PRELOVED LUXURY MARKET - A WAKE UP CALL!!! 📢 ⚠️
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- Опубліковано 1 лип 2024
- #prelovedluxury #luxuryyoutuber #daylesaddiction
PRELOVED LUXURY MARKET - A WAKE UP CALL!!! 📢 ⚠️
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Moral of the story - handbags aren’t an investment strategy. It’s wild to me to think that people would consider handbags as such in the first place. I agree with your sentiments - it’s time for this wake up call.
💯 don’t play if you aren’t prepared to lose!
@@DaylesAddiction absolutely, I never buy as an investment, I buy what I love and want to use. Theses are just bags, but oh what fun they are!😊
They're not a financial investment as such, they're a wardrobe co-ordination and key focus investment. The returns on investment are looking and feeling fabulous and elevating your look. This can diminish over time or continue indefinitely depending on your attitude and whether the items are classic, high quality or just classic for your style. Returns on investment are the number of times you wore successfully. Multiply by the years held divide by the price to get a return on each wearing.
@@DaylesAddiction See my post above on calculating return on investment.
@@deborahcurtis1385 love this feeling
Yes! If you buy it use it! I grew up poor. As an adult I decided one Mother’s Day to buy my mother an Estée Lauder fragrance gift set (during the 1990s), she never unwrapped it, drove me crazy, and she did enjoy perfume. So, I decided that if I buy something I will use it.
Yes it’s definitely a challenge to the mindset that using your luxury is the truest form of enjoyment rather than just owning or coveting
There's nothing wrong with counterfeit fashion products, as long as they're not fragrances, and as long as they sell for significantly less than the actual product from the manufacturer in question *hotdups* bags are awesome. Prices are all around $150.
Louder for the people down the back 🤣🤣
📣💁🏻♀️
I still love my LV reverse monogram *jklux* lutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
The moment I saw the bag*preluxs* I knew I had to have it.
La sakoj ene de *jklux* estas perfektaj kiel donacoj por amikoj. La prezo ne estas alta kaj la kvalito estas bona
When a replica is better quality than the original that costs Low why not *hotdups*
I agree with what you said in Deb’s video. And I think I have finally come around to your point of view that you’ve already spent the money, so anything you get back is a win. Great video!
Thanks Lisa, the fact we get what we do back is so amazing!
Seeing the bags behind you, and the ones that you held up, just reminded me how FUN all your pieces are 🎉
Oh thank you it’s definitely a fun menagerie!
I never buy with the thought of resale, i view all bags as a loss any any return is great, i buy bags to love them, we can't have it both ways, get the deal and same price back.
It gets on my nerves when people talk about resale as a reason to not purchase a bag… 🙈🙈🙈
It’s unrealistic to get full price for a “ used” bag even in great condition. I just purchase what I love .. I never buy a bag thinking I’m going to sell it. Enjoy the the bag for peace sake !
@@fashionandluxury101 right!
I love the deal when it comes to pre-loved ! The Gucci Sylvie was such a fabulous purchase !!
Thanks Nick I agree!
Awesome that one!
Oh yes! My two preloved were both great deals in comparison to the current rrp. My Loewe Puzzle was about 30% cheaper and my Gucci horsebit mini was 50% cheaper (it had never been used).
My friend is one of those women who can definitely afford the original version (and has it), but recently told me about a high imitation called *hotdups*
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.
I love preloved for so many reasons, it’s excitement of the hunt, it’s sometimes better quality, things you can’t buy in the shops, price is mostly less. It’s just all good 🎉 thanks for your video Dayle ❤
It’s so much fun when you find those treasures!
I'm a bargain queen and love the creativity of making a find and working it into my wardrobe. Personally the luxury experience is not what I'm after. Save yourself thousands and have a bottle of Bolle or similar at a high end restaurant and get your bags preloved!
People keep saying now that the prices on the preloved market go down and down and down, yet I cannot report that from the bag treasures I hunt. Prices are still absurdly and obscenely high. One can only hope they will go down soon as well...
You have an eye for the treasures!
