with the intention to use them. I think that I will end up selling a few of the bags that I bought to use, only because I haven't used them in months and don't feel the desire to trade out as often as I used to. Even if I sell them for less than I paid, it is more than I will have with them sitting in storage...and someone can enjoy them!

My DH bought me an LV Speedy B a couple of years ago & I realized how functional it was compared to my other bags, this has influenced my shopping. Now, I only really need my Speedy B, my Birkin, a cloth Hermes tote, a handful of Balenciagas and some vintage clutches (think 40s, 50s, 60s, 70s) that I have collected from my youth on. I'm going to add an Evelyne and a few vintage H bags at some point, only because I know I will use them. I wouldn't sell a bag that I found useful just to be at an arbitrary number, however some people love following rules, it helps them to stay focused...this isn't appealing to me, but I understand it.

 

[DollyDoll]

I guess the person that you're referring to might want to change things up? I've bought a lot of bags thinking I would use them and love them forever but you just grow tired of some and move on to get something better to fill its place. In that case I would sell the old bag too, so I can at least make something back.

The problem you aren’t making anything back unless the original purchase was a gift.

 

[marbella8]

The problem you aren’t making anything back unless the original purchase was a gift.

I think it is not all about making and losing money the way you are mentioning it. To some of us having something you have sit in the closet unused is loss of money. So, I think what some think, including myself, is that it is better to have money for a bag you don’t use, than a useless bag (meaning bag not being used and sitting in the closet).

 

[DollyDoll]

Deleted

 

[DollyDoll]

I think it is not all about making and losing money the way you are mentioning it. To some of us having something you have sit in the closet unused is loss of money. So, I think what some think, including myself, is that it is better to have money for a bag you don’t use, than a useless bag (meaning bag not being used and sitting in the closet).

I understand your point. And will give you this for thought it’s better to put more thought into our purchases especially Chanel and Hermes. As throwing away money may not matter but for some it really does. In the long run it saves time and those bags can be in a home that really appreciates them.

In this One In One Out is a little different than what you are talking about. Buying a bag and knowing you will have to sell one doesn’t make much sense. You end up paying even more for your new bag.

I have a dear friend I consult with before big purchases. We really have held each other accountable and reminded each other not to repeat or buy things that are not on our wishlist. Saves time and money. Just my thoughts!

 

[marbella8]

I understand your point. And will give you this for thought it’s better to put more thought into our purchases especially Chanel and Hermes. As throwing away money may not matter but for some it really does. In the long run it saves time and those bags can be in a home that really appreciates them.

In this One In One Out is a little different than what you are talking about. Buying a bag and knowing you will have to sell one doesn’t make much sense. You end up paying even more for your new bag.

I have a dear friend I consult with before big purchases. We really have held each other accountable and reminded each other not to repeat or buy things that are not on our wishlist. Saves time and money. Just my thoughts!

I understand your point. Years ago I overbought bags and shoes, then sold many of them. These days, I am honestly pretty uninterested in most bags. Things are pretty but I am not interested in purchasing most. So, I think for me it is many out, maybe one in, maybe not, lol!

 

[Yoshi1296]

The problem you aren’t making anything back unless the original purchase was a gift.

Yeah you aren't making anything. But we all make mistakes with our purchases at some point. I really wish I was smarter with my bag purchases, but I wasn't and I've learned my lesson. Also, bags are almost never investments so I'm pretty sure the people that buy are aware of the fact that it will not retain the value.

I guess with the 1-in-1-out idea the person may have thought at the time that they are extremely satisfied with their minimal collection of 10 bags so didn't really expect to encounter a situation where they want to switch something out.

 

[tabbi001]

I think kugzz meant for the 1-in-1-out idea to be a guide in future purchases of bags. Hermes and Chanel bags cost a lot of money, and to a lot of people, it means saving a considerable amount hence the need to think and rethink a purchase. Because at the end of the day, bags are used and can not be seen as investment, unless you keep them pristine in a box. Now, while we all try to be very meticulous in deciding a purchase, a few seasons/months/years from now, our style/lifestyle/needs may drastically change. One bag we thought we wanted/needed at a time may no longer be what we want. And when we find a suitable replacement, rather than having a bag we don't need, we sell if off and use the funds towards the new bag. Yes, we will incur a loss by selling that bag, but we've already used that bag. Got our money's worth from enjoying it. But even if not, at least we got something back from it rather than storing it at the back of the closet.
For some people who enjoy having a lots of bags and have the money to spend (wow, I really envy you guys!), the 1-in-1-out idea maybe absurd. But it is not wrong to have a hundred bags! By all means, if a person can afford it, that person has every right to buy a rainbow of H bags. But for me, since I don't have a bottomless bank account, the idea that I should sell off other bags I don't want makes sense, though not necessarily 1:1. It's more on a guide on how to be a bit more financially responsible.

 

[Fab41]

I wish i could .... and although i haven’t experienced it... some people claim “purse fatigue” being another reason to do this 1 in 1 out thing...