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How To Resell Luxury Handbags For Maximum Profit?

Luxury handbags offer a great investment opportunity. Popular designer handbag brands such as Louis Vuitton, Chanel, Prada or Hermes are in demand in the secondary market. If you want to know how much you can expect by selling your coveted handbag, get a handbag appraisal. A professional appraisal can let you know your bag’s accurate worth in the market.

One might want to resell their handbag either to make a little profit or to purchase a new trendier bag. Whatever might be the reason, everyone wishes to get the best deal. To know your bag’s market worth, handbag appraisal is essential.

If you own fine jewelry or high end watches, you must go for a jewelry and watch appraisal for insurance. Anything precious has a value and an appraisal lets you know the accurate market value of your coveted piece.

Be it a designer handbag or diamond jewelry piece, handbag or jewelry appraisal online safeguards your beloved pieces.

Below we are mentioning how you can resell your luxury handbag for maximum profit.

Understanding The Condition Of Your Bag

You can determine the condition of your bag to get an idea about the estimated value at which you can sell it. You can categorize the condition of your bag as mentioned below:

  • Pristine: Your bag is in pristine condition if it looks as new as store bought. There will be no signs of wear and tear. It will look perfect.
  • Excellent: If your bag has a few barely visible imperfections, then it is in the excellent condition. It’s almost perfect with minor signs of wear and tear.
  • Very Good: If your bag is a little old and it shows a few signs of ageing, including minor dents, scratches or discoloration, then its condition is very good.
  • Good: Your bag’s condition is good if it possesses moderate defects. These imperfections may include minor surface scratches and routine wear due to ageing.
  • Fair: If your handbag has some visible scratches, major wear and tear, discolouration or shape loss, it is in the category of fair condition. It can fetch very low prices when sold in the secondary market.

If you have a designer handbag in pristine condition, you can expect to receive more than a hundred per cent of its original cost. On the other hand, if the condition is good, you may expect 70 to 80 per cent of the original price. If you wish, you can get your handbag repaired by a reliable restoration outlet. Most luxury brands provide repair services, check your brand’s repair policy.

Get a handbag appraisal from a professional company like Prestige Valuations. They have a team of experts and certified appraisers. They also offer various other appraisal services such as jewelry and watch appraisal for insurance and selling purposes.

If you have a collection of fine jewelry, go with a jewelry appraisal online and know the value of your coveted pieces.

Research The Market

Researching the market is crucial to know what are the market trends. Know your bag’s brand and model and look for the prices of similar handbags in the secondary market. Some of the popular expensive designer bags are mentioned below:

  • Chanel Classic Flap Bag: This bag has been seen being flaunted by many rich women and celebs like Rosie Huntington Whiteley, Rita Ora and more.
  • Hermes Kelly Bag: This handbag is loved by many celebrities such as Emma Watson, Kardashian Jenners, Sarah Jessica Parker, Beyonce and more.
  • Louis Vuitton Neverfull: This handbag has been quite popular among celebrities like Reese Witherspoon, Sofia Vergara and more.

Whether you have a collection of handbags, fine jewelry or watches, it is recommended to get a handbag, jewelry or watch appraisal for insurance online respectively.

Create An Impressive Listing

You need to have the original box and receipt or any other documents as proof of ownership. You must be aware of your bag’s brand, model, style, size and materials. Write a detailed description of your bag, mentioning whether it is a leather or canvas bag. What type of metal is used for the hardware? Which accessories are there with your handbag? Does it include a dust bag?

After you have written the description about your coveted handbag, click high quality pictures. Try to take pictures from all angles from a high end camera. The color of the bag must be clearly visible. The design, hardware and accessories too must be seen in the pictures. Upload the images and the description on various handbag selling platforms.
Following the above mentioned steps, you will be able to sell your valuable handbag for the maximum profit.

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