FASHIONPHILE WANTS TO BUY BACK MY LV...& they're offering HOW much?? Luxury bags AREN'T investments!
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- Опубліковано 6 вер 2024
- I was a bit surprised to get the email from Fashionphile saying they wanted to buy back the Louis Vuitton bag I'd bought from them a few months ago, but I was more surprised by their buy-back offer. Well...maybe not surprised, but definitely disappointed. It does strike home the point about how these luxury things we love aren't investments (with a few exceptions). So might as well buy what you like!
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The only “investment” is in how these bags make us feel emotionally. That is the only “investment.” Agree with everything you are saying. Sometimes FASHIONPHILE is even above retail and people don’t know they can email concierge at LV and get the item at retail with some patience.
people who buy above retail have a few screws loose
Concierge at lv what do you mean
So true why pay above retail? Great point
@@hollygrace6814 lol I agree
@@Gotchalaboom yes you can contact their concierge and they will order it for you!
Agree 100% .Buy the bag because it gives you pleasure. Only one making money off these bags is LV.
Great point. I agree real estate and stocks are investments. Not my handbags. I buy them for enjoyment. If they no longer suit me then I will sell for a fair price that the buyer and seller can agree upon
The best way to do it, I think!
I agree 100 percent
I have had offers from Fashionphile to rebuy my bags. I agree it is a loss. I buy my bags for me. Handbags like cars are not investments. Their value usually decrease as soon as you walk away with them. There might be some profit if you bought a bag awhile ago and it went way up in price, but you are not going to get market value to resale the bag. People need to get away from that thinking. You make a good point.
Thank you so much for watching! I agree with your points completely.
all my bags i dont want to resale at all... no matter what people have offered me for my bags...
@@helena3631 LOL true, I bought them with the idea of reselling but then get attached. I have however mainly bought preloved bargains so should be able to resell when I need to.
I only buy what I love and will use. I brought my Fendi bag in 2011 and used it for 10 straight years!!! I loved this video!!! ❤
Thank you! That’s the best way to shop 😊
tis s why your better off getting it 2nd hand for a better price
sice it is over pricd now.
I am very selective about how I choose all my handbags. Everything in my collection is well-suited to me and I adore each and every bag. I’m not looking to sell anything but heaven for bid something happened it’s comforting to know that I could get at least some of the money back.
I think that’s the best way to go about it. Buy what you love and what works for you. And it’s definitely nice to know you’ll be able to recoup some money if you ever have to sell it! I was mostly talking about “investment” bag buying.
@@classicswithaquirk buying a bag with the intent to get very little use per wear and then resell isn’t usually a good plan. Even with brands like Chanel and Lv in order to see a small profit you have to have brought the bag and then wait years and years to sell.
Very true!
All things material that we use or wear decline in value except property. Very rarely are handbags investments. If we buy a bag and keep it in the closet for 20 years and don't use it, it probably has increased in value. Salespeople say bags are a good investment to get us to buy them. Truth is buying bags is an emotional purchase. It is based on a feeling. A few days ago I sold back a bag to Fashionphile. I received 75% of what I paid for it and got a 10% bonus because I chose to get a store credit instead of cash because I wanted to buy something else. Business is business. I can choose to do their deal or not. I buy and sell from them a lot. I live about 5 miles from their main showroom. If I have kept and used the bag for a year and now I am tired of it I sell it back to them. It's a fun process. How I justify it is I rented it for that period of time. Fashionphile is a reputable business and I trust them. We can choose what ever we want.
Oh absolutely. I wasn’t trying to bash FP for their buyback program. More, as you said-these aren’t investment purchases, they’re emotional ones. (Or I think they should be anyway, but everyone is of course entitled to their own opinion.)
I like FASHIONPHILE because of their no hassle, no scam, worry free buying/selling. And they let you know upfront what they’ll buy the bag back for up to a year. I try to buy bags that I will keep forever, but glad they are an option if I change my mind or if something doesn’t work out. Some their offers are way too low, probably most of their offers are way too low lol.
Yes, it certainly is a convenient way to buy and sell! And I understand paying for that convenience by selling for lower offers.
