- Joined
- Jun 15, 2015
- Messages
- 3,445
I try to post for 30-40% off, unless I got a screamin’ good deal - then I try to recoup most of what I paid.
How about you?
How about you?
I like thinking of the money “lost” as my rental fee lol.
Isn’t it odd that despite all the losses, we still keep acquiring? Lol. Like. We don’t learn that we don’t have to own every piece out there that makes our hearts flutter! Only to realize down the road that we found an even better one and Should sell one to find the other. At least for me, that is the case. I need to develop a rubric for jewelry shopping—to control my impulsive purchases just bc they are a great deal.
Now, I will say that 25 percent of the time, I lose up to 30 percent of my cost—so I guess that I list at 70 percent of price paid as my extreme. But, 70 percent of the time I have made all my money back and then some. So it’s hard to walk away from deals.
I've never posted things for sale because I needed the money (whether it be for a project or something else)...usually it is because I am forcing myself over guilt from having/spending too much.
I seldom take what I paid into account as my collection is a combination of preloved deals, vendor discounts and retail. I typically price things based on what it's worth to me at that point taking what I think it's fair preloved value is into consideration...if it sells fine, if it doesn't then it wasn't meant to be.
It surprises me when I see secondhand jewelry listed at, like, three pennies less than what the original purchaser paid lol.
I try to post for 30-40% off, unless I got a screamin’ good deal - then I try to recoup most of what I paid.
How about you?
I like thinking of the money “lost” as my rental fee lol.
@missy if I see something priced high, I assume the seller wants me to make an offer
Or that they’re crazy and not motivated to sell lol.
Maybe I am wrong but I had reached out to said vendor a few months ago for a quote and the item that was listed last night is, IMO, at least that quoted price new.
Perhaps she paid more for it than the quoted price I received just a few months ago but I would be surprised if there is any discount to this preloved item. I am not going to call out the specific item but just wanted to hear others thoughts about it. And perhaps she doesn't really want to sell it? That is my first thought when I see an item priced at what I think is near or at the original purchase price.
But, if I were going to list/sell a preloved item, I would list it at least at a 25-30% discount to the price I originally paid depending on the item of course. There is no one size fits all but as a general rule that is how I would do it.
I am always on the lookout for preloved pieces that are at least 30% what the original price would be.
Sometimes we have an emotional attachment to jewellery similar to that of our house and think it's worth more than what it is. Maybe they're searching for an uniformed consumer?
Most people I would assume would not pay for something preloved if they could get a brand new item at the same price as a new piece would have warranties etc.
Maybe she is searching for an uniformed customer as I do not think it is listed on preloved here. So that would explain that. It is completely here prerogative to list her item for whatever price she wants to of course.
I don't think I would automatically price based on a discount below what I have paid for it, especially if it's many years since I had it made. Of course I agree that it wouldn't make sense for anyone to buy preloved when they could get it made me for the same price, but a certain portion of of what I collect has gone up in value since I bought it, whether wholesale or retail. Unheated rubies and paraiba, Mahenge spinel, gold etc all cost more over time, so if I let it go for 100% of what I paid for it that might still be well below market value. $125 in gold from the 90s, is worth a lot more than $125 these days. $125 from the 50s is worth even more. I'd probably do the same as @lilmosun and price mine below comps, if I wanted to sell.