WHAT IS GOING ON WITH THE LUXURY RESALE MARKET? LUXURY IS DYING? CRAZY PRICES! OVERSATURATED STOCK!

THE LUXURY RESALE MARKET IS CRAZY! PRE LOVED ITEMS SELLING AT CRAZY HIGH AND CRAZY LOW PRICES. WHAT IS GOING ON WITH THE LUXURY RESALE MARKET?
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#preloved #luxury #hermes

[@DaylesAddiction]

I think the key to understanding the preloved market at the moment is that a lot of people entered the luxury game when you could basically get your money back on many items, sometimes a little more and that became their safety net - now it’s back to normal where a second hand piece should be a better deal and people haven’t adjusted their expectations.

[@fashionandluxury101]

Great point

[@SimmomsCaramanica]

Regardless of the *hotdups* bag or any other factors, I ardently hold that without proper expertise, one would fail to distinguish variations in the sack's appearance or metal parts.

[@ZerzanLuague]

On what occasion would you wear these bags? I love your collection. Like I love my *preluxz*

[@annacarlyle6732]

This is so true, people want to get a good deal from preloved market & this is how it should be. Sellers need to realise you don’t sell majority of handbags for more than retail

[@Wildunfiltered]

Yep sellers still want a decent price and buyers still want a bargain. There is a gap in these expectations. X

[@marthaaweber]

My observation is that those people who would have purchased pre-loved has declined due to the cost of living and inflation. They have less disposable income. Buy a bag because you LOVE it, not to resell it.

[@StruiksmaRicharson]

The bags are very cute, but the Coach tabby cat is my favorite Coach style. The taupe color is also very beautifu *gtdupe*

[@KlimesStembridge]

All dat *gtdupe* bags sssssoooooooo gorgeous

[@LetsingerDebutts]

And YES, The *gtdupe* Tote! I have in Candy Pink and I've been rocking my "Barbie" bag all summer. Yay!

[@SansThissen]

kay, I’ve always scratched my head about the obsession around the *gtdupe* book totes and their practicality, but this one is adorable!! Congratulations

[@SimmomsCaramanica]

Even if I did have a lot of money, I couldn't justify spending it on handbags, and this is coming from a girl who loves bags. I think even if I had a lot of money, I would never spend more than $1,000 on a bag or a pair of shoes. Just my thoughts. Love your videos, your collection is beautiful *hotdups*

[@Chicandstylishbylena]

I think the resellers are taking advantage of people, both ways, the ones that sell the bags to them (they pay pennies for the bags) and the ones that buy the bags (they overprice the bags) it’s crazy!!!

[@fashionandluxury101]

Agree

[@Wildunfiltered]

Everyone trying to make a quick buck!

[@JusteTwardy]

I use my *preluxz* as a work bag and have had no issues at all. It’s a comfortable bag, fits a good amount and hadn’t lost its shape. With that being said, I also take care of all my bags and don’t carry a water bottle, pens, keys or anything that can damage the interior.

[@BrinckStevens]

To be honest. If you produce at cost and remove the logo, the luxury market really isn't that expensive. The mark is about 80% of the actual price. But the fact that you are *preluxz* buying an image and showing off your taste to make them think you are richer than you are is a very good thing to do。

[@FouhyRaelene]

As long as it doesn't promote terrorist groups, drug cartels or the mafia...supply and demand! Honestly, *hotdups* are a great product made from great quality materials, in fact I buy them often.

[@angelicacorona677]

Totally agree, Fashionphile offered me 1200 for LV POCHETTE MÉTIS BRAND NEW!I couldn’t send it back because I was out for vacation. Pochette Métis brand new, original package, payment receipt, NEVER USED! I preferred to give it to my niece

[@Wildunfiltered]

This is crazy! I’ve always said the same - I would rather give it to my daughter or a friend than let someone rip me off x

[@ParhamHeath]

Your closet is simple a dream! Not just the *jklux* bags but the ready to wear that you have is absolutely stunning.

[@BorundaQuartaro]

Now I am convinced that I bought*jklux* fakes. Luxury brands exaggerate their prices and are not worth it. Even if I had money, I would not buy them. I would rather buy jewelry.

[@VivienneKarlene]

What‼️‼️‼️ That’s insane‼️ I’d rather gift my daughter all those goodies before I accept a lowball offer.

[@angelicacorona677]

@@VivienneKarlene sure!

[@Chunkyshoesuk]

Ive been buying preloved bags for about a decade. Before covid it was great. Things were at a great price and you had time to have a think before buying. There was much less fomo. Lots of people thought preloved was icky back then. I hardly ever brought new. You had to be carful of fakes. Having a good handbag knowledge was vital. During covid buying preloved was often more expensive than buying new. People were buying up everything to resell and make a profit. It feels like its starting to go back to how it used to be and Im here for it!!