Recent subscriber, first time commenter. I stopped having the mindset of “investment buying” when it comes to buying luxury goods. I think people don’t actually mention enough how hard and risky it is to sell second hand luxury goods. I just buy them now to use for life because I truly want those pieces
I think that’s the best way to go into it. Buy what you love first!
I find it upsetting because women are the ones buying bags with this false idea of investment, men are never told handbags are investments.
My Alma MM is brand new with everything, box,dust bag, receipt. It's spotless new. I bought right before the pandemic , my SA ordered for me. The bag never been used because nowhere to go, working at home and no travelling anywhere with lockdown. Fashionphile offered 1000 usd when retail price was 2000 usd and now 2160. Am sure they would resale my bag over 2k easily as it's a hard to get even online. Yep buying luxury to feeling happy, feeling rich, definitely not a investment. Subscribed ❣️
Exactly! These items should be about what we love and enjoy ♥️ thank you for watching!
This whole “keeping value” or “investment buying” is absolute bullshit, in my opinion. Buy what makes you happy and not what someone else says, and then you won’t have to worry about selling back. If one is hesitating or worrying about cost, then they shouldn’t be buying because it’s not smart fiscally. Additionally, one should not expect to be able to sell their used bag for what they paid for it, unless it had never been worn. Just like any other physical item, it does somewhat “depreciate” with every use. Individual sellers and bigger sites like Fashionphile love to use the term “below retail” to try and trick you into thinking you’re saving money…it should be below retail, it’s a used bag. That being said, I bought a On The Beach Kiragami set over the summer and I also received the “Refresh Program offer. I chose to keep mine because I love it and wear it. I wasn’t worried about “losing 25%” because I wasn’t even planning on selling. However, for a person who changes bags often, this might be a good fit, or they can consider renting bags also.
I think “renting” a bag is a great way to look at the idea of buying and selling often. Yes, you lose some money on it, but if you wore the bag for a few months or years, that’s just getting your money’s worth and still getting some money back! Ultimately, absolutely, buy what you love! That’s what’ll make the price worth it.
Merci
Most of the time FASHIONPHILE really low balls.🥺
Agree so much... Anything that you actively wear and use is never going to be an “investment” where you get your money back. Even cars. The item depreciates in monetary value, so the rest of the value has to come from what you get from using it (using the bag many times with many outfits, driving the car to work, etc). Thanks for the video!
Oh my gosh, cars depreciate SO much 😂 that’s definitely not a purchase to make thinking you’ll get all of your money back. Buy what you love and what you’ll use. That’s what makes it worth it!
Hello! This Fashionphile policy of paying you 70% off basically seems like they’re trying to have a renting service. You’re paying for the bag while you’re using it and then you’ll get the money back at a later date. Like a usage fee
Oh yes, I totally understand their business model. The video wasn’t bashing FP, it was just another example about how these things aren’t investment pieces, you know?
I love your videos, I love your style and I love your personality! Easy watching with great information!
Thank you beautiful x
Thank you so much!! 😭🙏💕
100% agree buy what you love. I bought my first LV over the summer for my birthday. I bought the empriente neverful. It's my work bag and totally serves its purpose so glad I purchased it. Ive been on a mission now to get an everyday bag. Im between the Odeon and Graceful. I think this time around Ill go the preloved market.
Congrats on your neverful! I hope you enjoy your next LV too ☺️
yes you are right. its not an investment when this big pllace wanna rip u off, u are better off selling on your own.
I definitely buy with intention of using and keeping mine if possible forever. But i have recently sold my Speedy 30 Bandoulière in DE on poshmark because Fashionphile’s quote was only $950 for it. Barely use. Almost to none flaws. I sold it for $1,500 on Poshmark.
But i have been so disappointed because the speedy 25 Bandoulière that i newly bought is tarnishing and the edges of the strap is peeling. One handle is also starting peel. It’s 4 months old. And this is my 2nd replacement. I am not new to this because my 30 also had the same issue years ago! Im kind off getting tired already. We pay so much for a bag that has so much issues. Quality is no longer the same.
Quality issues are SO frustrating, especially with these expensive pieces. I’m sorry you’ve had such bad luck!
