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Real Authentication provides top tier Authentication, Identification and Valuation services for over 100 Designer Luxury Brands: Louis Vuitton, Chanel, Hermes, Prada, Gucci, Fendi and more. Contact us today to shop and sell with the confidence and protection you deserve!

Saturday, October 1, 2016

BAG SELLING GUIDE | Learn When It's Time to Sell Your Investment Bag

There are many reasons to sell designer handbags, but most often it comes down to money.. or bag space within your overflowing closet! Regardless of your reasoning, it's always nice to have a fresh start, and who could complain about recouping some cash from an old bag fling? There are many outlets for selling your designer handbags, purses and accessories, and just as many reasons why each bag outlet may or may not be a right fit for your purses.

There are a handful of consignment shops out there that buy designer handbags outright, but often bag resellers only offer consignment. Consignment means that you send your purses into the consignment shop and the consignment shop lists the designer handbags for sale on their website. Often the consignment shop will give you an estimate of what they anticipate selling the purses for, and also what their payout or consignment shops rate will be. A typical consignment shops rate is somewhere between 60% to 70% of the purses sale price. This means that once the bag sells, you will then be paid the pre-determined consignment shops percentage. Consignment will typically net you the highest return on your designer handbags, the only downfall is that you must wait for the purses to sell before you can be paid.

Unlike consignment only, many resellers of designer handbags will also provide a flat buyout offer. Usually this offer will be anywhere from 40% to 60% of what the seller anticipates they will sell the purses for on their end. In order to be a functional business, the reseller does need to make a profit, so don't be offended when the buyout offer may be much less than what you are seeing the purses listed for on their website. Though they may be taking a larger chunk of the overall profit from selling the designer handbags, they are also acquiring the risk and overhead that now owning the bag entails. Taking direct buyout offers from consignment shops that do offer this option is best if you are not able or willing to wait for the purses to sell on consignment. 

An additional option for selling your designer handbags would be to try and sell the purses directly to a customer yourself. Many sites, such as eBay and Tradesy allow you to list your designer handbags and sell directly to the next owner. This way to sell your purses is a bit more cumbersome than most prefer. As a direct seller, you are in charge of photographing the purses, writing an accurate description, answering any questions regarding the purses, and eventually even shipping the designer handbags once they do sell. The host site as well as monetary processing sites (such as PayPal) will take their percentage of your sale. This cut often amounts to around 10% of your selling price. Direct selling can be fun and and feel very rewarding, however more times than not, large handbag resellers can actually obtain a higher selling price for your handbags than you ever could selling the purses on your own. Many resellers provide a convenient and reliable shopping experience that their clients are willing to pay a little extra for.
As mentioned in the REAL AUTHENTICATION Buying Guide, all designer handbags are not created equal. Certain brands like Chanel, Hermes and Louis Vuitton never go on sale and rather than lose resale value over time, can actually increase in value! Value factors like color, silhouette and textile all affect the resale value of your purses. If the handbag is viewed as a "classic" or "timeless" piece, you are likely to get more for your purses than if the piece is really wild, funky or clearly screams "I'm from the 80's!" For more information on Investment Purses and how to buy designer handbags as an investment, please click here.

Shipping is an outlier than some may not even consider when selling your beloved designer handbags. Though most consignment shops do provide you with a prepaid shipping label, if you are an international client, often times you are responsible for shipping in full, half of the shipping cost or at the very least Customs Fees. If you are acting as a Direct Seller, charging the customer shipping for your purses may hinder your sale as online consumers typically gravitate toward Free Shipping.
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