Have you ever looked at that designer piece in your closet-the one you splurged on-and thought, "I'll sell it and make some of my money back"? If so, you're not alone. But here's the reality: luxury resale doesn't always deliver the return you might expect.
Let's dive into the resale market and why even high-end fashion doesn't always fetch high-end prices.
Why Are You Decluttering?
Before we get into selling, let's talk about why you might be ready to let go of clothes in the first place. They might:
- Not fit your body or style anymore
- Be out of fashion
- No longer spark joy
- Represent a "someday" version of yourself
If you're hanging onto clothes hoping to lose weight, I get it-but I don't recommend it. It's emotionally draining. Fill your closet with clothes that fit and make you feel good now.
Think Twice Before You Donate
Donation feels generous, but the truth is, most textile donations don't go to someone in need. Instead, they overwhelm systems or end up in landfills. Unless you know exactly where your donation is going, consider other options.
Selling Options: Choose Your Tradeoff
There are three main ways to resell clothes, each with pros and cons:
Do-It-Yourself Selling (Poshmark, Depop, eBay, Luqsee)
You set the price, keep most of the profit, and connect directly with buyers. But be ready to invest serious time into photographing, listing, negotiating, and shipping.
Sell-For-Cash Stores
These stores offer cash upfront-but don't expect much. Think a few bucks for your $100 Lululemon leggings. It's quick and easy but often disappointing.
Consignment (Online or In-Person)
Consignment stores do the work for you: photographing, marketing, and shipping. But they take acut-sometimes a big one. Online platforms like The RealReal or ThredUp offer convenience and even authenticate luxury goods, which builds buyer trust.
Why Resale Prices Are So Low
Let's be real: even luxury pieces often don't retain value. Here's why:
Oversupply: The market is flooded with luxury goods due to overproduction and consumer overconsumption.
Deal-Seeking Buyers: Resale shoppers are looking for bargains, not brand prestige.
Economics 101: Too much supply and not enough demand pushes prices down.
That $4,000 Givenchy jacket? It might only sell for $800-or less.
The Exceptions
Some items do sell for more-especially limited editions or pieces in high demand. But betting on which item will become a resale unicorn is risky. It takes a savvy understanding of market trends.
Final Thoughts: Know What Matters Most
Whether you're looking to make space, cash, or both, consider what's more valuable to you: your time or the payout. Selling yourself earns more, but takes work. Consignment is easier, but pays less.
Most importantly, don't let clothes weigh you down-physically or emotionally. Keep what you love, what fits, and what feels good.
Thanks for being here. For more tips on creating a closet you love and understanding the fashion resale world, stick with us at Luqsee.com.
In the meantime, please engage with us on our socials:
TikTok: @shopluqsee
Instagram: @shopluqsee