Here's your foolproof guide to getting your bag on those luxury items you've finally outgrown. 💰
I’m a big believer in donating clothes and items I no longer need, but I’m also not opposed to consigning my pricier pieces. Fashion consignment has gotten a total makeover in the last few years, as shopping sustainably and buying secondhand have become high priority for millennial and Gen Z shoppers alike. Suddenly, browsing sites like The Real Real, Fashionphile and Rebag feels as glamorous as walking into the Chanel store in Soho.
The Real Real’s 2022 Luxury Consignment Report isn’t just an interesting read for any well-informed fashionista—it’s basically a guide to making $$$ selling your luxury goods. Finding out the brands with high resale values can help you assess what bags and luxury items are worth buying as investment pieces, as well as when it’s time to let them go.
And spoiler alert, now is in fact a great time to let them go. More people are consigning than ever before—and I’m not talking about older fashionistas with handbag collections they’ve been building up for decades! A large portion of people buying and selling on TRR fall into Gen Z and millennial age ranges, with Gen Z as the most rapidly-growing demo up 56 percent since last year. Looking at what they want to shop is particularly telling as we assess the year’s upcoming trends.
Of course, I’m here to talk specifics. What exactly are people buying and selling these days? Below, a deep dive into the consignment stats that can help inspire your next impulse buy or closet clean-out—plus, a peek at which brands in particular made consigners the most coin.The Top Brands To Sell In virtually every demographic, the same six brands topped the resale lists. In terms of luxury, front-runners included Louis Vuitton, Chanel, Gucci and Prada.
Baby Boomers focus less on brand name and more on item quality, consigning unbranded cocktail rings, statement earrings and the like. Last but not least, the Silent Generation includes a lot of male consigners looking to let go of suiting, from ties by Hermès and Versace to Ermenegildo Zegna suits.Which Logos Are In Logomania is a thing, but not every brand resonates with every age group.
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