Description Model: M60042 50 Units in Stock
The Insolite wallet is made from House classic Monogram canvas. The double zipper opening, with leather zip pulls, gives access to coins without opening the wallet completely.
8.3 x 4.3 x 0.4 inches ( length x height x wi...
Online store offers designer quality The young man with the sandy brown hair holds up an orange handbag that at first glance looks like an.
His voice takes on an aggrieved tone, and his mouth curls into a hint of a sneer. For Matt Rubinger, this fake designer handbag is especially insulting because it's so badly done. The handles have the wrong proportions, the leather is too slick, the zippers are cheap, and the tiny keys to the bag's distinctive padlock haven't been tethered with a leather string, but instead are clipped to a metal key ring. To the average eye, the bag may look like an orange Birkin. To Rubinger, it is a travesty. Rubinger knows louis vuitton fashion bracelet if a bit of gold has been machine stamped or etched. That an empty Balenciaga bag should melt into a buttery puddle rather than retain its shape. And he knows how authentic Hermes bags smell, which is a bit like a saddle that has spent time on a horse. It's his job to spot fakes and make sure they do not end up on the Portero site and ultimately in the hands of its customers. There have been uncomfortable occasions when a seller, who in good faith wanted to put a purse up for auction, has to be told an embarrassing truth. "But it was a gift!" is the usual response, Rubinger says. Rubinger, along with experts in jewelry, watches and art, is part of the Portero experiment, which seeks to change the mind set of shoppers who indulge in high priced fashion. Co founder envisions a marketplace in which fashion shoppers will make purchasing decisions based on resale value, the same way someone might select a car or a condo. He also believes they will be willing to make those fashion investments using the Web if they can be guaranteed they won't be taken for a ride. In May, the Portero Web site boasted just the kind of fashion item that Sheldon believes exemplifies his concept: a used crocodile Birkin selling for $41,999 (a brand new Birkin can sell for as much as $85,000). "Wouldn't you be more likely to purchase a $42,000 crocodile bag if you knew you could sell it after you got tired of it?" Sheldon asks. "Which one could I justify: Polo or Hermes? Which would I buy if one holds its value better?" Sheldon is making this bet at a time when conventional wisdom defines luxury fashion by exclusivity, personalization and experience. That's the philosophy behind brands such as Goyard, which monograms its $1,000 tote bags, and Hermes, which keeps its supply louis vuitton duffle bag authentication of Birkin bags far below the demand for them. As good design has trickled down to H and Target, high end brands are distinguishing their flagship products by promoting limited editions and using the glamour of celebrities to lend pizzazz to their image. Portero positions itself as sort of an online Christie's to eBay's flea market. Portero has hosted 70,000 auctions, focusing only on high end merchandise in a few limited categories, such as jewelry, watches, art and handbags. Its typical sale ranges from about $6,000 to $10,000, Sheldon says, although it has sold a $30,000 diamond ring, and plenty of $300 used purses are for sale. "Some brands have more resale value than others," says, vice president of business development, noting that Hermes, Chanel and bags tend to hold more of their value online. Many of its sellers are dealers or the Web site itself, after having purchased goods outright from an estate, louis vuitton purses uk for example. Individuals are most likely to be selling handbags. Portero aims to appeal to sellers who consider their Chloe Edith handbags an investment. (Regular price? About $1,200. Used? About $700.) Portero wants to appeal to buyers who appreciate the convenience of online shopping but are more interested in acquiring a specific, genuine item than in getting a rock bottom bargain. "There is a market out there, call it an aspirational market, of people who really want that Chloe bag," Phair says. "With the pre owned market. it's OK to have last year's. The breathless fashion customer is ours, but on the selling side." Sheldon has homed in on one of the nagging problems of high end e commerce: "People can't trust luxury online," he says. "You're going to demand a bigger discount in the wide open market; it could be a fake. That's the reason for a super duper bargain. Ten pieces will be OK, and X will be bad. So there's a price ceiling." He believes a way to break through that ceiling is by taking a cue from luxury automakers such as Mercedes and cars that have been inspected and come with a warranty. He hires experts to inspect every item before it's put up for sale. "The security of knowing I'm not buying a fake is important, especially given the amount of money I'm spending," says, a satisfied louis vuitton agenda gm refill Portero customer. All goods come through the Armonk headquarters. Each piece is professionally photographed. A Portero employee prices the item and writes a description. Portero guarantees all purchases. The site's main investor, the Atelier Fund, is financed by the Swiss luxury conglomerate Compagnie Financiere Richemont SA, which owns or has interests in companies including Cartier, Chloe, Van Cleef Arpels,, Jaeger Lecoultre and the designer e commerce site Net a Porter. There is a circular element to Portero: The site sells a multitude of used merchandise manufactured by its primary investor. Portero takes an average commission of about 25 percent from the sales it facilitates. It expects $10 million to $15 million in revenue this year, says Sheldon, and hopes to be profitable in 2008. Not every brand has been eager to support the secondhand market. Online shopping, notes, executive creative director of Coach, is focused on the "transaction" rather than the "experience." And for many brands, the experience of the purchase is as important as the purchase itself.
Having an assortment of handbags spread out like chocolates by an attentive sales consultant is an intrinsic part of the Chanel brand. And of course, snobbery sells. Some brands "don't want someone who can't afford the bag" at least a new version of it "to have the bag," Phair says.
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