EXACTLY right! I've got an LV Alma PM and it's got some wear on the vachetta leather it needs to be replaced. But according to LV have to replace ALL the vachetta and then they will put the new and thinner leather on, and the cheaper hardware not gold plated, not brass. And remove the serial number. so all you have is the original canvas and zipper, everything else is new. It's just stupid because the replacements are just not as good as before. I'm just going to continue wearing the Alma and try to find a way around the problem. It's not too obvious now but it will show in future...I may just bite the bullet and go to a non LV repairer. They seem more sensible.
At the end of the day they are a business and the fact that you can recoup around 70% of what you paid 6 months ago is not bad tradeoff, especially since the price was already heavily discounted. Sure LV is one of those brands that go up in value, but the 70% is roughly FP's standard. You say you are "losing" $350, but you've had 6 months to wear and enjoy the bag. You only lose if you expected to gain.
Oh yes, I totally understand their business model. The video wasn’t bashing FP, it was just another example about how these things aren’t investment pieces, you know?I actually really like the idea of using a bag for a number of years and well, if you can sell it and get ANY money back, that’s really nice! But a lot of people talk about how you can “make money” with these items and I just wanted to give an example of that not really usually being the case.
Such a well thought out video. I agree with you that these designer handbags don't really make you a fat profit as a lot of people like to claim. Yes, there will be that HTF item everyone's chasing and certainly, you will make a nice profit. But in most cases, I do think that luxury handbags are a depreciating asset with the reselling fees involved even with quarterly or semi-annual price increases. I'm pretty frugal in general and the two things that I spend money on are designer handbags and traveling. A handbag is something I carry with me every day so might as well carry something that makes me happy when I look at it. And travel...... because experiences are everything!
I would absolutely agree with you about these items depreciating a majority of the time. Better to just buy what you love and will enjoy and not think about profit. It's always great to be able to sell something on and recoup some money, but profit is something else entirely.
I agree. I bought an LV Montsourri GM backpack in July and now I realized that I live in the SC of the USA and with my rainy weather and humidity the vachetta is not going to work for me. Also I plan on traveling with it and I just don't feel it will hold up enough for me. So I just plan on unfortunately taking a loss and selling it back. I am just going to buy a Dagne Dover because have a toddler and I need a bag for that as well.
If one wishes to sell a bag, you are better off selling it yourself. The for profit organizations will give you only a fraction of your bag can be retailed. I buy classic designer bags because I love them. I have never sold a bag. Hand bags as an investestment? Only as an emotional gratification. I know some of my bags have increased in value, but it does not matter to me.
Emotional and wardrobe investment is the best investment to think of when it comes to buying this things ❤️
I think the only way to regard them as an investment is the investment in the look, the durability, the style. So it's worth buying quality for that. But the return on the investment is looking good, or if you keep it a long time and use it often, it's sustainability but the return on investment is definitely not financial.
More cat please!
😂 she’ll be happy to oblige! 🐱🐱🐱
Yes please
That's low balling, you better off posting it yourself or marking it more and you will have better luck
It is just like renting a car. You have to pay something for using it. It isn't just free
Brutal repurchase price. I avoid those places for that reason. They're relying on buyers remorse, desperation and impulse purchases. Try Japanese auction houses. The risk is you must be able to authenticate yourself.
I love buying from Japan! I’ve found some excellent pieces 😊
@@classicswithaquirk Yes 😀, you just have to know what you're doing so good research is for that... it's so often great value with the favourable exchange rates now as well.
After years of active buying of luxury bags in the last three years (11 years in total), I've slowed down a lot. I took a 7 month break before puling the trigger on a Gucci Ophidia Shoulder bag. I'm really happy with it even though I know there's not a lot of resale value back on it. I've had not so great offers from Fashionphile on my popular LV bags for some reason and they are selling well over retail. Not sure why, for example, my Nano Speedy was offered only $800 and double zip pochette giant monogram for only $900 - both in like new condition (I hardly carried them because the straps are a bit on the tiny side and was digging into my shoulder). I passed on those offers for now. Live and learn. I also only buy brand new from the boutiques because I'm scared of getting a fake bag!