[@Wildunfiltered]

Yep we are comparing to recent times rather than to pre Covid times.

[@AudraPhung]

I know wealthy women who carry replicas. The main reason they gave is that they just understand the value of money and don't want to spend too much money on bags... so more people choose fashionable*preluxz* bags. However, they do spend a lot of money on fine jewelry and other things.

[@FoulgerBessellieu]

No matter the appearance or the metal parts of the *preluxz* I believe that as long as you are not a practitioner, you will never see any difference

[@Yeppifer]

I wonder if there is also a flood of fakes which results in a perception of increase in supply while all else remains the same.

[@GhiaNawwar]

Mi a?etis al mia nevino sakon por ?ia naski?tago ?e *preluxz* kaj ?i amas ?in. Mi mem a?etos unu!

[@Wildunfiltered]

Could be!

[@BaytonSelk]

For a long time, as the price of Chanel increased, I no longer thought I could afford it. I think I would be happy to have the *preluxz* as my travel bag and not have to take care of it. By the way, I'm sure no one will have a hard time telling the difference. Thanks for the comparison.

[@beckyf1648]

I am only a purchaser (in order to curb my own overconsumption I don’t sell anymore). But as a buyer I am more likely to buy preloved than ever before. But my “rules” for buying resale would infuriate a seller. For example I would never buy a second hand bag (even in perfect condition) for more than 50% of the original (not the current) retail price. And lucky for me more deals like that are available now! Also authentication services are better and more available than even just 5 years ago. And finally overconsumption in general and the internet means just about anything anyone would want is available at any given time so I have more leverage as a buyer to negotiate prices down further.

[@DebShops-e3v]

Becky I am with you. Better for me.

[@LetsingerDebutts]

*gtdupe* I love you so much and watching your videos makes my day brighter

[@Wildunfiltered]

Yep it’s a buyers market x

[@la4828]

I buy to use.. sold some and lost some.. but gotten to the point of just keeping whatever I have until i am old and grey and they will be wrinkly with me too..

[@fashionandluxury101]

lol me too😂

[@Wildunfiltered]

Love this! Let’s go wrinkly together!

[@LathamNedman]

For a long time, as the price of Chanel increased, I no longer thought I could afford it. I think I would be happy to have the *preluxz* as my travel bag and not have to take care of it. By the way, I'm sure no one will have a hard time telling the difference. Thanks for the comparison.

[@lingscookingescapade]

Higher quality & more accurate replicas are also affecting the resell market I think😅

[@tlisalisa8926]

Absolutely....vintage chanel and vintage LV,Hermes, dior etc are the way to go, vintage is very hard to replicate, but now even the new bags from houses many look fake😢

[@Wildunfiltered]

Yes, true

[@lingscookingescapade]

@@tlisalisa8926 Yup, and fake looks real😅

[@lingscookingescapade]

@@tlisalisa8926 Haha… yes especially Chanel & some LVs

[@annacarlyle6732]

This is why I very rarely sell my bags, I’m not going to take a small amount for them. I’ve got so many shoes I could sell but like you say, I’m not giving them away 😳💜

[@ZerzanLuague]

I really love your taste and style always so chic. My faves would be the Thank you for your recommendations.

[@Wildunfiltered]

Many of us just hang on to these items as we are unwilling to part with them for less than we want x

[@annacarlyle6732]

@@Wildunfiltered all fashions come back round again so I’d rather just keep them xx

[@Wildunfiltered]

@annacarlyle6732 totally agree x

[@Neetabeeta1972]

Yes it’s definitely a buyers market. Very much the economy, and I don’t know that the preloved market or luxury will come back any time soon, if at all. People’s priorities are changing, plus, i think the realization of many of these luxury houses are just playing the consumers like Dior and their whole scandal is making people rethink all of it.

[@Wildunfiltered]

Certainly feels like there’s a shift x

[@DebShops-e3v]

Hey Deb…really appreciate this video. You do one of the best jobs discussing the many aspects of luxury handbag collecting. Keep the vids coming.

[@Wildunfiltered]

Thank you. That’s so kind x

[@LuxDivas]

I see the problem as people who purchased the bags at a lower price are now flooding the market to make a profit. That’s why when you look there is so much inventory. It applies to Chanel mostly. Flap Bags from 2008 sold for $2500 pre-pandemic and now are listed for $8000. And the Hermes Birkin and Kelly people realize are impractical and too large for everyday. You only learn this after you own them, so buyer’s remorse and they are listed for sale. And finally the “super fakes” which makes you fear buying preloved.

