Top 11 Sites To Buy Pre-Owned Luxury Items

How can a person be luxurious, sustainable, efficient and economical? One must think that, incorporating all these 4 essential aspects would be close to impossible. This is where sites that sell pre-owned luxury goods come in. They provide the feel of luxury, efficiency and sustenance in half the price!

Although this concept wasn’t popular before, its gaining light since everyone wants a Rolex or a pair of Gucci Slides to show off on their social media! There are thousands of these desirable items present on these sites that make you feel fancy and a part of the Upper East Side! There’s no better way to obtain these quality verified goods. The added advantage is that, if you have any clothes or items lying around that you do not use anymore, you could sell them on these sites in return for cash. Secondhand luxury market is booming and how!

Here’s a list of the top 11 sites you could surf to get your hand on the most dazzling and opulent items previously owned by celebrities

1. Vestiaire Collective

Started in 2009, this company aims at giving your wardrobe a second life. Inculcating a smart yet sustainable approach to fashion, this Parsian company has over 9 million voguish members around the world. Relying on their authenticity, they make sure that before shipping, each and every item goes through a quality check to make sure that the consumer gains that piece of luxury without any grievance. This authenticity has made them raise a whopping 64.2 Million USD to expand, beating the economic crisis. The carefully selected portfolio of Vestiaire Collective offers a huge variety of indispensable pieces (sourced from around the world) from almost every leading company, such as Dior, Givenchy, Gucci, Hermes etc. Whether it’s a Dior handbag or a shining Rolex, this is the site to be on.

2. The RealReal

The company, founded in 2011 by Julie Wainwright, exclaims how this site is the biggest online marketplace for the buying and selling of pre-owned luxury items. To verify their authenticity, they have appointed gemologists and horologists to reassure their buyers that everything sold is RealReal. With their concept of prioritizing quality over quantity, the company has earned 208 Million USD in revenue in the last 2 years. Even though their stocks had dropped due to certain lawsuits and false accusations, the company has re-emerged and found its way to the top. With new luxury brands collaborating with them on a daily basis, this company can be your way to get that Birkin for half the price!

3. Rebag

Known for selling pre-owned luxury handbags, Rebag is the name that pops up in everyone’s head when in need of one. The CEO Charle Gorra, spent a brief time working for Rent the Runway, and it helped him realize how the marketplace is vacant for an organization pertaining to sell pre-owned luxury handbags that would intrigue millions of people. If there are people who wish to sell their handbag, their fresh tool named Claire, helps them get an idea of how much their handbag is worth of. This attracts people to their site, and increases its revenue and engagement. One of its policies that attracts the public includes the return of an item within 6 months of its purchase. Recently, they managed to raise 25 Million USD to expand to 50 new stores, which clearly indicates their accountability and sales. Gaining trust from the public is a difficult ordeal, but they have managed to pull through.

4. The Luxury Closet

Dominating the Dubai luxury marketplace, The Luxury Closet has it all. Owned by Kunal Kapoor, the platform provides a wide range of luxury brands such as Louis Vuitton, Chanel, Cartier, Rolex, and more designer handbags, shoes, watches and jewellery. It works on an approach of consignment, and therefore doesn't invest in inventory. To date, over 2000 items have been sold, with the priciest item listed at $37,000.Earning double digit figures monthly, a customer can buy items here without any hesitation. The company recently closed in on 11 Million USD as it intends to expand business outside of the Arabian Gulf.

5. Luxury Garage Sale

Founded by Brielle Buchberg and Lindsay Segal, LGS is a customized, high-fashion shopping experience and consignment boutique fused into one. They sell fantastic products through physical stores, numerous online distribution outlets from external parties, and an emerging online LGS shop.

Situated in Chicago and Dallas, they provide authentic pre-owned items from Louis Vuitton, Christian Louboutin, David Yurman and many more. Like all other brands, they strive to be kinder towards earth and promote sustenance by reducing the concept of fast fashion.

