THE BAGS I LOST THE MOST MONEY ON: MISTAKES MADE AND LESSONS LEARNED!
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- Опубликовано: 27 авг 2024
- Handbags are not a financial investment for the most part, in this video I share with you the handbags I have sold and lost the most money on. Fair to say I have lost a small fortune on some of these bags! Some I sold before I really knew what I was doing, some I didn't do my research on, but on all of these I have definitely made mistakes, definitely have regrets and have most definitely learned some lessons!! Don't make the same mistakes I did, learn from mine as these can be costly!
My previous 'the luxury resale market is dead' video: • THE LUXURY RESALE MARK...
Vlog sale video: • SELLING MY LUXURY HAND...
Some of my bags:
Chanel mini: rstyle.me/+fqI...
Chanel classic flap: rstyle.me/+rhA...
Louis Vuitton mini capucines: rstyle.me/+2Jj...
Louis Vuitton neverfull: rstyle.me/+z43...
Louis Vuitton multi pochette accessories: rstyle.me/+SmY...
Louis Vuitton petite malle: rstyle.me/+UTd...
Louis Vuitton papillion trunk: rstyle.me/+UPj...
Fendi baguette: rstyle.me/+1Rn...
Dior saddle bag: rstyle.me/+bHo...
Prada reedition: rstyle.me/+3gs...
Other videos you make like:
Louis Vuitton card holder comparison: • LOUIS VUITTON RECTO VE...
Louis Vuitton bags to avoid and alternatives: • 8 LOUIS VUITTON BAGS T...
Louis Vuitton key pouch vs key holder: • LOUIS VUITTON KEY HOLD...
Why I won't buy the East West Pochette metis: • WHY I WILL NOT BE BUYI...
Idyl:
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Preloved bags, trusted sites!
Fashionphile: rstyle.me/+KA_...
Online stores I love:
Farfetch: rstyle.me/+NPU...
Net a Porter: rstyle.me/+1VX...
Reiss: rstyle.me/+MWP...
Ted Baker: rstyle.me/+_eR...
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You can also find me on my other channel, Amelia Rose Talks @ameliarosetalks
IG: @amelia.roses.closet
Email: amelia@ameliarose.live
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#ameliarose #resalemarket #luxuryregrets
I’m so glad that you are doing this video! I actually think 50% of the original price is what most people should expect for bag that is excellent condition. If I am lucky I can sell luxury bag for 70% of the original value if I sell it on the various BST’s. If I try to sell to a consignment or reseller place (like Fashionphile, Yoogi’s Closet, etc.) I’m lucky to get an offer that is 40% of the original value. I have one buyout offer that was 10% of the original price, for a bag I’d perhaps used 5 times. Suffice to say, that bag is still in my collection!
I think that sometimes we forget that even if a bag has never been used it’s still a used bag and you won’t recoup even 90% of what you paid. Same way if you buy a new car drive it off the lot and then try to resell if even if you never drove it again. It stinks, but it is what it is. And there are bags and brands that you will just do better. Chanel mini’s in cavier you will sell well because they have been discontinued, but that is the exception not the norm. RUclipsrs who talk about making money on bags have been lucky or had a large enough audience that they could charge an influencer tax. That isn’t reality.
Losing money when you ell is just a fact. I’m so glad you are pointing that out. And, it’s why I think you should always return a bag if you have any doubts about a piece unless you have stupid money, because 99% of the time you will lose significant money.
I agree this should be said so people know the reality, they are generally not investments! And money will be lost.
We've all learned a hard lesson or two from buying the wrong thing, be it bags, clothes etc
It's happens 😊
It does happen! X
The way I see it is, I don’t smoke or go out drinking so even if I lose money on my bags, it’s no different to someone smoking or drinking their money away and it’s better for my health! 😂
Oh i like this!
Plus you can resell or give the bag away and it's something tangible that others can enjoy..
@@ameliarosescloset Totally! Bags got me through lockdown and it was really tough in parts of Australia it was longer and more restrictive than anywhere else in the world. I count myself lucky actually to have entered the wholesome distraction of bag world!
Plus you have something tangible and can always give it away, or sell it, and make someone else happy. It's all just stuff. We don't punish ourselves over a holiday that was a bummer, or a car that was a lemon but somehow punish ourselves over handbags. There is joy in them too. I think it comes back to reliving our childhoods. I'm very tough on myself and lately trying to take it a bit easier.
