What is luxury consignment
What is luxury consignment

How Does Luxury Consignment Work?

9.16.24

Luxury consignment may sound like a contradiction in terms. But it’s honestly a sustainable method of recycling fashion. A brilliant way to give your high-end pieces a second life, luxury consignment lets you earn passive income without lifting a finger. And if you’re in the market for a luxury piece yourself, browsing consigned handbags can feel like a treasure hunt, but with a much better prize at the end. Beyond that, there’s much more to luxury consignment than meets the eye. Read on to learn all about luxury consignment, how it works, and why this could be your next fashion-savvy business move.

What Is Luxury Consignment?

shopping and selling pre-owned goods has been a trend in recent years. With inflation making things unaffordable for many, turning to thrifting and purchasing secondhand items has become a norm. Thrifting is practically a sport now, but if you’re eyeing something a bit more Prada than practical, luxury resale consignment will be your best friend. What’s different from thrifting when it comes to luxury consignment, though, is that thrift stores carry a large selection of goods from any brand, while luxury consignment focuses more on high-quality items from luxury brands like Prada and Louis Vuitton. 

Not only is luxury consignment a great way for the average person to get their hands on high-end fashion, but it’s also a great way for those already in possession of high-end fashion to sell the items they no longer use and make some extra cash. 

If you’ve decided that you want to take part in luxury consignment, there are several companies out there that focus on this new trend. Here at The RealReal, we allow people to consign with us, whether you have Gucci, Dior, or any other designer clothes and accessories from different luxury brands, all from the comfort of your own home.

Benefits of Luxury Consignment 

The benefits of luxury consignment are for both shoppers and members who sell with us. Everybody wins here. When you decide to partner with a luxury consignment company and sell your high-end products, you get benefits such as: 

            • Knowledgeable staff authenticating and pricing your designer items
            • Working with a company to minimize the risks of scams
            • Getting a fair price for your pre-owned clothes 
            • Farther reach and marketing channels through partnering with a luxury consignment company 
            • Ability to make passive income—let the luxury consignment company handle inventory, pricing, and selling for you 

And when it comes to the perks of shopping through luxury consignment, let’s just say the benefits are as abundant as a designer’s closet at Fashion Week. Here are some of those benefits:

            • Purchasing designer clothes made from high-quality materials, unlike the low-quality materials from which fast fashion is made 
            • Purchasing authentic and genuine items that are in good condition, eliminating the risk of scams 
            • Enhancing sustainability by reducing the demand for new production of items, which helps with water consumption, pollution, and waste
            • Obtaining good value and affordable items for the average person 
            • Exploring unique items and styles through a regularly restocked inventory, giving yourself a whole new look

Best Sellers in Luxury Consignment 

If you plan on getting into luxury consignment, it’s helpful to know what items and categories are the best sellers, as well as which ones will bring you the highest return on investment (ROI). 

One of the biggest sellers in luxury consignment is handbags. According to a Resale Report by The RealReal, designer handbags (new or pre-owned) are highly sought after. Many of the highest-selling handbags come from brands like Hermès Birkin, Goyard Mini Anjou, Saint Laurent Icare, Prada, Louis Vitton, Dior, and Gucci. Not only are these bags best sellers, but they also bring in the greatest ROI. Hermès Birkin brings in 127% ROI, while Gucci brings in 71%. In between that, you have Saint Laurent Icare averaging 93% and Prada netting around 78% of its original price. That’s a pretty significant ROI. 

Jewelry is another category to keep your eyes on, with brands like BVLGARI, David Yurman, and Tiffany & Co appealing to shoppers. BVLGARI is popular among those looking for vintage pieces, while Tiffany & Co. appeals to millennial nostalgia. 

Also, if you’re looking at Dior pieces, don’t sleep on their shoes. Dior has experienced significant growth in shoe resale value. In fact, their Dior Loafers have an 88% resale value. The better their condition, the higher their value. 

Other categories to keep your eyes on include: 

            • Womenswear, including dresses, tops, jackets, sweaters, coats, pants, and accessories like sunglasses, scarves, and shoes
            • Menswear, including outwear, suits, and dress shirts
            • Watches from the likes of Rolex and Breitling
            • Home goods, like throw blankets, dinnerware, designer figurines, and more

As for brands, look for these stand-outs that hold their value and are made to be timeless, durable pieces:

            • Celine
            • Gucci 
            • Christian Louboutin
            • Prada
            • Saint Laurent
            • Louis Vuitton
            • Rolex
            • Van Cleef & Arpels 
            • Fendi 
            • YSL 
            • Hermès 
            • Tiffany & Co.
            • Ferragamo
            • Bottega Veneta
            • Miu Miu
            • Isabel Marant
            • Cartier
            • Valentino

Feel Your Best With The RealReal 

If you’re looking to make passive income or to take your wardrobe to the next level, The RealReal can be your one-stop shop for consigning the latest fashion pieces. Looking to sell your high-end fashion clothes, shoes, handbags, and accessories? You can consign with us. We make it easy to consign Louis Vuitton or Prada handbags. Sign up and choose either pickup, drop-off, or shipment, and then let us handle the rest. You’ll have three options to choose from when getting paid—direct deposit, site credit, or check. 

Our online marketplace and experts are waiting to authenticate and consign your goods or even help you find your next fashion piece. We have so many categories to choose from, from clothing to jewelry, shoes, watches, and more. You may even find something for your little one when you search through our marketplace, as we have a kid’s section, too.

So, what are you waiting for? Step into the world of luxury consignment, and let us help you consign or shop today. 

A SUSTAINABLE LUXURY COMPANY
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