It’s totally valid to be concerned about counterfeits! I mostly buy items preloved when I can’t get it new-the color is discontinued for instead- or the item really doesn’t hold value and I can get a good discount. But it can be a tricky thing to navigate! And I think there’s so much merit in taking your time with purchasing to really get something you love a lot 😊
Brace for bad news;
You can still get a fake bag if it 's been bought and 'returned' with a superfake substitute. This has happened at high end stores and not even the SAs are able to detect the difference. This is why some brands no longer have the serial numbers and are using electronic tag devices. This is very hard on resellers, who can't access those devices. It's just getting more elite by the day. To me it's just a hobby and I've had fun with it. But when I really did my research I discovered the world of super fakes and I wasn't the same after that...LOL!
You make too much sense! I totally agree. I purchased my first LV Artsy MM. I definitely bought it for my heart and not my wallet.
The heart is a good thing to trust when it comes to buying these indulgences 🥰
You are totally right!
🙏🙏🙏
Hi ! I just noticed that below some Fashionphile items under “ details “. Tiny letters says “Model image displays an item of the same style and size. ❌IT DOES NOT REFLECT THE EXACT CONDITION OR DETAILS OF THE ITEM❌. So I am looking at a bag which is not the one I will receive if purchase. Thank you for always being honest and for all the accurate info. I just thought I will share here Especially people buying on layaway they will have to pay fee for returning.
I’ve noticed that too recently! I think that just applies to the picture on the model and not the detail shots, but still. It’s a new change and not, in my opinion, the best one.
I found this out when I purchased a Chanel bag with gold hardware (according to the photos and description) and received a bag with a shiny dark grey hardware. The rep I talked to said they use the same description and photos for multiple bags.🤨
What? 😱 That’s ridiculous!
I purchased the Siena pm directly from the boutique and I am sorry I didn’t get it preloved as I have used it frequently in the past two years and it is still in excellent condition. This is a great bag that holds its shape, can stand rain and fits a ton. Don’t see myself ever parting with it. Hope you can get to keep enjoying it for years to come!!!
Thank you so much! It’s such an excellent bag. It’s really been getting my use out of it. Especially now that the weather is getting more wet and snowy. Such a good bag! I’m glad you’re enjoying yours 💕
Yes if you hold onto some bags and use them over and over they become good value. I love preloved because the quality is still there. I've got real 22 carat gold plated hardware and in the newer bags it's just described as 'gold tone' it's not even gold plated brass. So the dilemma is repair. LV will replace with inferior quality hardware, who wants that? Not me!
Good points. Even if you sell on your own through PayPal Goods & Services, you are still losing 3.49% of the total sale and .49 per transaction. Buyers (especially those buying expensive $3000+ luxury bags) are going to want buyer protection to avoid the risk of getting scammed. I’ve lost so much money from selling my luxury goods.
For sure! It’s certainly nice to be able to recoup some money for selling things if you no longer want or use them, but I think some people often forget how much work can go intent selling luxury goods, and how much risk there is as well.
It’s still better than losing 40% or more but I agree with the risk of getting scammed. That’s my greatest fear.
what do you mean .49 per transaction. Do you mean .49 cents in the dollar?
@@tracyfins I've heard the way to protect yourself as buyer and seller is to video yourself opening the package for the first time, or packing the package with the ID visible of the bag, and sending it off in either case done in one take. But that's really complicated especially if you're doing it alone. So most people will use an intermediary consignment store, or insist on meeting face to face in a bank in public to do a cash transaction. That seems sensible but it narrows the buyer scope to what's local for you.
The other thing to be mindful of is that reseller sites also label things as “new” that are not. For example, I took a buyout from Fashionphile for a LV wallet. I had used it daily for a couple of months. It had no real signs of wear, but I’d have considered it in excellent condition as it was used. I sold it to them complete with box, dust bag, receipt, etc. Listed that piece as new and giftable. So I think now even when buying, that many items labeled as “new” really aren’t.
thanks for commenting this, it's good to know, especially on fp!
most items they sell actually have been used ..they just trying to get the most than they can get
That’s a really excellent point. It’s all subjective of course, but items that have been used, even just a few times, should not be labeled new. The buyer is expecting a fully new piece.
@@classicswithaquirk to be fair, retailers will put items back into stock if they're returned and still look new. This is considered acceptable.
I think when people consider bags investments the really mean that in terms of used luxury items, it retains more value than regular used items. I’ve bought and sold quite a few bags and always lost money. But I expected that. Getting half back for a used item is not bad. Fashion file prices are somewhat lower than other sellers but it’s a sure thing. RealReal is a crapshoot on the pricing so you never really know what to expect and the net resale you get is often not much different.