The resellers are keeping a lid on consignments they accept and just waiting it out rather than reducing prices.
IMO this is a short term tactic since people will find ways around this including finding auctions, dealing with sellers directly or finding other resellers who are prepared to negotiate. I find it tedious beyond belief to scroll through a reseller's site to find the same old same old sitting there at the same old same old price.
Great video Dayle. I buy all pre-loved as I don’t have the money to shop in boutique. But I only buy new or like new condition. Someone else’s loss is my gain. I love wearing my bags and I’ve lost a bit of money when selling on but at least I got to enjoy it while I had it.
I think it’s a smart strategy - I’ve picked up some absolute crackers!
We bought these things for a reason... 🎶 let that reason be love! 🎤😆🎶💕
💃🏻👛💕
Dior is a classic example of a house w/ an incredibly coveted line of bags whose resale-"value" is horrendous. You don't buy these things to sell them.
But if you do sell, adjust your expectations 🤗
@@DaylesAddiction Exactly!
Especially for all bags other than the Lady Dior. My miss mini Dior people offer to pay just 1000 dollar even when new price is 3000. Its wild.
My bags are investments, not to my pocket but to my wardrobe it’s just a bonus that we get some money back when we fall out of love with them ❤
A very welcome bonus!
Yes I made a similar comment....
For me, pre-loved is a way for me to purchase bags I either could not afford when they were new, or I did not know about at the time, as I only started buying luxury in the last few years. Or, more recently, the fact that bags seem to be out and then gone before you can get the money together to buy them. The trouble is, most of the bags I really like...well, they're both older and probably were either not popular (and thus not around in the wild), or maybe the people like them so much, so they're not being resold, lol.
I think the current bag market makes preloved more attractive- not a huge fan of current collections but loving the preloved finds.
@@DaylesAddiction Very much this. As a woman of a big age, who does not live a jet-setter, Instagram life, if you get my meaning, I just can't get into most of the new trends in bags, and so it becomes a hunt for the really classic styles that don't seem to be much put out these days.
I’m tired of seeing the “what happened to preloved market…”. Nothing happened. Many folks expectations were ridiculous of what their used items would bring. Now I still prefer buying luxury vs contemporary but it’s not my investment strategy. It’s nice when you can get as much possible if you decide to sell but making money is not the norm anyway. I’m thrilled there are more bargains now vs the mark up on some bag that I can buy new for less. 🤷♀️
Absolutely get what you can but don’t expect or be upset that you don’t ’get your money back’ - that’s odd!
Wow Dayle…you look exceptionally beautiful in this video….i love this hair on you….the length and styling are both perfect😍🤩😊
Aww thanks Kiran 🥰
I have always mostly shopped pre-loved and it is so much better for those of us who are buying and truly are middle class, at six figures I could not for me for most things rationalize me buying luxury at full price when I can get it in almost new conditions in safe spaces that are reputable. But remember this is just my personal experience and belief for me and my pockets, I think that you should spend in accordance in your budgeting beliefs and values great video
Great points!
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.
If I want to make money on my money, I invest in stocks, bonds IRAs…buying, using and “hunting” bags are one of the things that bring me joy. If a bag is a new style and I love it (GO-14, side trunk in leather, and rose des vents) I buy it, if the piece is a vintage or older design that catches my eye, I love the hunt for the best price and best condition. Great video!
It’s so much fun finding treasures and getting a deal too! Thanks for sharing!
I saved up money for a few months to buy a ZP, but it got scratched on the third day. I cried so much, and then my boyfriend bought me a bag from*preluxz* for me to carry alternately. Anyway, there are so many bags on the street, so as long as others can't see it, I think it's fine. The thought is there.
