This fashion fashion consignment store is ripping off customers.

They will offer something for a discounted price but charge customers sales tax based on the original price and keep the difference for themselves.

The RealReal

The RealReal’s 2022 Luxury Resale Report Sees Outsized Demand For Vintage Products

Vintage is more than viable at The RealReal REAL -2.5%. In fact, it’s in great demand among every demographic, according to the resale platform’s 2022 Luxury Resale Report, which saw original owners capitalizing on the rising resale value of vintage pieces, and younger generations eagerly discovering vintage designs from Nineties luminaries such as Thierry Mugler, Jean Paul Gaultier, Vivienne Westwood, Prada and Missoni.

With more than 24 million members, The RealReal is something of a proxy for the shifting habits and changing desires of luxury consumers.

Iconic Nineties designers are seeing a spike in value, with Gaultier, vintage Prada and Westwood earning up to $2,100 for dresses, coats and bustiers, respectively.

This marks a shift from the luxury and designer resale platform’s early days. When The RealReal launched in 2011, it accepted for consignment items that were no more than a decade old. It turns out consumers covet the more unique and rare pieces as well.

“We’ve accepted vintage items for many years, but over the past couple of years we’ve seen a significant increase in demand for vintage among both our buyers and our consignors,” said Samantha McCandless, senior vice president of merchandising at The RealReal. “We’ve built out a team of vintage experts across our authentication centers that specialize in authenticating and pricing vintage pieces. We added vintage as a filter on the site in 2020 to more easily surface vintage items for shoppers.” – Source

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