Most of us can’t walk into a luxury retailer and drop thousands of dollars on a handbag a few times a year or even once a year. So what does that mean? What are the options? Ten years ago if you couldn’t afford the Chanel handbag you loved you were out of luck. Today, times have seriously changed! The reseller market has exploded and younger generations are sending retailers a new message loud and clear: “We don’t need to buy new anymore”. I recently walked in The Real Real flagship store in Soho, NY and was shocked by the quality of perfectly curated goods. It felt like being in a high-end, multi-brand store, with only one difference, everything once belonged to someone else. I was drawn to a beautiful gray Hermes wallet that when I picked it up I couldn’t help but ask myself, “Why would anyone spend triple the price when this one was virtually new?”. So nowadays you can buy new, buy used, buy vintage, and even borrow luxury goods. My absolute favorite place to sell handbags is Fashionphile. I talked about it more in this post last year, but it is the best. They offer you a “buy it out” price from the start so you know exactly what you’re getting. My second choice after that would be selling it on Tradesy and lastly, sell on The Real Real (if and only if you’re not married to getting a certain dollar amount).
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