I appreciate the transparency in this video , you are about the only one that is willing to admit this. Kuddos!! Also you been having great topics
I appreciate that! Thank you x
Thanks again for your honesty. Money is a tool and not an end, hopefully. You did get joy out of those bags you sold, however fleeting. Our love for bags is not practical nor utilitarian, it comes from deeper within. Most of my bags I have never actually used and probably never will. I keep them because I simply love looking at them and they make me happy. ❤
I have a few like that and i will never let them go!
Good video. It’s hard to know a bag until after we pull the trigger
so true, we need to have it a while, try to use it etc
Thanks so much for this video! Agreed that bags are not an investment that's why I always say to people buy what you like!
So true!
You make a really good point: just because a bag comes with a cross body strap, it does not always work as a crossbody bag. I have found that shape as well as size can be an issue.
Absolutely, so many bags don't actually work for me, too structured or too bulky
Yes not only lifestyle is relevant, body type is too. I look ridiculous with the micro bags. They simply don't work for me at all.
I never used to like structured bags but as it turns out, they suit my figure the best. I even have an Alma PM on a cross body strap and it works well. I'm trying hard to downsize to smaller bags but cannot do it beyond a certain point. Big is good in my world!
Much thanks, I still have not done all of the work to sell (?) my "mistake" bags. I do know- cross body only, long chain and only what I really want. buying designer bags is murky water, but still fun.
It's def been a learning curve for me!
Great cautionary tale. I’d hate to think about doing this video 😱
lol it wasn't fun!
To your point bags are not investments and honestly whether in great condition or not its a used bag. Where the prices are today people looking at purchasing them a small saving is just not worth it vs getting a new one at the boutique. Unless it not available anywhere.
I agree, some prices on the resale market are crazy
Hi Amelia, I so appreciate your candor, sharing your vulnerabilities about bag selling. Very important lessons learned and a cautionary tale for us who subscribe to you. Meanwhile, its a journey and learning about bags, experiencing them and appreciating what works for you and doesn’t is priceless. Xo❤
Thank you so much!
@@ameliarosescloset it's also sweet how we are all bonding in here. I think that's quite special. I nearly made myself cry telling the story of my grandfather's watch, lol!
But I think the issue speaks to something of the bittersweet nature of things.
Omg, i crunch about how good deal some of your buyers got. Its brave of you to admit your learning progress and also to be so real about it.... luxury bags are a personal investment for the wardrobe but riskier asset regarding liquid cash in the bank.
Thank you so much!!
Thanks for sharing your journey. Appreciate your candor. I know how this feels....it does make me feel a little better at at least, most of the bags that I have "re-homed" were bags that I have used (or tried to use) and just didn't work out. I'd rather have someone else enjoy and love the bag rather than sitting on my shelf 😂😊
That's the way to think about it!
@@ameliarosescloset Totally! I'm the same with clothes and I get a kick out of people wearing and enjoying my stuff.
LOL I have a Chanel Bowling bag in black and it is a fabulous bag.... I have had it for 3 years now, it has NEVER left my home. But I'm sure AF not selling it.
This is my grey and pink petite malle!
Thank you so much for posting this video, Amelia. I have made mistakes with handbag purchases as well, and I appreciate your honest testimonial. So many articles and RUclips videos mention how designer handbags are an investment. It is enlightening to learn they are not, and this saves me from making more mistakes.
I cringe when i see the investment videos, so rarely is this the case
This video is exactly why I have bags in my closet that I won't sell. I might down the road but I can't stand the loss I'll take. I've sold some contemporary bags at a consignment shop and I regret it. These were just Coach bags but I regret selling them. I can only imagine that feeling would be amplified if I did that with some of my luxury bags. One day I'll sell them for a big loss but today is not that day. Yet. 🤣. Thank you for the video!
Wait until you have absolutely no doubts!
@@ameliarosescloset Good advice and that's exactly what I'm going to do. 💜 I can always lose money later. 🤣
Love your video. I have quite a collection of vintage bags that really don’t get used much. I missed out on the LV collaborations with Steven Sprouse, Takashi Murakami and others in the 2000’s because I was raising 3 kids and there wasn’t that kind of disposable income. When I started buying those bags on the preloved sites they weren’t that expensive at the time. I don’t carry them very often but I love looking at them. They really bring me joy because they remind me of that time period. The bags I buy to carry all the time have to fit in a certain category, like work, travel and shopping. The mistakes I’ve made is thinking a certain style would work and after carrying it I realized they do not. Example the Fendi bucket bag. I too settled for the bucket bag in the multicolored because the baguette was sold out. I will not sell it but I will not be buying another one. I love you chat videos because they are honest.
