Parting with Designer Goods
O ne of my goals in 2012 is to part with the designer goods in my closet that I know are in great condition but simply have to go. I’m sure I’m not the only one in this position because my friends and co-workers have confirmed the same. And, let’s face it ladies, the longer we hold on to these treasures, unless they are collectible vintage, the sooner they will reduce in value and interest.
Since spring is around the corner, I wanted to get a head start and post some of my goods on my site, Shall We Boutique. Some of the choices in the past have been to take the items to a consignment shop. However, if you have never done this, please be aware that a designer consignment shop will scrutinize every article and if they accept it, will put a retail value of a third to a half off the original price. From this total, you, as the consignor, will receive anywhere in the ball park of 50-60% of the selling price. So, to put things in perspective, your $150 pair of designer jeans that unfortunately are still too small and in great condition will be put up for sale for approximately $45 - $70. From the selling price, your cut, if it sells before it’s reduced for a sale or a time limit is $18 - $28. Plus, most store policies pay out monthly; therefore if it does sell then the wait to get paid begins.
Although, I’m all for getting the goods out into the market place, I question whether resale shops will take care to sell the item for what it’s worth. More importantly, I don’t want to experience the rejection that often happens during these appointments. My friend, a young and hip young woman just took a bag full of designer goods to Plato’s Closet, only to be told that they couldn’t use any of it because most of the stuff they just didn’t need at the time. I don’t have to describe how this made her feel. Mind you, these were designer labels in good condition. Thanks, but no thanks. I’ll pass…
I’ve decided to post my goods for sale online for the prices that I deem fair. The prices are generally 70-80% off the original cost. It would give me great pleasure if these items found their way to a home where they are appreciated.