I was taking more about the fact that some people do talk about bags as investments for profit. But it is true that you're much more likely to get more money back in general for luxury bags!
The only one that seemed fair from FASHIONPHILE was when they bought my deliteful I had worn for five years for $1000. I paid $1300. The prices of LV have gone up so much that in this case FASHIONPHILE and I both won.
Yes, if you bought a bag years ago when the prices were so much lower, I think that’s one of the only times you really have the chance to “profit” from it. Even if not monetarily, but how much you sell it for vs how long you’ve been able to use and wear the bag.
Agreed!
I agree with you that luxury handbags aren’t investments, except for Birkins.
FP quotes seems to depend on availability and popularity of the items. If first quote is too low try again in 2 months and it might go up some. I find that it’s always better than Yoogi’s closet. They lowball all the time.
I’ve never gotten a quote from Yoogi’s before. Not a bad idea to look into them, just to see.
I have had this happen as well. The price is always lower. I am like you in that I buy with the intent on keeping. I have sold quite a few items over the years.
I certainly think there’s nothing wrong with selling bags you no longer use or want. But I don’t think it’s best to go into buying something “planning” to sell it later, you know?
I agree!!!!
Fashion Phile quoted me yesterday for my brand new never worn iridescent pink medium flap less than half price of what it cost! No thanks… for $4000 I’ll keep it.
Oh wow 😱 that’s so low for such a gorgeous, sought after color!
Chanel?
I definitely agree that luxury bags are not monetary investments. Even though the prices have gone up both in the retail and preloved markets, they are to me considered depreciating assets.
I’ve only recently dipped my toe into buying luxury handbags and SLGs, after years of watching luxury bag content on UA-cam. I have to think about the pieces that I want, the condition that I want, and at prices that I can stomach. I mostly purchased new from the boutique and have only purchased 3 pieces (all SLGs) that were new or excellent from Fashionphile when I couldn’t find them in the boutiques. But I paid less than current retail though not by much. I don’t want to spend a lot of time stalking websites or buying things that I don’t want in the boutiques to establish relationships with SAs so that they’ll think of me when that highly sought after piece comes into the store.
At these high prices, all of my purchases are made with the intention that they are forever pieces. I have never sold any of my things and I don’t want to start now. When I no longer want something and if it is in sellable condition I will donate it. I do it with my clothes, shoes that don’t work out (the ones that work out I wear until they fall apart), home goods, and less expensive handbags. I’ve donated a bunch of vintage Coach and Dooney and Bourke over the last few years that were originally purchased by me in the late eighties and early to mid nineties. Am I kicking myself? Not really. I’ve gotten my use out of them and I don’t want to be in the business of selling my stuff. I like buying on eBay and Poshmark but I don’t want to be a seller. I don’t have the time. Those that do, more power to them.
I don’t think I’ll actually donate my luxury pieces if the time comes. What I might end up doing is giving my close friends the right of first refusal to buy them at a fraction of what I paid. And if they’re not interested I will probably take them to Fashionphile if that is an option in the future. I will not get the best price in either scenario but they require the least effort, short of bagging them up and driving 5 minutes to my local Goodwill.
I know this isn’t for everyone but it will keep me from buying too many luxury items and the ones that I do buy I will use for many years.
One more thing to add (I couldn’t edit my second reply). Convenience comes at a price. For the seller, it comes in the form of a lower offer. For the buyer you will pay more for a highly sought after item. I paid $1000 including tax on a 5 year old Pochette Accessoires on the eve of LV’s price increase. It was in almost new condition with a little bit of patina. I don’t even want to look at how much they’re selling for now. eBay prices are high too but a little lower but most sellers won’t send to a PO Box. Fashionphile won’t either but they ship to my local Neiman Marcus. I’m never home to sign for packages and I can’t ship to my work.
That’s interesting…my second reply was deleted.
I was able to read both of your comments! I have no idea what yt is doing with my comment section but it's driving me nuts. It sounds like you have a great frame of mind for your own luxury buying! And it's true yes, we certainly pay for convenience. It's usually easier to sell to fashionphile for instance, as opposed to selling on our own. That does often mean getting lower offers.