Absolutely, positively correct Dayle! 💜🐦⬛
Loved the topic as someone who never bought luxury until August of 2023. The pandemic sent me to UA-cam and shopping for vintage Coach bags and one UA-camr straddled both vintage Coach and luxury handbags so I was introduced to luxury through her. With the death toll from the pandemic + my own mother passing away at only 70 years old in March of 2023, I started to feel the reality of mortality and thought "YOLO! If I'm only going to be on this planet once and I don't even know for how long, I should start enjoying things with the money I'm making instead of saving it for a retirement that could be much shorter than I envision". So yeah, for me the shopping and UA-cam were out of boredom from the pandemic/lock down and the dive into the deep end of the pool (luxury shopping) was spurred by a sense of my own mortality.
I’m so sorry to hear about your Mum. Absolutely live your big life today- as Connor said to me once ‘no point being the richest b in then graveyard’
Interesting, my luxury interest was a gift to myself for surviving trauma and remember beauty in life. I did bought pre loved , and got half price on my Valentino spike bags as they closed their stores . I bought two bags i regret but other than that im happy.
Love this! It absolutely blows my mind that resellers on IG try to sell preloved items for as much as I can buy something new. Why? Why would I do that? ❤❤
Exactly! And even if it's a few dollars $ less, wouldn't you prefer brand new and the "luxury experience" from the store? 🤷♀️
Me too!!
Great talk. I only plan to buy bags on vacation so I can remember them by place. I’ve got so many good ones. Hope to pass them on to my kids, my nephew their kids… I’m going to put cards inside the inner pocket of where I bought each bag and the year. Maybe a sentence of why I love it.
That’s such a beautiful idea! Thanks for sharing!
That's a lovely thought! Very enjoyable way of travelling too.
If it’s not a good deal I would just rather buy new and have the in-store experience with an SA
Knowing for sure your purchase is definitely the real deal.
Hi Dayle! I can understand why some luxury items are sold above retail on the second hand market, if they are rare and sought after. Some sellers play to gain a bonus, with the law of offer and demand on the marketplace. It does not only happen with luxury, let’s take for example the video gaming industry… However, most of luxury sellers should understand their goods do not fall info this category! Most goods loose their value as soon as you walk out the door of the boutique… The second hand market should be place to find good deals (i.e lower price for the buyer and a happy seller to recoup some money). When I see the second hand market now, with those price, sorry but I’d rather save a little more and buy new. ❤
Absolutely- it’s got to be a big saving or a rare find to go preloved for me!
Lots of great points, Dayle. :)
Love your perspective. Very thoughtful and fair points raised ❤
Thanks lovely
The prelove market seem to go back to where it was 10 -12 yr ago, where you bought a LV bag, a minute you walked out the boutique you loose 40% money on it.
Meant you had to think about it!
Hi Dayle I never purchase bags as investments (not financial one’s). Adore what I have & use them. Pls use yr bags, treat ea. day as it’s yr last & live the dickens out of it. Trust me I’m old enough to be most peeps Mum’s, we don’t get another “day” to “give it a go”. Yesterday is history, tomorrow is a mystery & today is a present enjoy. Great vlog, Ty 😘💐
PS decided not to get the LV drunk trunk after giving myself a “good talking to” LOL.
Min!!! You need a drunk trunk in your life! YOLO!!
Great points. I love a luxury bargain; yes, use your beauties!
Unless the bag is special, or in demand, then any money made is a bonus. If the seller is selling a bag that they bought 2nd hand and they still want what back what they paid for it, on a bag that I don’t truly know is authentic, it’s an absolute no. I do not trust anyone to authenticate a bag so unless it comes with the receipt, I have to trust myself to know if it’s ‘real’ and that plays into the price I’m willing to pay. A seller needs to view it as if they were buying it too because they’d look at it very differently if they did that. If you ask a fair price, you’ll get a fair price.
Great points you make, it gets a bit funny when people are being Scrooge with luxury… they are two opposing forces!
I’ve bought 4 pre-owned bags. All of them in perfect condition and with big discounts compared to new. They make up a bit for all the bags I’ve sold with huge losses.
Luxury does not «hold their value» and nobody will pay full price for a used item if you can get it new in store. I don’t buy pre-loved unless I save at least 1K USD compared to new and I don’t expect others to do it either. When that’s said some items lose more value than others and some you can’t even give away. There are brands I avoid for that reason.