[@ZerzanLuague]

i love you so much! I recently just found your *preluxz* and i’m in love!! Your videos are so fun and you energy is just MWAH! keep living your life

[@Wildunfiltered]

So true. Those of us who bought classic flaps at £4K see that they are now over £10k and expect to get more than the original £4K spent as we compare to a new one etc. However in reality it should go for less than original price being preloved.

[@ceciliabrown3301]

It's not just bags but everything. People are very careful with money these days. I used to sell my unwanted designer stuff and could make more than £1000 a month, now I'm lucky if I make £100.

[@Wildunfiltered]

Wow. Thanks for sharing x

[@heysaras]

I’ll believe there’s a slowdown in the resale market when I stop seeing used items priced above brand new items that are still currently available from the brand.

[@Wildunfiltered]

Yep there are still some crazy high prices being asked. However have they sold?

[@carolinec6595]

I bought a Louis Vuitton Eva on eBay; it was from a Japanese seller. When I received the duty bill it was double of what it should have been. DHL said that the bag was shipped from India. The Japanese seller continues to lie about the shipping location. eBay is absolutely no help: an A.I. bot told me that it didn’t matter that the bag was sent from India. It absolutely does matter: I counted on shipping duties from Japan. I’m ONLY ever purchasing from US sellers from now on.

[@Luvluxbags]

Yes that’s true a lot of sellers change their location to Japan. The best way to know is if the seller is in Japan and if the item is over $500 US dollars and has eBay authenticity guarantee then it’s from Japan. If over $500 with no eBay authencity guarantee, it’s coming from somewhere else. eBay authencity is available only from US, Japan and Europe I believe.

[@Wildunfiltered]

Ooh thank you for sharing x

[@bini5576]

Yes, I agree. I've been selling a lot recently, especially via VC. It takes a little longer and the sales fees are getting higher and higher, but if you're patient and enter fairly, you'll get what you want.

[@Wildunfiltered]

Patience is key x

[@lv_lover3393]

Definitely can depend on what you’re selling, with the last 2 I sold one got snapped up instantly the second took such a long time but eventually went ! ❤

[@Wildunfiltered]

Yep it def does depend x

[@roseyscott3811]

I have been watching the resell market, and definitely Chanel classic flap prices are coming down.

[@Wildunfiltered]

Ooh interesting!

[@vonnie1999]

Many of us have to remember we are selling for a loss to resellers. The days of selling for a profit and/or breaking even are few.

[@Wildunfiltered]

Yep very true x

[@ThekimG313]

I have a new found love for all of my bags. I’m keeping them for the fact that I’m kinda over spending ridiculous amounts of money on new ones and I’m so glad that I’ve always been strategic about not following trends. 😊

[@Wildunfiltered]

Love shopping our own wardrobe. X

[@YadiraStyle]

I find myself currently holding my collection because I am happy with it. I have purchased preowned this year and it hasn’t been the best compared to prior preowned purchases in past years.

[@Wildunfiltered]

I’ve been a little disappointed with some pre loved purchases too x

[@lolipena8051]

i dont think it's drying, i think it's slowing down because the prices are way too much or close to retail. and those that have bought in the preloved market like myself are putting or money elsewhere or don't have disposable income anymore.

[@Wildunfiltered]

Yep even pre loved bags are being sold a few times over. Each person wanting a decent price x

[@ThekimG313]

I’m seeing the same issue with the pricing being too close to retail. And these larger resellers are lowballing people who want to sell their items. They must think we’re desperate and crazy!

[@lolipena8051]

@@ThekimG313 right! i would rather keep it.

[@HereIGoAJen]

I love your videos. Thank you for such great and positive content. I haven’t purchased preloved online but I did quite a bit of vintage shopping while in Tokyo a few weeks ago - which I thoroughly enjoyed and will definitely do again next spring when we go back. Even my husband enjoyed the process which made it even more fun. I went with an open mind and was able to get everything I wanted (plus one I didn’t even know I wanted but couldn’t resist the price). For me it was as much about the process as the purchase.

[@Wildunfiltered]

Thank you so much. That’s so kind. Thank you for sharing x

[@buntyjoy1800]

An over saturated market mixed with less disposable income, also luxury needs the idea of scarcity for desirability.

[@Wildunfiltered]

So true x

[@fashionandluxury101]

I think it’s unrealistic to expect close to full price in a “ used” item. Even if it’s in perfect condition. Why would I pay full price for an item when I can get it at the store and have a full experience with a store “ purchasing history .” I think sellers tend to be a bit greedy with their expectations. That being said, one can be reasonable and get a “ fair” price for an item.

