A new season is the perfect time to do a big wardrobe clear out, and determine what is worth keeping, and what is worth giving away (Marie Kondo eat your heart out).
And whilst we know that designer handbags are an excellent financial investment if you decide to resell them later – especially the Chanel 2.55 which is better than owning stocks apparently – should we be looking at our clothes as well for potential £££?
The short answer is yes, according to the experts at Vestiaire Collective, though it totally depends on which brands you’ve got, and they’re not as high end as you’d think, though of course a bit of Chanel or Dior goes a long way.
The ones that do best are cult brands such as Ganni and Rixo, and even better if they are styles that have sold out, though you want to act fast.
‘If consumers buy and sell within the same season then typically you can recoup between 70-100% of the value paid at retail. Cult items that are sold out will typically sell for more than retail,’ the team says.
The scandi brand is always popular, though one style that keeps selling out is the green spotted wraparound dress (‘it was sold out, so sells quickly on Vestiaire. Sellers can recoup 80% of the retail value’)
It doesn’t come as a surprise to know that Rixo is a brand worth investing in, with gorgeous print dresses that will be worn for many wedding seasons to come. This printed red midi skirt has proven popular, selling out everywhere and being sold on Vestiaire for just over £100, not much below the original sale price.
‘Anything from Realisation Par typically sells within 48 hours – again recouping around 80%+ of the retail value,’ the team says. The silk Juliet dress was see loads on Instagram last year, and is still so in demand that if you’re thinking of selling yours, you might just be in profit.