I despise paying full price for anything, let alone an expensive designer item. I wouldn’t say I am a super bargain shopper, but I do love to save money. It’s thrilling to find an item for a fraction of the retail price. That’s why I love preowned luxury items!
For a while, I tried couponing, and hunting for coupons just isn’t the same as hunting for bargain designer items. Not to mention, any amount of money I saved was never worth the time commitment.
Between coupon codes, cashback websites, and credit card perks – I’m able to get deals on top of deals for just about anything online. Yes, even designer items!
One thing to note, there are many sites like Poshmark, eBay, and others popping up where you can sell your own new and preowned luxury items. But, for the purpose of this post, I wanted to share companies that will do the work for you! I also have a lot of content on my blog about how to resell your own items online.
But, not everyone is interested in doing the work themselves. All of these luxury resale sites have the ability to buy items and sell yours too.
Yoogi’s Closet is one of my favorite luxury online consignment shops. I’ve purchased many designer items for amazing prices. Each one came in the condition they listed. Whenever I’ve done comparison shopping, Yoogi’s prices seem to be the lowest.
When you buy online, the last thing you want is a banged-up item showing up at your door. The condition of every single thing purchased through them has been impeccable. This is extremely important when buying preowned luxury items!
There are 3 specific things I enjoy about Yoogi’s Closet.
First, they accept returns which not all consignment places offer. This allows you to get the item and check it out before committing to the purchase. I purchased a Céline phantom bag and realized it was much too big and heavy for me. The bag didn’t come with a shoulder strap either to help distribute the weight. Because of this, I decided to open a return.
Over the years, I’ve returned a few things and never had any issues.
Yoogi’s Closet even mentions returns in their guiding principles for their brand, “Offer a return policy that matched or exceeded that for new goods purchased from authorized retailers.”
Second, they provide you with an offer to buy straight from their website. All you do is take their requested photos of the items and then they will give you a quote to buy it outright or put it on consignment online.
Third, they makepreowned luxury item buying affordable for people who may not be able to pay full retail price for designer items, but enjoy owning designer items.
Where else can you find brand new Prada ballet flats for less than $200??
Vestiare Collective started as a French company and grew over the years to a global brand. Their founders wanted to expand the lifespan of designer items by “bringing them back into circulation.”
“From its conception, Vestiaire Collective has encouraged consumers to consider resale as a smart and sustainable approach to fashion. The Vestiaire Collective model is unique due to its carefully curated catalog of desirable items, that once sold are expertly checked to ensure their quality and authenticity.”
While I haven’t used their site, I do know many others who have and enjoyed the process of buying from them. Their items were verified authentic and the price was right. I believe Vestiare focuses on not only mainstream luxury items but curating unique and specialized pieces for sale.
What is nice about Vestiaire is they get a look at the item first before it is sent to the buyer. This way the item is verified and authenticated to ensure the buyer is getting the item they purchased. I really like this quality control process forpreowned luxury items.
What started as a home business in 2011, blossomed over the years into a publicly traded company with millions of shoppers and sellers.
I’ve sold hundreds of items to The Real Real and there are things I like and dislike about their company and process.
Let’s talk about consignment aka selling first.
You can contact them to set up a virtual or in-person consignment appointment to go over what you want to send in, brands they accept, and the consignment process. You will be assigned a sales rep who guides you through the process.
The Real Real expanded what they accept over the years, but they do keep an updated designer list for your reference.
Since I live in a major metro area, TRR schedules pickups of new andpreowned luxury items right from your doorstep. That’s always convenient! You put them in bags or boxes and leave them on the doorstep. If you don’t live near a pickup spot, you can always send the item in with a prepaid label.
My problem with this method is the duration of time it takes to return items not accepted back to you. In the past, I waited over 2 months to have my items shipped back to me. But most recently, it’s only been a couple of weeks.
They opened a retail store next to me in Connecticut and I used to take my items there. The employees sorted and selected items on the spot. By going into the retail store, I kept items not accepted with me. Unfortunately, this process changed, they will accept the items but do not sort them on location.
For unique items, they will do a free custom evaluation. Such as high-end handbags, watches and/or jewelry, art, and home decor.
As for selling your items on their site, I found my items sold pretty quickly but for relatively low prices. If your items aren’t brands like Louis Vuitton, Gucci, or Chanel, the payouts are pretty low. They price items pretty low to start and then automatically give people a 20% discount, plus continue to drop the prices quickly in order for them to sell.
Many of my items retailed for over $300 and I earned less than $30. My average payout per item is $32. From a buyer’s standpoint, it’s a great place to purchase items at low prices.
You can find their accepted consignment designers and consignment percentages right on their website.
On most items, you get 20% off your first purchase, plus if you use Rakuten you get an additional 2.5% cashback!
I’m in love with this Red Dolce & Gabbana Dress!
Based out of Dubai and founded in 2011, The Luxury Closet is a leading online boutique for buying and selling new and pre-loved luxury items like handbags, clothes, watches, and jewelry. With more than 25,000+ unique items as part of our selection, we feature top luxury brands such as Hermès, Louis Vuitton, Chanel, Van Cleef, and Arpels, Cartier, Rolex, and more. We accept items and deliver globally.
To sellpreowned luxury items with them, you upload your photos and then they will send you a quote. Their website states, “We quote your items after an intensive market research for a faster sale and suggest a price range to let you decide the final payout.” This gives you, the seller, more say on what you are willing to take for your items.
They do ship worldwide, but they are located in Dubai. For those of us in the USA, it will take longer for them to get your items processed and listed for sale. The Luxury Closet has all of its selling information on its website.
I even found Valentino Rockstud Heels for less than $350 which is unheard of!
Right now The Luxury Closet is offering 5% Cash Back on Rakuten!
Rebag only offers a limited number of designers on their website. They have a more limited and curated collection of items. Their website states, “Shop thousands of beautiful bags and accessories from 50+ designers, including Dior, Chanel, Hermes, and more. Our curated collections are white-glove inspected for the highest quality and authenticity.”
One of the nice things about Rebag is their Clair by Rebag program. It’s a luxury item appraisal estimator online and it creates an immediate offer. You plug in photos of the item and it searches thousands of styles to find a match. I used it for my Fendi 3Jours bag and it found the same bags right away. Their offer to buy out was approx 50% of what they were selling for online.
But, if you take Rebag credit, you earn 20% more.
If you are the type of person who wants to sell in person, Rebag does have some retail locations in the US.
Of course, there are many other websites and companies that will do the same or similar to these 5. But, these have a good reputation.
Do you have a company to recommend? Have you had an experience with these companies?
Let me know in the comments below!
Until Next Time,
Bexa Boss Lady