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Where to Buy Secondhand Designer Bags

We know designer leather goods such as handbags are popular, as they are an aspirational product for first-time buyers, easy to buy online, and yet relatively scarce in the traditional offline retail channel.

The characteristic of luxury goods as a long-lasting status item is making them highly attractive to buyers in a secondhand market. And, according to Deloitte’s Global Powers of Luxury Goods 2020 Report, the secondary luxury market is forecast to increase from approximately A$20.6 billion in 2018 to A87.4 billion in 2026.

But, where should you buy a secondhand designer handbag? Over the last few decades, e-commerce companies have sprung up to offer fashion fans the ability to purchase these covetable styles.

Some of the advantages of buying luxury, pre-owned designer handbags: It eliminates the wait time, it is a far more sustainable practice, and, in most cases, the prices are more affordable. That said, buyers have to beware: Fakes are pervasive. And it takes research and a well-trained eye to spot the difference. Here are our top picks.

Luxury Garage Sale

Founded in 2011, Luxury Garage Sale offers a collection of authentic, pre-owned pieces from the world’s most beloved luxury brands. The e-commerce platform has an extensive inventory from brands like Chanel, Louis Vuitton, Hermès, Christian Louboutin and more which is updated daily.

Each item is verified by expert in-house staff, to ensure all items are of true authenticity before being sold online. The Luxury Garage Sale also offers the service of its fashion stylists, which are there to assist customers with styling tips and recommendations.

Website: luxurygaragesale.com

Rebag

Since founding Rebag in 2014, CEO, Charles Gorra says Rebag was designed to offer customers transparency and a swift transaction when buying or selling secondhand luxury items.

“Rebag was designed to offer simplicity, transparency, and immediacy—factors that luxury owners expect from a luxury brand. Unlike consignment or peer-to-peer alternatives, we buy items outright with quick and up-front payment. You can get an instant offer online or visit us in stores to sell in less than an hour for cash or Rebag Credit.”

Charles Gorra, CEO & Founder, Rebag

When buying secondhand luxury goods, the most important things to be conscious of is the authenticity and the quality of the pieces you buy. Rebag makes this process simple, thanks to its vigorous process of quality control of each item, before appearing on the luxury marketplace with Rebag. Rebag listings are very thorough, as the platform offers a detailed condition-grading rubric that not only summaries the overall quality of the bag, but outlines every bit of wear and tear that the item may have.

Website: www.rebag.com

The RealReal

After its launch in 2011, RealReal today has three physical stores in New York and Los Angeles and is one of the leading online luxury resale sites for luxury secondhand goods. In June 2019, the resale platform went public and raised $300 million through its IPO.

The San Francisco based e-commerce platform has a premium selection of luxury goods and a team of over 100 plus experts that authenticate all the consigned luxury pieces from brands such as Chanel, Louis Vuitton, Gucci, and more.

With a large selection of secondhand designer handbags, the RealReal also stocks shoes, apparel, accessories, and even home-accessories and fine arts at up to 90 per cent off retail prices.

Website: www.therealreal.com

StockX

StockX is a bit different to the other e-commerce platforms on our list. StockX functions more like an auction stock market. Buyers place bids, sellers place asks and when a bid and ask meet, the transaction happens automatically and live on the website. You can even track price fluctuation history. Buyers and sellers remain anonymous.

Popular for its premium selection of streetwear sneakers such as the Nike Jordan’s, SockX also stocks brands such as Louis Vuitton and Rolex. Sellers also offer rare and exclusive pieces from limited collections, such as Supreme drops, to make a profit. It plays on the scarcity of sneakers and other items that are highly popular.

Website: https://stockx.com

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