Hi guys, I'm Eileen. Today I want to share with you the luxury items you should consider selling.
In the last few years, I've been downsizing my luxury collection a lot and I've sold
several luxury handbags, designer shoes, and even fine jewelry. And let me tell you,
letting go of the pieces that no longer serve me, feels so liberating. Not only
have I recouped some money, I also no longer have to pay for insurance for those pieces,
and they are not taking up space in my closet. I've done several videos sharing
the pieces I've sold, so if you're interested make sure to check them out, but today I want
to specifically talk about the five luxury items you should consider letting go of,
and hopefully this video will give you a good idea about how to curate your luxury collection.
First of all you should consider selling the pieces you are too scared to use, and there are
many reasons for this. For example, you might be worried about scratching a very delicate leather,
or you're nervous about color transfer, or a handbag is just attracting too much unwanted
attention for you. Essentially these are the pieces you struggle to enjoy without stressing
yourself out. I'm a firm believer that we should own our things and not the other way around.
So if something is causing you anxiety rather than bringing you joy, it's time to let go.
Now I've received a lot of questions asking what is the best way to sell designer pieces.
I'm very lucky that I have a modest following so I do sell a lot of my luxury pieces myself,
but I know this is not an option for a lot of people. So for those of you who are looking for
a reasonable return, but at the same time you want to just sit back and relax, consignment is the way
to go. And one website you should certainly look at is SACLÀB, especially if you're based in the UK
or the EU. Their form literally takes less than 60 seconds to fill out and submit. More importantly,
shipping will be paid for, and your handbag will be fully insured until the sale has been
completed. Once your handbag arrives in SACLÀB, it will be carefully handled and authenticated
by their experts. One thing I really love about SACLÀB is that they take some really good quality
photos, and their description about every item is really detailed. And I feel like this is the kind
of consignment service you want to use because you want your potential buyers to know exactly
what they are getting. Rightfully, there's a sale commission which is about 12 to 20 percent but I
feel like for the higher value pieces, paying for a professional service can be really worth it.
In fact, a few months ago I came across a story on Instagram where a blogger sold her
Hermes Birkin 30 but sadly it got lost in the post. Even though she did pay for the
full insurance coverage for her bag, the courier only agreed to refund her a fraction of the price.
It was really devastating and you can certainly find out more on her Instagram page. Anyway,
for those of you who are really into Hermes, Chanel and Dior, you'll be glad to know that
SACLÀB is especially specialized in these luxury brands, so your handbags will be displayed to the
right target audience, which means the sale will happen a lot more quickly. If you're
a bit nervous about selling your handbags, SACLÀB will keep you updated along the way
and you can even contact the team via Whatsapp, so it's a very professional yet personal service,
so make sure to check them out. The second group of luxury items you should consider selling
are the pieces you are holding on to simply because they are memorabilia, such as gifts and
presents from your loved ones. Now I used to feel really guilty about selling sentimental pieces,
but as the old saying goes, it's the thought that counts. So I think what matters is that
we appreciate the kindness and the generosity of the giver rather than fixating on the gift itself.
I love gifting and I personally would not want my gift to burden the recipient if it doesn't
bring them any joy, but I'm quite curious to know if you'll be offended if someone sells on
a gift from you? So please let me know down below. Anyway over the years my husband has
bought me quite a lot of luxury items but sadly a lot of them didn't work out. So for example,
he bought me Chanel wallet on chain which I never really used because I found the chain too long and
the size of the bag too small for me. So after a lot of considerations, I decided to sell it.
Another one was the Cartier Love bracelet, which he bought for me as a push present,
so it was a very special piece, but I had to let it go because it just wasn't the right fit
for my lifestyle. I'm glad to say I've had no sellers remorse, if anything it taught me that
my relationship with my husband is not defined by a piece of jewelry or a luxury handbag. Moving on,
you might also want to consider selling pieces you have multiple of and as a result, every single
item is now receiving very little attention from you. And one group of items that really
stand out to me are small leather goods. I might be biased because I'm a very practical person,
so I find transferring things between small leather goods very tedious. So I never really
understand why there's a need to have a collection of card holders for example.
I guess you could say the same for luxury handbags but I feel like at least for bags, they are quite
noticeable accessories for our outfits, whereas small leather goods are mostly hidden away.
I did however, go through a period where I was obsessed with buying small leather goods,
even when I had no use for them. Eventually I came to my senses and I sold most of them,
including two pieces of Louis Vuitton toiletry pouches, the Louis Vuitton coin purse,
and all my Hermes leather charms. Honestly I feel so much lighter because I no longer
have to look after those pieces that I had no use for anyway. While we're on the topic of multiple,
some of you might know I used to have a collection of bracelets, including the Cartier Love bracelet,
the Cartier Juste Un Clou bracelet, and the Hermes CDC bracelet which I still have. Out of the three
pieces, my favorite has always been the Hermes CDC. And seeing I'm never really into stacking
my pieces, I figured it was quite pointless for me to have a collection when I only reach for the
one piece. Therefore I decided to downsize and only keep the Hermes CDC. So if you're looking
to curate your collection, definitely look at the items you have multiple of. Another group
of luxury items you should consider selling are those you are holding onto simply because they
have very poor resell values. Now I understand certain luxury items inherently have quite poor
resell values. Ready to wear and designer shoes for example, depreciate in value really quickly.
This is why I'm quite reluctant to sell my designer shoes. So I prefer to just keep wearing
them until they are ready to retire. However, if you are leaving a certain item in your closet to
collect dust simply because you find hard to swallow the loss, I think it's time to let it go.
After selling many items from my own collection, I completely understand the pain of losing money
but i just try to look at it from a different angle now. So basically if I leave the item in
my closet and not use it, I've lost all my money. Whereas if I could even get 40% of my money back,
I could use that money for investing, travel, or buy something else that I actually enjoy.
So by all means, do your research but if the resell value looks quite low across the board,
it's time to bite the bullet and cut your losses. The next luxury items you should consider selling
are those you've actually forgotten about. It might sound unbelievable but it actually happened
to me. So years ago when I knew nothing about intentional spending, I would always try to make
myself happy by shopping. At one point I had close to 20 luxury handbags, most of which I didn't
really reach for. To be honest, I'm not quite sure what I was thinking but it is possible that
I was using my designer handbag collection as a way to validate my hard work and achievements.
Anyway, one day I was trying to put together an outfit for a friend's wedding when I saw
this Chanel handbag in my closet and I thought oh my, I nearly forgot I had these in my collection.
The bag was in a dark beige color with silver hardware and it was from a seasonal collection.
I felt really guilty but at the same time it was an epiphany moment for me and I knew I had
to downsize. Quite simply, if you don't actually remember you have the item in your collection and
you've been living well without it, it's a pretty good sign that you don't need it in your life.
So I would highly recommend you to do a bit of spring cleaning and see if there are items you've
forgotten about and sell them on. For those of you who are a bit more drastic, I would also suggest
to let go of the pieces you've not reached for in a year. I feel like 12 months is a good period to
see if you can make something work for you again, because if you've gone through four seasons
without touching something, it's quite clear that the item is not a good fit in your life. There you
have it, those are the luxury items you should consider selling. Now i'm not suggesting for a
minute that you should rush into selling anything, but I feel like there will be times when we just
have to acknowledge that certain items don't serve us anymore. I've had many luxury regrets myself,
and selling those pieces on is really one of the best things I've done for myself.
At the end of the day, luxury items are just things, so they really should cater
to us and not the other way around. So that's it from me, thank you so much for watching,
and don't forget to share, like, and subscribe. I will see you in my next one, have a nice day.