Tips for Getting the Best Deal When Selling Your Luxury Handbag

There is always a huge demand for pre-owned luxury handbags. If you have one sitting around the house collecting dust, then it may be time to sell it so that you can get some additional cash. When selling handbags, it is possible to earn from 60 -70% of the handbag’s original price when you purchased it. However, since selling your luxury handbag is not as easy as selling a book or a T-shirt, several factors should be taken into consideration. Here are some tips for getting the best deal when selling your luxury handbag.

Louis Vuitton Vernis

Louis Vuitton Vernis

Determine the Value

In order to get the most cash for your pre-owned designer handbag, you must closely examine the following:

  1. Condition – The more your handbag is closer to looking “like new”, the value increases
  2. Desirability – The higher the demand for the handbag, the greater the value
  3. Uniqueness – The more rare the handbag such as limited editions, the higher the value

Once you understand these three conditions, this will help you determine the price that you can expect to get when selling your handbag. To get assistance, you can speak with an expert that handles authentic luxury merchandise to help you determine what your handbag is worth. There are also resources online where you can contact others who deal with buying and selling of secondhand luxury handbags.

Get As Many Details as Possible

When selling your handbag, you should include as much information as possible to include:

  • Model
  • Condition
  • Year of purchase
  • Dimensions
  • Original receipt
  • Certificate of authenticity
  • Dust bag
  • Gift or box bag

The more information you have about the handbag, the easier it will be when you want to get the most possible cash.

Do Research

If you know the model of your handbag, it is easy to do a quick check online to see what the bag is selling for in the same or similar style and condition. By checking a few websites that sell pre-owned handbags, you may be able to get an idea of how much money to expect when you sell yours. It is also a good idea to find out if there are local buyers in your area who are willing to pay for your handbag directly. Although not always the case, you may be able to find a buyer locally who is willing to pay hundreds or even thousands of dollars more than someone online.

Consignment Services

There are services available that allow you to find someone who will help you sell your luxury handbag. However, is important to find out how much the service will charge you since some companies may leave you with only 30 to 40% of the sales price. If you choose to use a consignment service, make sure that you receive roughly 70% or more of the final sale.

If your luxury handbag is a popular item that everyone is trying to get their hands on, you will have no problem finding out how to get the best deal when selling it. However, it is important to follow these tips so that you know exactly what to expect when you decide to sell your pre-loved bag. Once you have the right information, you can be sure to get a fair price and sell your handbag quickly.