@@classicswithaquirk There were actually three comments. Two replies to my original comment that I did yesterday. I tend to break up my comments when they get a little long winded. I kept trying to edit my original comment but You Tube didn’t like it. So I broke it up into three.
I’m so sorry about that. I really appreciate all the comments you’ve left (that I was able to read). I’ve sent YT a number a reports about what’s happening and I just keep getting “we’re working on it, appreciate your patience” 😓
It is an investment if you know how to sell it. If you just give it to Fashionphile then you WILL be losing money. You have to have your own platform. You mentioned that you bought this bag underpriced. That means there's room to go up. That means you could sell it on any platform and probably clear a little more than what you paid. Negotiate with them. The Real Real, Fashionphile, etc.
I just bought that same bag from them. It’s being delivered Monday. I’ve had very good luck with them. I love your videos
I think they might be a better buying platform than selling platform, at least with certain pieces. Congrats on your buy! and thank you for watching ❤️
Luxury bags are not an investment, I found out the hard way. I sold my Sienna pm on Poshmark for $1,750 like new condition & w/ receipt. And for the same bag, Fashionpile offered me $650...interesting 😱.
I’m glad you ended up being able to sell it for a good price! FP really low-balls lately.
This is why I only buy luxury bags that I plan to keep. Fashionphile is over priced. Hence why I use LV concierge.
These are not investments. Maybe a rare Hermes birkin or Kelly.
Exactly! We do often recoup some money when selling, but rarely what we paid or more. Buying things to love and use is the best thing to do, imo 😊
@@classicswithaquirk I take good care of my bags, but I really do use them. My friend bought a channel medium flap lamb skin and she only used It once so far. She’s too scared.
Couldn’t agree with you more. Bags are not investment. I lost $400 selling back to fashionphile on a Chanel gst. I’ve bought from them but I keep in mind their price if I want to sell it back as they tell you how much you’ll get. Plus what I’m buying I’ve made a conscious decision they need to stay with me for a long time. For example I bought a boy bag from them excellent condition caviar with ruthenium hardware I paid 4,500 and yet the buy back was for 3k. No thank you. I could see the investment if you bought Chanel at lower price and never used it to sell it now. But who the heck is doing that. We buy to use. And just like a car, the moment you use it. It drops in value.
Exactly! There are a few rare exceptions, but the moment you drive it off the lot, so to speak, most bags are worth less than what you paid. Buying something because you love it and will use it and enjoy makes more sense, at least to me!
And that is the problem with buying luxury items.
1. Selling only makes sense if you have a big following so you omit the middleman of a shop. Those creators never mention prices, but they very likely sell for close to retail or retail price.
2. It's not always possible to predict everything. Some annoying features only come up after you've used the item for a while.
3. It's very hard or even impossible to research more obscure and lesser known brands.
I think this is true with many things! Clothing, home goods, electronics… I watched a bajillion videos and read dozens of articles when trying to buy a new phone, and I still found issues in the one I got initially. Sometimes you only know what does and doesn’t work for you specifically once you own it.
Maybe they offered to buy it back for that amount because they know how much you got it for. If you were just selling to them without having first bought it from them, you might get more for it. However, most of those resellers are simply broad daylight robbers for how much they make from these businesses. I tried to sell some of my LV pieces and the reseller said they were going to take 40 percent of whatever they sold for. I was also going to pay the administrative fees from my 60 percent which would have left me with only 50 percent or less. So, you’re right. These pieces aren’t investment pieces except if you’re reselling them yourself.
🙌🙌🙌
Very informative. I don’t like Fashionphile as they “ low ball” people they’re not reasonable. Why people pay above retail or close to retail for a “ used” bag us crazy. Simply get a SA and but need ( if possible ). Great topic
Thank you for watching!
Fashionphile has multiple buyers who will offer different quotes. One time I got two quotes for the same bag and it differed by 100. The offer might increase or decrease if you wait. Fashionphile can offer a decent amount I've come to find out. One LV bag I submitted they offered 1,000 over retail. But that's rare.
Interesting! I didn’t know that.
Interesting video, but just so you know, if Fashionphile buys a bag for $600 and then sells it for $1200, that's a 100% mark-up, not 50%. Same for a bag they buy for $700 and sell for $1400, and so on.