6. ThredUp

While other brands focus on profitability and sustenance, ThredUp mainly focuses on saving the plant.

With over 35k brands, this company re-sells the items at up to 90% off the retail prices. They include local as well as luxurious brands. From Gap to Gucci, they have it all. They are redefining resale with the main aim of making sure that the coming generation first hand thinks of second hand. If you are looking for cleaning your closet, think of ThredUp, they will take them off of your hands and pay you for it! It’s a win-win situation. 56 Million Women bought and sold items from this company in 2018, that’s almost half of the entire female population of the US! It is high time people take climate change seriously considering fashion contributes to a major lot of it. With ThredUp you would actually be making a difference, so hop on and do so.

7. Tradeasy

Tracy DiNunzio was selling used wedding dresses from her bedroom for any occasion. Now her company has progressed toward women's fashion and its worth over $100 million. The proudest accomplishment of this website is its return policy. If you don’t like the quality of the item you purchased, then at their cost, you have the option of returning it to their head office and getting reimbursed. The website also has a 'Tradesy Closet Concierge' which allows you to take advantage of specialist advice and take away cash products from your designer.

8. Collector Square

Founded in 2013 by Artcurial Group president and founder Nicolas Orlowski and Loïc Bocher, Collector Square has been the European pioneer in the second-hand digital competence of luxury bags, watches and jewellery. They pride themselves on making sure that each and every order gets shipped in 24 hours of it being placed. Being bilingual in nature they receive 30% of their earnings internationally. The platform with an average basket of 1,200 euros (£950), which reports 500 transactions per month, also stands out for its LuxPrice index; a method built internally that gathers data from auction houses across the world. This helps them understand which item is a public’s favourite and try to scout them out from every corner.

9. Confidential Couture

This company has changed the mentality behind pre-owned for millennial. At first, they wouldn’t even think about it, but now, that’s all they talk about! Anvita Mehra’s Confidential Couture is India’s first authentic website that conducts the sale of pre-owned luxury items. The venture offers buyers a wide range of coveted and exclusive brands including the likes of Louis Vuitton, Chanel, Fendi, Prada and Hermés from those seeking to offload them. With more than 10,000 new visitors per month, Confidential Couture has built an unique space for itself in the hearts of its customers, adding a formidable new dimension to the Indian luxury segment along the way.

10. Fashionphile

Founded by Sarah Davis, Fashionphile has worked hard to become the largest online reseller of pre-owned luxury handbags since 1999, constructed on a foundation of her love for fashion and aesthetics. With a rigorous checking process, they make sure that every item that is processed is authentic and worthy of being shipped. Fashionphile is also working through in-house innovations to bring the human element into digital form. In development, there is software that the company says can currently locate counterfeits using micro frames in three popular bag classes with 100 percent accuracy. This helps in gaining the trust of the public and making them more worthy of being used. Its revenue is ranked first when compared to its competitors, showing how reliable and bona fide it is.

11. What Goes Around Comes Around

Referring to the name, the only thing this company doesn’t consist of are shoes. According to them, it is bewildering to find the perfect quality pairs to re-sell considering how every other item checks all the boxes. This approach of theirs has resulted in them marketing themselves by the exclaiming how they have all the items from head-to-ankle. "One of the main reasons that we've lasted so long as we continue to have this incredibly curated assortment," explains WGACA Vice Chairman Frank Bober. Their meticulous detail is what sets them apart. The one aspect that makes this brand superior to others is their experience, as they recently celebrated their 25th anniversary. This experience has helped them identify future trends that will take the luxury industry by the storm. Even though they have branched out on various social media platforms, they emphasise on having physical stores because according to them, ’’the luxury customer is trained to shop in stores, particularly on the ready-to-wear side of the business" So, if you’re looking to buy from a well-known vintage brand, this is the site to check out!