Oh absolutely, I would not forgo the new expire such a teeny discount!
Spot on Dayle ❤
💕
Hi Dayle! Thanks for sharing your insights on the pre-loved luxury market. I agree that buying luxury items should be about love and enjoyment, not just resale value. Prices still seem high despite what people say, so your advice on adjusting expectations is spot on. Looking forward to more great content!
Thanks Naomi!
Great deals,love the pink Fendi peekaboo 😊💕💜
Love the preloved market!
@@DaylesAddiction me too!
Great video. Same situation happened with luxury watches. Prices of watches went through the roof.
Yes! They went crazy!
Those two bags were great deals! I have always looked at resale as I got to rent the bag for x amount of time, enjoy it and at least get something back unlike a bag from Target for example. Investments they are not!
I like that idea, the price for having access to it for a time!
You look amazing! Hair is gorgeous! 🎈
🥰🥰
I too am here for the bargains and to purchase bags I wasn’t in the financial position to be able to afford new from boutique at the time.
Yes if you aren't trend-driven this is ideal.
Dayle! The video was great, but what really prompted me to comment is to say how amazing you look: love the hair, the highlights, your eyes are popping…you look beautiful!
🫣☺️ thank you so much
Great talk dayle! I do t consider my bags as investments nor do I expect to not lose money on them if I resell them. Most things depreciate significantly with just taking them out of the store let alone Any use. Why wouldn’t a normal (not rare) bag? I think my favorite of your preloved finds has to be that pink croc peekaboo!
It was definitely a score, I was and still am thrilled!
Thanks for the shoutout love. Yes totally agree we need to adjust our expectations back to thinking about pre loved as just that.. pre loved. X
Second hand even 🤣
I could write an essay on my opinion of some of the sellers on Vestaire Collective. I completely agree with you about not having to make your money back on things you sell, and it is infuriating when people want more than retail and won't budge on the price. If I'm selling something, which I don't do very often, I make a loss, but that's fine because what I have received I can use to spend on something else. So often I get into an annoying bargaining situation with somebody, and then I just decline their offer. A few weeks later, they come back to me with a new offer more like the price I wanted to pay, but it's too late because I bought something else or I've just changed my mind. I'm not one of these people who is looking for a bargain; I just have a limited budget, so I shop carefully.
It’s an odd ethical dilemma I think, many people obviously just keen on the dollars.
In regard to the resale market, you should be careful with potential scams. I sold a diamond ring through a consignment site. I had this piece listed for US$150.00 well below what I paid for. It sold & I shipped it out. The buyer was very happy with the purchase despite the late postage. I was glad to get rid of the piece that was not serving me. The buyer was wondering what took so long with the shipping, but they did get the piece after all! The buyer could have got nothing too. The selling process was not that difficult, but it got me thinking, I do not want to do this all the time because reselling is a pain to do.
It definitely always contains risk and you’re right, that’s why sell through a consignor.
Very good points Dayle , I personally have bought vintage chanel only knowing a bag spa could make them new , but a lot of sellers are trying to get top dollar for rubbish stuff that can’t be repaired, I’m looking for a grey fendi peekaboo now so looking at 2nd hand let’s just call it what it is seriously you do not buy a pre loved car it was new or 2 nd hand , but regardless a deal is a deal enjoyed the video
Exactly- it’s hilarious the term preloved!
😂❤
Great topic 💖
Thank you!!
Hi Dayle, I love the way you presented this! I like seeing luxury as an "investment" into personal style and expression and the enjoyment of life. It's definitely not an actual financial investment tool. Preloved has been catching my eye for the unique pieces, I've lately been so tempted by the artycapucines that Amelia rose has on the preloved here in Singapore, and your Chanel sand bag! I love your taste and style, it's inspiring and freeing! ❤
Aw thank you lovely! We love the whimsy fun pieces in this little corner of YT!