That is true, yep! 🙈I realized I’d misspoke after the video was already up.
1000% agree with you! I wouldn't go into any of this luxury world expecting a return/get the same back. Of course there are harder to get pieces you can sell for more/get your money back down the road, but that is highly unlikely. However, what is nice about buying luxury is that they do hold value a lot better than other goods. I'm content that if i ever was in financial hardship, I would be able to sell my collection for 60-80%. But I would be in lala land if i ever thought i was going to make more money!!
I do agree with that-the nice thing about many luxury purchases is that you CAN recoup some money if you chose to sell it later, but yes, definitely for a “loss” for the most part. That being said, if you’ve used a bag and loved it for years and then sell it on and maybe lose a little money… I think that’s a fair exchange for the time you had and enjoyed the bag 😊
This is standard with Fashionphile, I get it all the time months after i have purchased from them. Not only bags it is on everything you purchase.
Interesting to note. I guess there’s no harm in them reaching out to see if you’re looking to move the purchase along.
I’ll sell my bags when I’m 90 years old, to get some change to play bingo. These “luxury” brands are not even “worth” their price when they are new.
Honestly some of the websites that sell these bags are scams. Vestaire is known to sell replica bags and claim that they are auth. It recently happened to an instagrammer and she posted all about it. Thank you for your video, it was really helpful
I’ve heard a lot of negative things about VC myself too. It is important to be wary. Thank you so much for watching!
Very few luxury bags are actually investments. I got tricked into thinking they were. I think the difference with luxury is you can at least make some money back. Otherwise you have to by low and flip or hang onto it for years until it becomes sought after vintage.
It’s nice to be able to recoup some money for sure! But definitely not a profit for most of these items.
Their quotes have gotten so low! I sold a Sienna PM in Excellent condition to them over the summer and they gave me $1300!
Oh, I’m glad you were able to get a good price! I do feel they’ve gotten worse with their lowballing
I am so glad you made this smart video. FP will offer you that “We want to buy your bag back” email when they realized they screwed up and sold it to you too low originally lol! Hence, I just bought my Lou Camera bag in excellent condition for 3 months ago for $975. Same bag is now going for $1,350. They were offering me 70% of what I paid. It’s so funny.
Thank you for watching! I mean, I understand the business model. “Buy it for less, sell it for more” but sometimes the offers are almost a little insulting 😅 Congrats on your camera bag!
Why would they give you what you paid for it? Offering 70% is more than fair. You have to remember that they’re in business to make money, not lose money
@@Chrissy-cf1nm I agree with you, they are a business. I think they find out they sold a bag too cheap, email those buyers, and now see that they can up charge said bags. I understand they are a business, but I’m not going to fall for it
Chrissy- do you work there. Lol
@@Chrissy-cf1nm offering 70% is more than fair but what’s unfair is how much they would resell it for. Of course they are in business to make profit but sometimes there’s just a thin line between making profits and daylight robbery.
Great video and love that you don’t edit the kitty (Laptop?) out. Love to see our furry friends make appearances.
💕🐱🐱🐱
I was offered 535 for my alma pm in piment I paid 1000 for.
They just offered me $450 for my Gucci tote that I paid $1350 + tax that was a few months old. I know Gucci doesn’t hold its value as well, but It was laughable.
They’re really doing some lowball offers recently!
@@classicswithaquirk your so right #crazytrain
Ooo they where trying their luck. Really $600 for LV.
😂😂😂
Could you do a video the cost of refurbishing my old LV and Burberry bags? Trying to see if
It is worthwhile to justify the costs.
I don’t have much experience with Burberry bags, but in all refurbishment cases, it really depends on what needs to be done. I usually say that if you love the bag and refurbbing it would cost less than buying it new, it might be worth it do it. But that’s a personal decision 🙂
@@classicswithaquirk Yes, but see above my issues on quality of replacement. I've been whining about it a lot..sorry! Lol!
Your cat 🐱😍
😁🐱💕
Fashionphile makes a 30% profit above what they purchase the bag from you. So they would not list it for 1500 usd. That's their policy. If the bag is value above 3000 usd. Then they onky Mark it up 15%
Interesting! Do you mind linking me to where you found that info? I’d love to learn more!
