I was always told that patience is a virtue.
Like many of you, my elders taught me to understand its importance and encouraged me to put it into practice whenever I experienced difficult moments or encountered a situation that warranted some self-control. Thankfully enough for those who came before me, I did indeed internalize most of their teachings and now consider myself a pretty principled person in most regards, but according to both my credit card statement and my Saks Fifth Avenue purchase history, I still do occasionally succumb to my most unshakeable vice: buying designer goods.
I promise I can stop whenever I want, but since I have no plans on halting my dance with the designer devil any time soon, I figure I might as well go about tending to my habits in the most pragmatic way possible – by remaining on the lookout for good deals. (Surprise surprise, this also requires a great deal of both persistence and patience. I guess you win again, Grandma.)
When it comes to bagging a bargain, most luxury lovers turn to the secondhand market to save some money. This is obviously the most common and the most sensible option as there are a plethora of excellent reseller site options such as Fashionphile, Farfetch, Rebag, etc. that can help you snatch up goods at discounted prices while simultaneously removing the guesswork that comes with self-authentification. Almost all of my collection pieces have come from one of these sites, including my most recent purchase, but unbeknownst to some, they are definitely not the only ways to practice being tight-fisted with your funds. If you have a bit of patience and a really good eye there are actually a few alternatives:
Cosigned Collection Pieces
One of my favorite ways to save money on designer items is by checking out the local consignment shops in the more affluent area of my city. This may sound like a big DUH! but still, too often people think of consignment shops as nothing more than mid-range fashion’s final resting place. Not necessarily true.
If you are lucky enough to have a higher-end consignment shop somewhere near you, I strongly encourage you to peruse through it during your next lunch break. You will be surprised what you’ll find. I’ve been rocking a couple of Loro Piana cashmere sweaters from my local shop for a few years now. Total price paid: $170.
I also once had a beautiful white Akris Punto shirt that I bought with the Bergdorf Goodman tag still on that I paid $15 for. The original price was $300. It was my most favorite bargain buy that I unfortunately no longer have because my husband spilled red wine on it. (And yes, I am still very bitter about it.)
Clothes, shoes, sunglasses, designer athletic wear, you name it, you can probably find it in one of these places. I’ve never personally bought a purse from one of these shops but I have seen plenty of them perfectly perched on the shelves behind the main desk. The last time I dropped by my local fancy fashion consignment store I saw a very modestly priced orange Louis Vuitton OntheGo tote and a pink Hermès Bearn wallet.
Social Media Shopping Spree
As a disclaimer: I have never personally purchased anything via social media. I think it is risky and am honestly too cowardly to do it; however, I do know that there are people who do it successfully without getting ripped off or ending up with a fake. If you are brave enough and have both a great eye and some social media street smarts then it may be an option for you.
There are a few ways to go about buying items off of social media: via a fashion reseller app like Depop or Poshmark or via the IG/FB/whatever page of a well-known luxury collector.
In the first instance, it is pretty easy to find vintage pieces for really good prices. If you refuse to lose your love for the early 2000s and are looking for something with the Louis Vuitton Multicolored Monogram then you should have no trouble finding it on one of these apps.
In the second instance, it should be known that there are many trusted luxury collectors that sell things via their personal or business pages. Off the top of my head, I can think of a few Tokyo and Dubai-based luxury consignment shops that like to show off their stock on their IG pages. Also, it should be known that there are some luxury YouTubers, bloggers, and content creators that keep their collections fresh by rotating things out via selling items on social media. If you follow their channels and pages then you may encounter the opportunity to cop something special without the extra competition.
*stares intensely at Megs*
C’mon, we’re waiting…
The AMEX Advantage
Many times, credit card brands give extra perks to their more “exclusive” cardholders to help them save money with cashback or by building up a backlog of redeemable points. American Express is the most notable but I know that Chase and J.P Morgan also issue cards with some pretty awesome benefits.
If you have either the AMEX Platinum or the oh-so prestigious AMEX Centurion card then you have access to a wide range of exclusive offers for designer fashion. As I write this, cardholder benefits currently include:
- Tiffany & Co. (+2 points for any dollar spent)
- Bloomingdales (Spend $75, Get $15 back)
- TheRealReal (Spend $200, Get $40 back)
- Jimmy Choo (Spend $750, Get $150 back)
- Farfetch (Spend $300, Get $60)
- Salvatore Ferragamo (Spend $500, Get $100)
…The Outnet, Stuart Weitzman, Karl Lagerfield Paris, Rag & Bone, Saks Fifth Avenue, etc.
Trust me, with all of those perks, the ridiculous annual fee tends to pay for itself.
I’ll stop here for now or else this post will be too long, but as you can see there are many different avenues that one can utilize to get a great deal. So now my dear PurseBloggers, I want to know: What are your favorite ways to bag a bargain? What is the best deal you have ever gotten? Do you have any awesome savings tips that you want to share? Tell me in the comments!