My multi colour speedy will never be used but is decor in my office
I requested this video. THANK YOU!
Hope you enjoyed it!
@@ameliarosescloset I did enjoy it. You helped me justify a purchase. Thank you again.
Out of the 5 designer bags I bought, I only kept one. Luckily, the 4 I got rid of were pre-loved so I didn’t lose as much as if I had bought them new. This was also before I knew my “handbag” self. 😅
You were lucky not to lose too much!
Same, except for my speedy (my first bag) I got my last two designer bags (lady dior and chanel jumbo flap) second hand and they were in literal perfect condition with the dior bag still having covers on the hardware. I know if I ever sell these I would probably get most of my money bag. I think pre-loved is such a good option to save money except hermes birkins and kelly which are actually way more expensive in the private market.
Half is actually pretty good to get in the US market I always try to tell people handbags are not investments! Even the Kelly’s in the Berkins are not selling
def a huge slow down
my impression of selling, just from browsing fashionphile prices is you're probably lucky to get near half back on any of the bags you sell. like i guess it softens the blow of having to get rid of something that didn't work out.
Selling shoes is even worse. I had some new shoes that were basically new (i scuffed the soles while trying them on so i couldn't return them) and only got 200 for them (they cost $1600). i'm never buying designer shoes online again, it's just not worth it. I feel like i should have just kept the shoes and tried to see if i could get them altered to work for me in some way.
Shoes are terrible if you are trying to sell them
I bought a tweed CF from Meredith for $7300 Cdn which already was a deep discount from what she paid. I didn’t love it as much as I thought so have tried selling it for $5000usd which would be $6500Cdn. Not even a nibble. So now it’s reduced to $4500usd less than a mini. The bag is in new condition and 22C so would have been at least $8800usd plus tax. I’ll never buy another tweed unless I’m absolutely crazy for it.
Tweed is so personal, apart from a few exceptions it will be hard to sell
@@ameliarosescloset I think I’m better off keeping it and hoping for more price increases and just trying to use it & make it work.
New sub! Hello from Michigan! Just want to say I really like your content (honesty) and find your accent really charming!
Thank you so much!! And hi from Ireland!
I love your honesty and if I were truthful I have also lost hugely. But I have used all my purchases and some I just didn’t like and just gave them away lol. How’s that for loosing money! Its fine, I now know what I love and what I hate and I don’t buy on impulse any more. Hahahahha yes yes it is hard. The struggle is real but it has saved me from making some terrible purchases. Love you dear.
Thank you so much x
Yeah tell me about it. I was about to sell a LV canvas and got a quote that really shocked me, it was quoted half of what i bought and that is in sought after canvas. The handbag is still in style like a hobo handbag and since big bag is also coming bag. Then i just decided to keep it, used it even i have used it once. I fell out of love with it because the handle when on my shoulder is just nice but if i were to get into the handbag, i cannot sling it to the front to get my stuff out but instead i have to remove it from my shoulder to get my stuff out. Lesson learned but will stick on to it and perhaps just attached a longer strap to make it work although the shoulder strap cannot be removed. I can feel our pain and yours will be more painful. 😬😪
It is so frustrating! And some of these things you don't know until you own it
Great video, I needed it a year ago, but I’m learning.
Still learning over here as well!
Sometimes you can regret selking something. That's why I dint get rid of any of my bags lol
I've regretted a few!
Hard lessons we have all been through . It is highly likely that you will not lose with chanel classic flaps too especially in caviar , I bought my small beige Clair in 2020 for 5400 $ , I sold it in April for 8200 $. The best profit I made in bags so far ! And it was not brand new ! I used it frequently but kept it in excellence condition
Chanel classic flap is def an exception
I call this the magpie syndrome: ....
you see something shiny and new, and you MUST have it!
Magpies get a fixed stare towards the shiny, regardless of the fact that the item is useless to them.
My grandfather was building fences on his farm and he took off his gold watch and put it on the fencepost.
Really heavy physical exertion can damage a watch.
A magpie spied the watch and swooped down and stole it!
This was a great loss to my grandfather who was very careful with money, the watch was also a sentimental thing to him and it grieved him greatly.
It was particularly challenging that he loved animals so much, he was a sensitive person and used to read poetry, particularly Keats and Wordsworth.
This is because he never played sport, due to being partially disabled. But he worked ferociously hard and was more successful than most farmers in the area.
His wife came from the Isle of Bute she also loved animals too. It was their thing. They would feed the domestic animals first before they ate, always.
I think of that magpie with the ticking watch...guiltless of its crime. Lol!
