In addition to the gifts you received this year that are too big, too small, the wrong brand or color, or simply ugly, you have 2012 styles in your closet that you must trash or recycle to make room for the fabulous 2013 fashions. Yes, you could donate that outdated Kate Spade jacket, but why not make a little cash to purchase that cute Michele watch you didn’t get for Christmas?.
Luxury items are in demand online these days. Finding luxury at a discount – new with tags or gently used – is a satisfying adventure. According to recent studies by InstantLuxe.com, 71% of online consumers have already bought a luxury item and 50% of Internet users buy between 1 to 3 luxury items every year. Selling pre-owned, previously loved clothes, shoes, and accessories for both men and women is almost as much fun as winning the bid for a $40 pair of Pradas.
Ebay set the standard. There are a lot of new and second-hand luxury items on ebay.com including Cartier jewelry, Hermes handbags, Chanel scaves, and Manola Blahnik shoes. All the major luxury brands are represented on ebay.com and you can find all the trendy and limited edition items, too. Along with fashion and accessories, luxury cosmetics, home goods, you can even a Burberry sweater-coat for your dog. Ebay is easy to use as both a seller and a buyer.
Recently, ebay.com is facing competition from new online resale stores like Tradesy.com, a new way to “turn your closet into cash”. Tradsey.com where “everything sold is new again.” Tradesy appeals to a younger crowd – more aspirants than ladies-who-lunch – with goods by GUESS, J.Crew, bebe, Kate Spade and Juicy Couture. Like ebay.com, Tradesy handles all the pesky sales details for its resellers including payment, shipping and returns.
The Luxury Exchange emphasizes its authenticity guarantee for very high-end products like a vintage Hermes handbag marked down from $17,000 to $13,500. They specialize in Chanel, Hermes and Louis Vuitton, but feature Bottega Veneta, Yves St. Laurent, Balenciaga, Ralph Lauren, Dior and Fendi, too.
Yoogi’s Closet promises exquisite creations with guaranteed authenticity. Yoogi’s buys and sells a wide variety of high fashion designer shoes, accessories and jewelry. Get Gucci sunglasses for as low as $65, a Louis Vuitton business card holder for about $135, or a David Yurman bracelet for $395.
All these luxury resale sites offer variety, discounts, and an easy sales and purchase process. According to Tradesy.com, the average woman has more than $5,000 worth of resale in her closet. For the men and women who like to trade up or exchange their wardrobes for whatever is bright and new, the luxury resale sites are a great opportunity for cash and adventure.