What is the best method of selling used luxury items?

Answer 1

This Depends on what the luxury Item is.

E-bay is great as it has been around for a long time and is tried tested and true. It is a good idea to sell a few items and get good reviews if you want to get the best results on Ebay, or any online market place for that matter. Alot of people check what the community has to say about a seller before making a purchase.

If you are talking about something like a designer purse, it helps to have the original tags in tact, if not on the bag itself, at least in the bag.

Take many photographs of your item from all angles and be honest about any damages, and how old the item is. Note that it is very easy to cross reference an accessory to the website of the designer. So being dishonest about the year or original price is a No No

Another way to sell your luxury item is by posting it on a social networking site like Facebook. These are great for spreading the word about something

If you do not want to do any of the leg work involved in online sales then a consignment store is a good option. This is where you bring your items to a second hand store and leave it there on consignment which means you collect your money when the item sells.

Don't be put off by a pawn shop you saw in a bad part of town; There are high end second hand stores.

The downside of this option, is that do not get the full amount that your item has sold for because the store takes a commission (usually half the sale price)

in my experience Craigslist and other free community websites are not very effective when trying to sell a luxury item. People tend to Low ball you and try to get freebies.

If the item you are talking about is a car or a boat, I would look for reputable websites that handle large items or take it to a used car lot.

Remember when you sell online it is important to read the warnings about scams and fraud prevention and follow the instructions on the website to receive payment.