Be kind to yourself above all else.
Thank you, i can be caught up in this at times!
@@ameliarosescloset Yes but it's only human and the bird was just being the bird. We need to be kind to ourselves.
@@ameliarosescloset What I meant by the comment is we can be caught in a cycle of lapsing into the trance and then punishing ourselves. So the trick is to be aware of and therefore less intense about either state of being, but less judgemental. Then you can come out of it more easily, and the trick is to be kind. JIMO.
As the sonnet said. “Tis better to have loved and lost”. Or is it?
It is, i have learned from it!
So, here is the question: do you regret mostly that the chosen bags didn’t work for you and you had to part with them or that you didn’t make a proper research of resale market (at the time) and sold it a waaay too cheap?
I’ve always thought that once you resell an item that didn’t work for you (even in perfect condition) you need to prepare yourself for at least 20-30% loss (of coz there is a list of exceptions), but I’m a bit taken aback by the resale platforms these days. I think there are a lot of ppl who are completely delusional when it comes to setting the price. I’ll give an example. It’s been almost a year since I’ve been looking for a puzzle bag in a specific color+size and once it pops on VC the price is either the same as in the shop or even higher. It’s not a Birkin/Kelly and I can get this price from an official store but it makes me puzzled what was the thinking process when ppl put that price? I find it ridiculous that some sellers don’t get the concept of a resale platform. I also lost a lot of money on reselling my LV/Marni/etc bags. But that was a great eyes-opening experience about my own shopping habits. These days I don’t want to bring more of an expensive burden in my closet and mind. If it’s going to be a really pricey purchase than there will be some extra research and certain steps taken.
Probably that i bought the wrong thing and that i shouldn't have sold some. And yes some people are unrealistic on the resale market but i think it is slowing down. A problem for sellers on VC is the high commission
" it makes me puzzled what was the thinking process"....
The puzzle bag makes you puzzled! It's working for you without you even owning it!
If I’m buying preloved, I expect a deal. After all, it’s final sale in most cases. If it’s within a few hundred of retail, I might as well buy in the store or online so I can return if there’s a problem.
Same, unless it's a bag i can't find retial
Everyone makes mistakes as way to learn and grow, it is not a big deal!!
It has def been a learning curve!
Wow consideing how little u used the bags, the losses are significant indeed. It's ok, we learn along the way. Sometimes I comfort myself thinking.. well take it as I rented it 😂😅
I have def learned!!
Thanks for all of your great content!
I miss the Fendi Multicolor Baguette in your background. Is it stil in your collection? I love that bag but can't find it in those beautiful colors.
It's a fabulous bag but completely sold out i think
Thanks for sharing
Thank you x
Dear Ameila it's very sad 😢 My opinion the first three are really stunning you shouldn't have sold them, you shoud have given them a chance...and not every bag has to be worn crossbody. The sad thing is that you sold them not that you've bought them, because they're really beautiful and unique.
Definitely some i shouldn't have sold
Once you buy a bag the money you spend is already gone. I think people need to realize that your things are only worth the price a buyer is willing to pay. Its stupid to keep holding on to bags because of the ”loss” you will get from reselling, you already lost 100% of the price you paid and should be glad with the amount you get back, even if its 50%! If it just stays un-used taking up space in your home and mind, you still have a 100% loss. Maby even more if you keep paying for insurance..
This is so true x
Keep the Gabrielle!!
She's sold!
This is why you and Dayle are the most interesting and just relatable to watch. Your both say it as it is. Don't be too tuff on yourself, we all buy things that aren't us.
I bought a black lambskin Jumbo double flap, with the real gold hardwear. Loved it never used it, I'm like you always reach for colour. Sold it before all these price rises for $3000 Australia $. OMG stupid 🤪
Awh i feel your pain!
I feel in LOVE with your Chanel Gabriele, since i saw your Sale Vlog 😍 that strap its amazing 🤩 unfortunately can't buy it now 😢 cause if I could believe me it was already mine 😉 It fills all the boxes (brand, style, colour... And that strap😍) just missing the essential... Money to buy it 🤑 Yep, like you made a few wrong decisions and now have to sort it out before buying another bag 🙈But a girl can dream, right? 😂😂😂
I am definitely getting more selective and not just buying everything i like the look of
@@ameliarosescloset I'm becoming more selective too but sometimes the FOMO it's real and I can't resist 🙈
That’s such a shame to lose so much. If a bag arrives and you know it’s wrong, can you return it? I assume you often weren’t able to because it was just too late.
Too late, takes a while sometimes to figure out it won't work