[@Wildunfiltered]

Totally agree with this. We as sellers have been greedy expecting too much for our bags whilst buyers have also been greedy asking for bargains - creating a gap of expectations. Stalemate where sellers won’t let items go for that price and buyers won’t buy at that.

[@fashionandluxury101]

@@Wildunfiltered Totally agree with this statement .

[@Mouc_2021]

i have very extensive bag collection.. there are few bags in my collection that i dont use at all so thinking of just selling them.. but now the market is so bad, so will let for the mkt to be better again.. also because of of inflation, its hard to buy any new bag without selling some from existing collection. its not that we have unlimites fund

[@Wildunfiltered]

Yes I agree prices are so high now we sometimes need to sell items to keep buying x

[@Rachel-d-hayes]

There are still those who desire to have their first luxury item out of pure love for the brand. I wanted an LV for so many years. The pre-loved market does allow for those type of dreams to become reality.

[@fashionandluxury101]

Agree 😊

[@Wildunfiltered]

Very true x

[@cocolsls]

Advice: Best to keep them rather than resale, whether you purchased them preloved or retail. I sold a few luxury SLG & bags before & actually regretted selling some of them away (I needed to clear them away for spaces.)

[@Wildunfiltered]

Thanks for sharing!

[@lindathompson5099]

Deb seller markets are finding hard to sell. Even in the US!

[@Wildunfiltered]

👌

[@narelleberes5809]

Thank you , really good video. Oh , your lipstick is a great colour on you. ❤

[@Wildunfiltered]

Thank you so much x

[@eleawanis1732]

Omg it’s a joke right now ! I tried selling Chanel medium black caviar classic flap excellent condition to fashionphile! They offered me 3200$ it’s 11,000 in store I think. It’s crazy. Definitely not selling anything at the moment.

[@Wildunfiltered]

Yep it’s crazy! Just hold fire and keep it x

[@daliaa5294]

I don’t think selling is a major issue. Maybe we should just buy what we need and keep them . Or be careful of what you buy

[@Wildunfiltered]

So true x

[@LotsofWhatever]

Some, like Sophie Shohet, have shifting priorities. I have seen videos of the storage of Fashionphile and they have A LOT of bag stock. A lot.

[@Wildunfiltered]

Yes they really do. Tons of stock x

[@thehandbaghousewife]

I probably missed it, but have you sold your Fendi baguette & Fendigraphy bags?

[@mr.ryan.nguyen]

She did.

[@Wildunfiltered]

Yes I did in the end x

[@fv64]

I reckon it's because the selling prices for new bags are too high now. If you sell your expensive bag, you of course get relatively less for the bag now, than in the past, when the prices for new bags were more reasonable.

[@Wildunfiltered]

Yep everything is relative x

[@livelovely4681]

It’s the luxury “consumer” cosplaying resellers. They’ve completely ruined everything for everyone with their greed and lies. I wish things could go back to how they used to be. Inflated prices, luxury KZbinrs lying about being resellers, bag limits, unnecessary spending, hoarding handbags, i mean the list just goes on.

[@Wildunfiltered]

Can you elaborate on what you mean by consumers and KZbinrs being resellers? X

[@drcandybonsu995]

Well I can tell because some popular resellers who use to have high prices have reduced prices and recently had a sale .. never seen that before😢

[@Wildunfiltered]

Ooh which ones have had a sale? X

[@drcandybonsu995]

@@Wildunfiltered redeluxe had a sale a week or two ago, consign times etc

[@IMOO1896]

Well, there goes my resell, I guess I waited too long.

[@Wildunfiltered]

Timing is everything

[@disneytakeshugedix7463]

Hermes 💩 no longer sells direct to their customers that used to buy Hermes 💩 handbags 👜 but they prefer to sell to grey market dealers and they ask old Hermes 💩 customers to buy from those resellers ! So no thanks 🙂‍↔ I now buy Dior ⭐ handbags 👜 for my wife where they treat me like 👍 how Hermes 💩 used to treat me ! For my wife, no effect she has enough Hermes 💩 bags 💼 so she has now started her collection of Dior ⭐ bags 💼! Sigh 😮‍💨

[@Wildunfiltered]

Dior def have a wonderful customer service. Yep I often wonder where the resellers get all their bags from. X

[@MaryannCn]

I’m pretty new to luxury bags, retail or preloved. I waited and invested my money first. I look at the prices now and simply won’t buy some of them. It’s ridiculous. I’ve shopped consignment/thrift stores since I was in high school (a long time ago). I don’t buy anything “preloved” unless it’s 40-50% less than retail. Tbh most of the time it needs to be even more off than that. I’m rolling the dice on whether it’s a fake, a stolen item, damaged though the pics don’t show it, will I really be able return it if there’s an issue, etc, etc, etc. So I’m not taking on all that risk for 10-20% off retail price. No thanks.