I never knew Fashionphile buys back their bags! Is this something they’ve always done?
It’s something they’ve done for at least a few years! It’s their buy-back program.
It was Siena pm or the speedy 25. I went for Siena of course it's just so pretty😍 I will never sell it.
I think the only bag I'm thinking of selling from my collection is the noe bb 😅so much vachetta. I love it but I'm extra careful when I use it.
If you love it, it might be worth it to hang on to for now! But I understand being wary of vachetta wear. I love my Siena too!
We invest in land and stocks, not bags!! Lol! I do enjoy thinking about how my jewelry and handbags are investments, but they are investments in my personal joy and satisfaction. I just giggle when Fashionphile sends .me an email offering to buy back. Not today Fasionphile, not today!!!☺☺☺☺☺☺
Thinking of these things as investments in your happiness is the best way to look at it ❤️❤️❤️
Even if you gave it to me free, I will not take it. Expensive purse, but no money inside, never. Mind. Amen.
Is the Siena MM discontinued? I’min UAE and can’t find the MM size on the website, only the PM is available..
I actually contacted LV about this recently and was told that the Siena (both sizes) is “currently not in production.” Which makes me think that yes, it’s been discontinued and they’re currently selling the last of the stock.
This analysis just lasted too long. I'd rather get a show and tell of your bag!
Fair enough! I probably should do a review of the Siena 🙂
Thank you for making this video!! As a new UA-camr (aka not an influencer) I am happy that you have shared a story that is aligned with what I have been experiencing with Fashionphile...aka a much different picture than what is typically being presented. I have a long history of purchasing and selling to Fashionphile and unfortunately I don't a lot of positive things to say, other than they have a great return policy. I would estimate that approximately 25% of my purchases have had inaccurate descriptions with undisclosed flaws (talking significant structure loss, tears in leather and scratches that were cleverly hidden in all of the photos, either by angles for cleverly placed straps). While I would have kept some of these items if offered a discount, all I received from their customer service was the 'just return' and sent it back - same story you received. AND the best part is that I have seen these items resisted without my feedback or updated descriptions to account for the flaws I reported and at the same price I paid - crazy! Also, Fashionphile is making a huge profit...and this includes Chanel Classic Flaps - which are not exempt to the 50% mark-up that you referenced. Just last week, I submitted for a quote on a Chanel Medium Classic Flap, vintage lambskin in better condition that what I am currently seeing on their site for around $5k USD, and received a "buy-out" for $2500....for a CHANEL Classic bag?! Note, it has no tears, stains, chipping, worn corners, odor etc...and it hasn't been refurbished....even comes with Authenticity card. I share this...as I think there needs to be awareness that your experience is not unique and Fashionphile tends to low-ball their offers. Thanks for putting this out there!
Do you understand the cosignment shops need to make money to make a profit, pay employees and the upkeep of their business. Yes bags are not investments. I’ve only profited off my Chanel’s and LV’s. I loss on Prada, a Burberry, a few Gucci and YSL. If you try selling yourself it’s a hit or miss with profit.
Thank you so much for watching and your comment! It’s certainly true that FP is a business and want to make money, but I think there’s a balance between that and super lowballing people. That being said, I’m so sorry to hear about the condition that some of your items have been sent in! I do think that they used to be better at disclosing flaws.
please do not send it back lol..they realized they messed up ...that bag is not on the LV so you might as well keep it
No way I’m sending it back, don’t worry! 😁
I purchased a bunch of popular SLGs (PA, Mini PA and key pouch) in every pattern before the big price increases in 2020. Still new, I guess those were investments? Would Fashionphile give me al least what I paid for them? The SLGs are way more money now!
They might! I know that some items, especially those that are sold at premiums, garner higher buyouts. If you paid $365 for a mini pochette and the current price is $540, it’s very reasonable to think you might get back at least what you paid. I just wanted to highlight that it’s a rare occurrence 🙂
If they are hot. I just sold a water color pocket organizer paid 450. Paid 600
Buy a birkin and tell me it’s not an investment
😂 Yep, that’s why I mentioned birkin and Kellys as some of the few exceptions!
Talk to people who have tried to sell their birkins. It wasn’t easy.
Yes but you have to find the right place to sell it