THIS IS WHAT IS WRONG WITH THE LUXURY RESALE MARKET.

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The luxury resale market is dead by recent standards, and in this video, I talk about one of the big reasons why, one of the things I think greatly impacts the resale market. There was a boom in luxury shopping over lockdown and like all bubbles, these economies burst. That is normal and I think it is a good thing that the resale market is becoming fun again and more accessible. There is one reason though I think the luxury resale market has been impacted and I share this with you in this video.
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Опубликовано:

9 май 2024

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Комментарии : 166

@daliaa5294

I personally don’t like preloved bags. Almost the same price as new, worn out bags, the risk, no instore experience. If all I am saving is 200 euros why bother.

@lisatakeitorleaveit

I’ve been a successful Realtor outside NYC for 25 years . What people never understand is the buyers always drive the market. Whenever buyers are done paying they prices the market adjusts. When in comes to the luxury market the buyers are correcting the market . Sellers can only get what a buyers want to pay - sellers don’t drive the market - never have.

@buntyjoy1800

If all these people keep having their ‘awakenings” we will be tripping over the bloody things 😂

@Tenzin62

I had a very bad bad experience with a resale company. They ignored my emails and WhatsApp messages, yet had sold my stuff. I embarrassed them on a live, spammed up their live feed. And guess what, got paid the next day! London is inundated with resale and preloved stores now, and vintage sellers. Fendi and Chanel seem to be just chucking bags at buyers who don’t want them.

@jbbb7418

I detest going to say fashionphile, and seeing a 15 year old bag, or 10 or even 5 being extremely close to the price of a new bag, things like speedy’s and neverfulls, it is insanity!

@joannasliwa8147

Hi Amelia! My problem with the luxury resale market online IS that WE ARE gambling with the possibility of buying a fake . I miss physical stores with pre- loved + vintage items ( I ' m from Paris). Great points and happy you got your dreamy pre- loved Hermès without playing Hermès -y games. ❤❤

@Buttercookiesssss

Another reason why ppl are more and more wary of second hand items is how good fakes have become and increasingly hard to authenticate. Eveb 50% off retail is a lot if one gets it wrong.

@Roxann10

Pre-loved is not worth it for me because I do not live in a state that has sales tax, making new bag prices too close to used prices for me. I'd much rather buy my LV items new than save $100 bucks and take a chance.

@NIGELNOTRENDS

There’s definitely an adjustment happening in the resale market but many sellers just aren’t ready to meet buyers expectations. I’ll be interested to see how things look in 12mths. Also I feel like the pandemic and the resale market shaped the crazy boutique price increases. I saw Gucci have their mini Ophidia in some new denim colours. AUD$1745! Greed clearly drives these companies insane. No wonder they’re reporting their profits are down a whopping 40% great topic as always Amelia

@TheGlamItGirl

Everyone is becoming resalers and I hate it. People buying from LV, Chanel, Hermes and reselling to be on their VIP list and get the gift they give out. I don’t buy off those Facebook websites anymore. Now people are up cycling LV canvas. I’ll stick to the boutique from now on.

@ellenmerkle940

I should never say, never, but, I don’t ever want to pay more than the retail price for a used bag. Even if it was supposedly never worn. I’d rather just buy new in shop or buy something else.

@wendyliss2008

So true! Take a look at the bags for under 2k on these websites. The bags are very very used and old (sometimes moldy) and very overpriced borderline contemporary and dated bags. Sorry if they overpaid for the bags…. I am not interested to buy any of them.

@lv_lover3393

Yes the retail market went crazy, and it was pretty easy to sell such ! I’ve definitely noticed a major shift when selling this year ❤

@casually.christina9008

I think the opposite is happening. I think the brands see the high prices people are willing to pay on the resale market so they up their retail prices for new bags. I’m so over the insane prices of resellers.

@Divinenubian

I love this channel and today I'm going to get a Ferragamo bag for My birthday because they are more reasonable than the brands you mentioned. I feel they are taking advantage of their customers and being greedy !

@87jallen

The only thing that keeps me from buying preloved is no warranty. I have seen people turned away from LV because they didn’t buy the bag. My sister bought a preloved and needed a repair. She was willing to pay and they said no.

@Wildunfiltered

The market is crazy. Good for buyers bad for sellers. The resellers are still trying to maintain their margins so just squeezing the seller in the process. X fab video love x

@user-sf6ig7fs8f

❤Good to find a creator with practical sense of the market, not wishful thinking ❤

@livingluxwithmeredith

I think a lot of people took advantage of capitalising on their collections during lockdown, and found they could make a lot of money on items they bought for retail. I also think a lot of people thought they could suddenly become a re-seller and make money. The tides have turned and lots of re-sellers are going under or are now doing it tough. I feel like it was a short term money maker for lots of people. Only the really good consigners will survive the turn in the market.