Resellers and casual luxury sellers got too comfortable during the “good times” and now the reckoning has come so it’s basically just a waiting game. I’ll be sitting on Vestiaire waiting for the prices keep dropping into a range I’m comfortable with or I’ll just move on. ❤
Waiters are winners!!
so wonderful thoughts just buy what you like and joy it do want sales everything
Get the best you can!
I’m somewhat new to luxury handbags. I have a Prada cowhide tote, a YSL hobo looking bag, a Speedy B 30 and a Mono Pouchette. My strategy is collect one from each house, but to keep not to resell. I buy direct from the boutique or from resellers. I buy from resellers for Louis Vuitton due to their quality issues and the canvas seems thin. My 2015 Pouchette canvas is much better quality. So I’ll buy from trusted resellers and retail for my forever handbags. Which is all of them! Thanks for good video.
Me too! I get mine from Parallel import high brand buyers😊
I love your strategy!
Am I the only one that thinks a place like Hermes is ridiculous that they have to "offer" you a quota bag because they are so exclusive....when you can go buy a quota bag pre-loved any day of the week. Can you tell walking down the street if a bag was purchased from the store or pre-loved? Of course not. Hermes thinks people should be grateful to be allowed to spend money in their stores. That is crazy to me.
The issue for me is the super fakes. If they are so convincing then I'm not paying top dollar for the real thing. I don't do fakes but avoid buying new for this reason,
The places Connor saw in Singapore were crazy, I thought the same thing!
Totally agree with everything you've said, Dayle! I buy from luxury brands because overall I find the quality the best and items are made to last. I've got a few bags and accessories I probably won't reach for again but I'm keeping them for my daughter to use when she's much older. To me, that's worth more than whatever I'd get from selling them (profit or not). I'm hoping they last that long and then they'll be vintage ✨️😂 what a lucky girl.
Also, your hair colour looks amazing 🤩
That’s so lovely and a good reason to hold onto them.
I agree with you. Bought a preloved LV GM Neverful in great deal $600. Box tags dust bag. Perfect. I was so happy. Do your research. I’m keeping all my babies 😘
Hey Dayle when is your next cooking video!? Just asking 😁
That is a steal!! Hmm it won’t be for a while Linda…. See how I feel over the weekend 😜
A great video lovely Dayle. I have never bought a bag thinking it is an investment. I'm totally with you on this, If I do sell a bag I am happy to have at least some of my money back. At least it wasn't a total waste and just sitting there never to be used again. If I happen to make some money on a bag that is a welcome bonus. Much love . Jenni. XX💜
A lovely bonus indeed!
I agree,I'm from Japan. And #Mercari users do this alot, Even reselling stores. Even when it's damaged bags😢.
The prices not just pre-loved bags, i Phones,Groceries should have " Limits "
P.S. I adore you from Amelia's videos.
And I get my bags from Parallel import buyers of Luxury brands.
That is so odd for phones and groceries too! Thanks for sharing lovely!
LOVE YOUR HAIR :)
Thank you 🥰
My bags are an investment in joy ❤
Profits usually come from luck or a really looooong game.
Knowing they hold a reasonable portion of the purchase price is good enough for me 😉
Me too, such a great bonus to get a good deal back after using and enjoying them!
Awesome video 👌🏾🫶🏽
Your hair is so long now and gorgeous ❤
🥰 it’s certainly my grown!
I ❤ Amelia Rose!
I love both Dayle and Amelia Rose
@@jeanettenfreeland1408 same!
Underrated channel 👍🏼👍🏼
Glad you think so!
Hmmm for me different experiences! For some bags I was aware that if I decide to sell I am going to face a huge loss but I have to say second hand market has changed massively compared to 2 years ago! Like when I sold my multi colour baguette I faced a huge loss! Way more than I anticipated and I was ok with it but with my Chanel bag it hurt!!! You hear Chanel resale is good but actually now no it’s not! I don’t know I can only say I am confused! I now know that there is no rule but also the economic situation is playing a big role!
And I think that’s the point about changing our mindset and how we shop and how potentially transactional we are with our luxury. If we are going to chop and change our minds, preloved is probably a better option.