[@Wildunfiltered]

Yes some very interesting points here x

[@Restless318]

thank you info

[@Wildunfiltered]

You're welcome

[@adasollystyling]

Very interesting

[@Wildunfiltered]

🙏🏻

[@jedrzejowskia]

I hope everyone is aware of economical cycles. Also trends. Ive been able to snap up amazing deals on fantastic quality goods, handmade, coutoure etc. For small change, i mean 5 eur/10eur per piece. Just because some people have no clue what good quality is nowadays, just what brands are in. I am also extremely stubborn and also very patient. If an item is not the right price for me. I have a budget, its a tiny one! And i will stivk to it 😊 please everyone also remember,physical goods are NOT an investment. Never have been, never will. Please have a look at 100 year old shoes😂 yeah a museum might have them but there is litterally no value apart of the emotional in physical goods. Edited to add: so if you love something and can afford at that price, why not get it? But dont expect someone else to have that same emotional attachment to pay the same😊 Thanks for reading my rambling if you got this far😂❤

[@Wildunfiltered]

Love this! X

[@thebigh9324]

I think the cost of living has forced people to re-priorise what is now left , if ANY , of their disposable income , and they are focusing more on experiences rather than on luxury goods . I love my bag collection , but have found that after another hard earned splurge there is nothing left for anything else and it seems like precious life is passing me by ! I don't regret my purchases, love and use every one , but there has to come a point where enough is enough ?!! I still love to see what's out there , and always have a new beauty on my watchlist or sitting in my basket , and although I want to get to a point where my collection is complete in my mind the truth is there will always be JUST ONE MORE !! I'm not saying we should do anything drastic like suddenly sell all our collections , I think that trend is wasteful and ridiculous , but maybe start to recycle more and maybe reduce our overall consumption , less is more and all that ?!! 🤔😉 Another great video , my sweet 💓 Love all your content 💋💋 x

[@Wildunfiltered]

Thank you so much. Some very interesting points here x

[@thebigh9324]

I think designer luxury goods are now more affordable than ever , thanks mainly to the preloved market , it's the cost of things like food and energy that have become disproportionate . It's getting to the stage where we are now starting to get the same kind of anxiety going into the supermarket to do our weekly shop that would have once felt going into a fancy boutique like Chanel or Dior !! The income of the middle ground , this previous high earners - big spenders has been diminished ! Love 💗 all your videos 😍 , keep up the great content and have a cracking week , hopefully of sunshine and joy 🙏💗💋xxx

[@laurafagan5524]

The internet has destroyed luxury.

[@Wildunfiltered]

In which way?

[@marlenepopov8469]

Wealthy people are not the ones buying these used bags. They can afford to buy new bags. Luxury is not buying somone else's used items. The lower to mid middle class are the ones buying these bags. The world is changing and the middle class is disappearing. They're finding it harder and harder to live at the standard of living they've been accustomed to. That is why the resale market has been hit.

[@IceCream-hp7mm]

Wealthy buy second hand just as much, from handbags to furniture, but they look for premium pieces, that’s why places like 1stDibs exist. But what brands have miscalculated is that even in luxury volume matters and their volume comes from a middle class with disposable income.

[@marlenepopov8469]

@@IceCream-hp7mm I've never seen any wealthy person I've known in my entire life buy second hand aside from antiques. 1stdibs may have a few wealthy people on it but they're selling, not buying. The ones who can't afford retail price are buying.

[@IceCream-hp7mm]

@@marlenepopov8469 the wealthy can hold off on selling until the markets pick up again, it’s the ones who need to get their liquidity back who are selling now.

[@rilethomp]

​@@marlenepopov8469in the states I once saw a news report that did a study of the most common car owned by suburban millionaires. Was it Mercedes, Audi, etc? Nope. It was new or gently used, Toyota Camry. Kinda makes sense, most wealthy people are wealthy because they are sensible.

[@marlenepopov8469]

@@rilethomp That is not the norm among the wealthy. You can technically be worth a million dollars but not be wealthy. Being worth a million dollars now is not the same as being worth a million dollars and living in the suburbs years ago.

[@itsme-nt2lj]

Beanie Babies Investment craze 2.0

[@Wildunfiltered]

Yes!