Do you revel in owning luxury possessions but find you need to move old pieces out to have enough room – and enough cash – to keep new pieces from fresh collections moving in? I know how you feel! Sometimes, there’s no finer feeling than holding a gorgeous new handbag in your hands, or wearing a gorgeous new necklace and earrings. But when you’ve loved those luxury goods and need new finds, why not use your gently-worn and used pieces to bankroll the new?
It’s easy to do. Often, all you need to do is take a few photographs and mail a few packages. Think you can handle that? Then read on to discover what you can sell and how you can make money selling luxury handbags and jewelry! (And other items, too.)
What You Can Sell
Generally speaking, you can sell almost anything designer. Here are the most commonly accepted items:
- Women’s Fashion
- Men’s Fashion
- Kids’ Fashion
The two most important aspects of your item are condition and popularity. If your handbag has been too badly worn and has misshapen handles, scratched and torn lining, bald patches where embellishments should be, etc., it’s not going to be bought or accepted for consignment. Likewise, jewelry that is broken or missing gems likely won’t win you any sales. Hand-in-hand with the condition is how desirable an item is: you’re simply more likely to sell designer brands that are popular from popular collections.
Where to Sell
The sites below provide legitimate outlets for you to sell your gently-worn and used luxury items.
Bag Borrow or Steal is an interesting shop, as it lets you rent items as well as purchase them. If you're looking to sell your never used or gently worn luxury handbags, you can either sell it to them outright or consign it. They also take jewelry, sunglasses, watches, and other accessories. Shoes, too!
The procedure to get started is straightforward: take photographs of the bag in question and submit them. They'll get back to you with a price quote or an idea of the consignment payout. If you accept the numbers, they'll send you a free shipping label so you can send them your items. Once your handbag passes their final inspection, you'll get paid if you're selling outright.
If you're doing consignment, you'll get paid 70% once your bag sells. They pay via PayPal, check, or store credit (the last comes with a 10% bonus).
This site has an A+ rating with the Better Business Bureau.
Couture is another great place to sell your lightly-used handbags, jewelry, and other accessories. They also accept apparel and shoes, and even sport a menswear section. Use their site's quote request form to send them all the details about your items on offer with the usually expected photos. They respond within 48 business hours, send you a pre-paid label (as long as the potential worth of your items is over $500), and pay you once their pros have confirmed your items’ condition and authenticity.
For direct sales, they pay 60% on an item worth over $300, and 40-45% if it's worth less. If you're consigning your luxury items, you can receive up to 75% of the sale price.
A+ BBB rating.
LePrix isn't just an online consignment shop – they work with a network of certified boutiques to provide a widespread and varied marketplace. If you'd like to consign your luxury items with them, they prefer you take your items to one of their certified boutique partners near you, likely so authenticity and condition of your items can be immediately verified.
If there’s no location near you, you can enjoy their white glove consignment service by requesting a kit. They'll give you a pre-paid shipping label and provide more information about selling with them upon request.
Odds are, you’ve already heard a lot about Poshmark – they're a popular and easy way to sell your gently-worn fashion clothing items for women, men, and kids. They also accept handbags, new makeup, and even some home goods.
Using their app, you can take a flattering photo with your smartphone and list your item for sale in minutes by writing a description and setting your price. Poshmark provides pre-paid shipping labels as well, protects payments for both sellers and buyers, and provides an opportunity to join in a Posh Party to get more eyes on your items.
The Real Deal Collection focuses on handbags and luggage – they also accept leather items like coin purses and wallets, alongside unworn shoes, accessories from belts to scarves, and jewelry. It does appear that they only accept items from certain designer brands, however: those brands include Alexander McQueen, Balenciaga, Cartier, Dolce & Gabbana, Gucci, Jimmy Choo, Louis Vuitton, and more. You can view the full list of 40 brands at their site.
Selling with them involves shipping them all of your items with a signed copy of their selling agreement. They permit you to sell your approved items in three ways – directly to them (they only accept items that have a resale value over $75), to them for store credit, or on consignment where you keep 70% of the sales price (they charge $25 on top of that, and will only accept items that resale over $500).
A+ BBB rating
6. The RealReal
The RealReal, not to be confused with the Real Deal Collection above, trades in both handbags and jewelry, along with watches and fashion and accessories for both women and men. They'll also take men's sneakers, along with home decor and fine art. They accept luxury goods from many designers, though at this time they list their top designers for consignment as Chanel, Hermes, Louis Vuitton, Gucci, and Prada among others. You can see the full list at their site.
If you'd like to consign with them, they offer in-home pickup in over 20 cities; you can also do the usual shipping with a prepaid label. Their team will authenticate and grade your items, and then you get paid when you're item sells. The commission varies between 40% to 85%. You can also get additional benefits by consigning with them repeatedly.
A+ BBB rating.
Rebag is all about your used designer handbags – they accept your gently worn bags from 43 designers, such as Burberry, Chanel, Hermes, Louis Vuitton, Prada, and Versace. After taking several clear pictures of your used items, and highlighting any damage, you can submit the photos to them for a quote. Online submissions typically mean it'll be 1-2 business days before you hear anything.
If you like the quote they send you, you'll ship your bag to Rebag and get paid after they've vetted your handbag and accepted it. They pay via check, ACH, or Rebag credit. (If you choose store credit, you get 10% extra on their purchase price – for you handbag lovers, remember that!)
A+ BBB rating
Tradesy also allows you to list items from a smartphone app – and they even remove the background from your photos in order to make your items pop more. You can list your handbags for free, writing your own description (Tradesy also provides examples to help you along). Their main categories include clothing, bags, shoes, and accessories – they also have an entire wedding section, and a separate section grouped by designer.
Tradesy takes a cut of $7.50 for items that sell for under $50; for items $50 or more, their commission is 19.8% of the selling price. Shipping and sales or promotions they run can also affect your earnings.
B BBB rating
Worthy is one of the best places to sell your jewelry – including diamond jewelry – online. They take everything from rings and earrings to necklaces and bracelets. Watches, too. You can get an idea for what your piece might be worth by checking out their current auctions, then send your jewelry to them for grading and auctioning. Shipping to them is always free and items are insured up to $100,000 in transit. They include a Seller Protection Guarantee of $1M, and handle all payments for you. They keep 5% to 22% of the sales price depending on how much your jewelry sells for – the more it makes, the less they keep.
A+ BBB rating
List to Sell
Some of the sites listed above take your luxury goods and put sales listings together for you. That means that they handle taking photographs of the items, writing descriptions that are designed to sell, and setting the price based on their own market research. You don’t have to do anything but ship your items to the seller and then (eventually) get paid.
Others require you to do the listing on your own and, for these sites, it’s important that you pay attention to what helps an item to sell. Do your own market research – check out how other sellers word and construct their item descriptions. Look at what similar items to yours are selling for. Examine how other sellers take photographs, and use quality lighting when you take yours. Taking the time to do these things will give your item a much better chance at netting you some serious cash. You’ll be glad you did when your handbags sell.
Inspired to go closet diving now? Do it! Pull out those handbags and more that are just so last season, and turn them into funds for something fine.