@@DaylesAddiction I agree but I still think they (I am not even sure who!) who kept telling us the only two brands you don’t lose money on are Chanel and Hermes, definitely didn’t know what they were talking about! Somehow we trusted them and yes it was a mistake!!😅
@@Lifeandluxdelights oh I could name ‘them’ but I won’t 😜
It seems silly to purchase bags as an investment. I watch some luxury content where they don’t want to actually use the bag as it may get marked and ruin the resale value. If you buy it, use it! Never using it seems like a disservice to these beautiful bags that we love. They deserve to be paraded in all their splendour.
As a side note, I always am trying to get a glimpse of your earrings. Are you still using your Canturi butterfly earrings? They are just so beautiful.
I wholeheartedly agree with you! I don’t wear the butterflies every day as they are pretty substantial but I’ll show the ears in the next video!
Doyle: Leave it to you to bring a fresh intelligent perspective to a worn out, overdone topic. Really interesting!
Thank you, what a lovely comment 🤗
I find the whole concept of reselling to get your money back so bizarre. I’ve never bought a bag taking into consideration how much I would recoup if I sold it because I buy bags to keep forever. The thought of trying to get my money back (selling what I paid or more) feels morally wrong (to me..each to their own). I would never want to buy a used bag for what someone else paid when they have worn it and stored it during the time they owned it. If I sold a bag I would have a hard time asking money for it but if it was in new/near new condition I would price it for at least half if not more than half of what I paid and if it were old/heavily used I would actually feel better just donating it instead.
I really think people need to adjust their expectations regarding selling items they have owned and used.
Yes it’s an odd entitlement mentality in my view thinking because we have made ourselves uncomfortable buying it we should be able to offset that with recouping the impact of a bad decision.
It’s like a car. Depreciation the minute you pull out of the dealer lot. I don’t get it. It’s a used bag, who knows what was in it, seriously. If I get 50% of what I paid I think that’s fair.
I try to remind myself that even when i would get very little money back from regret purchases, investing them at good stocks could actually earn me a new bags in 1-4 years, depend on the stock. But it might be better to just take the hit on " losing money" by selling the bag, the bag sitting in the wardrobe that i dont like would not increase possibilities.
Exactly! Possibilities are limited with items on a shelf getting dusty!
I heard a few UA-camrs talk about ‘hanging on’ for prices to rebound and promoting an oversimplified version of the idea that the market is cyclical. Well the market is cyclical for standardised products but these are not that…This is fashion, not crude oil or bulk wheat and barley. Demand may never return for many items and in fact the prices can continue to go south, there is no bottom. In a few years I might have to pay someone to take my pristine unused Chanel collection😂
That will be some kind of dystopian time!!
Great Ted Talk 😂
💁🏻♀️😂
It’s like the LVMH & the Resellers got together to and conspired against the consumer 😂 Also. Where’s that luxury price bubble everyone was talking about ?
😂😂
I look for second hand because I can't afford full price from store and just hope that someone wealthy has fallen out of love with their pieces and selling it for chump change so us povo folk can maybe score a bargain 😂
Ha ha it gives chump change a whole new meaning!!
Once the money is gone, it’s gone 💸💸💸💸💸 Bags are not an investment!
Exactly!!
👛
My channel has never dictated my purchases ….thats another reason….besides that I have a terrible channel 😂 ….i bought nothing during the pandemic.
You did well!!
I’d prefer Louis Vuitton from website
Nice and fresh!
@@DaylesAddiction yes
Retail therapy. My bandaide 😑
We all need bandaids!
@@DaylesAddiction exactly!
👍
Hello I hope you can share The price You got Your chanel Sanbag for us. Would really appreciate it.thank you
$7.4k AUD 🤗
@@DaylesAddiction thank you for sharing. I think this bag is one of the most iconic bags and honestly karls genius on Chanel 19s just splashed all around from the accessories to the ready to wearing bag and the runway show itself. My absolute favourite Chanel runway show 💙🌊🏖️☀️🐚
Fyi: your hair is looking devine…
Thank you lovely!
🤍🤍