Rebag determines, in its sole discretion, which Products are eligible for purchase by or through the Rebag Services and for which eligible Products Rebag will provide an offer. You waive any right you may have to receive specific notice of such changes or modifications, and your continued access to Rebag Wallet following any such changes or modifications confirms your acceptance. "Think of the art world or the auction world," says Layne. Membership in the Program ("Membership") is limited to individuals only and is limited to one account per individual. Once approved, we will proceed with the shipment of your purchase and you will receive a shipping confirmation email. As a Refer-a-Friend member (an "Advocate"), you are subject to Rebag's Terms of Use and Rebags Privacy Policy, as well as the following additional Terms & Conditions for Rebags Refer-a-Friend program: A Qualified Referral is defined as a purchase made at www.rebag.com by a person (a "Referred Customer") who arrives to our website by clicking your Refer-a-Friend program link. We also may allow certain analytic services and providers of applications used on the Services (e.g. Passing of Title. Pack your items in your box, then print and sign the invoice provided to include inside the package. Our courier can pick-up from your home, office, or doorman. We highlight products and services you might find interesting. Here is an in-depth overview of the 3 major US-based luxury resellers that can make selling . Humans can also consider the impact a new creative director has on brand value. Conversely, a brand could suddenly decide to actually meet demand and produce large quantities of a popular item, which would force the resale value back down. Modification. Hundreds of new items are released on Rebag.com each week. If you shipped your item to us, it will be returned to the address on file with UPS and signature confirmation required. FAN-FAVORITE TABBY BAGS ARE BACK. You can only receive and access Seller Funds if you have a Rebag account in good standing, and you can only use your Seller Funds balance by accessing it through your Rebag Wallet associated with your Rebag account. As Daniel Lee's designs began hitting the market, it lifted the resale value of all of Bottega Veneta bags, old and new. I normally take jewelry there for a deep cleaning, they also inscribed my wedding band and did a wonderful job." The above definitions are broad guidelines. As that number trends downward, the computer knows to automatically raise the price meaning the offer to sellers goes up, as does the listing price, which is typically around 30% higher. If after rejecting the offer you change your mind and want to accept the offer, you will need to open another transaction with us at which point, assuming the Product is still eligible for purchase, the new offer may be different as Product prices are subject to change. Most browsers are initially set up to accept cookies. What it means. In addition, Rebag is available by email, phone, or chat if you would like to inquire about any updates or concerns. It will be treated as a resale and there is no guarantee that we can purchase it and no certainty on the price but well give you our best offer. Accuracy of all Information. Listing agents don't receive a dime unless your home gets sold. but you can also get them consigned at a percentage, from 5% for cheap items to as much as 80% for goods that cost more than $300. You may request for us to remove signature tracking, but Rebag cannot be held responsible for the package if it is not successfully delivered. (c) Void a transaction. Shop Louis Vuitton handbags, jewelry & accessories online at rebag.com. "But for us, that's not a total loss, because we learned something. but also sell it within the same day - the bag's retail price will start around $120,000 depending on its size, and at auctions, its price will begin at a base of $90,000 and soar to upwards of $380,000. That's a fair comparison when talking about a bag that's truly rare or special, but what about items that don't seem that remarkable? From time to time, however, there may be typographical errors, technical inaccuracies, pricing or other errors or omissions. If you are unable to access any website content, feature or functionality, please email us at [emailprotected] or call us at 1-844-373-7723. Requirements. We encourage customers to apply 6 feet of social distance within our stores and will be limiting store capacity to allow for this. Rebag may withhold any payout earnings due to you (including any due for sold items of Property not subject to the dispute) in full or partial satisfaction of any amounts you owe to Rebag. Your Rebag Wallet Seller Funds account is not eligible for FDIC pass-through insurance. Every few weeks the price is dropped until it hits 90% off. SEE COACH (RE)LOVED. When they are being exchanged they need to follow the usual Rebag Guidelines. If a bag doesn't sell at the initial price, they discount it until it does, and if that final sale price is less than they paid for it, they eat the loss. Rebag Infinity only applies if the item was purchased on www.rebag.com, on the Rebag mobile app or in a Rebag store location. Starting with the fourth post each month, the seller pays a fee to list each vehicle. . Rebag founder and CEO Charles Gorra has made it his mission to make secondary behavior (aka resale) the new standard for luxury goods. How to Use Clair by Rebag: Get a Price Offer for Your Bags & Accessories Watch on It's as easy as 1-2-3. Recalculated Product Offers after Inspection. Updated; January 27, 2023 01:16; If we are able to offer more than, we will. There is also no obligation to exchange, so if you love it keep it! Otherwise, the changed offer will be re-issued, which you may accept or reject. Rebag reserves the right to modify this Agreement at any time. Rebag makes every effort to ensure the accuracy of all information you receive in relation to your Product. Here's an example of how other categories are charged: Books & magazines - 14.6% (up to TAOS of $7,500) Women's bags & handbags - 15% (up to TAOS of $2,000) Jewelry & watches - 15% (up to TAOS of $5,000) Art NFTs - 5% on TAOS Guitars & basses - 6% (up to TAOS of $7,500) Rebag The opening comes on the heels of Rebag's latest funding round in February, which raised $25 million and brings the company's total raise to $52 million and its employee count to just over 120. The site's "terms and conditions" stipulate that Real Real can discount anything placed for sale on the site by 20% immediately. We consider a variety of factors including, but not limited to: brand, condition, size, material, demand, seasonality, and current inventory. If you accept our offer, youll receive upfront payment within 2-3 business days after your bag passes our in-person vetting process. The Rebag app is available for download on Google Play and Apple store. The company only accepts bags from an exclusive list of fewer than 50 designers Gucci, Prada, and Chanel among others. Rebag Gift Cards can only be purchased on Rebag website and apps. *Percentage of original purchase price includes discounts and promotions, but excludes shipping and taxes, bringing it back to Rebag within 6 months, Up to 3 months: get 75% of initial value paid (minus discount) in Rebag Credit, Up to 6 Months: get 70% of initial value paid (minus discount) in Rebag Credit, Up to 12 Months: get 60% of initial value paid (minus discount) in Rebag Credit, You are exchanging the exact same item in the same condition as when it was purchased from Rebag, You submit your item for exchange no later than 12 months after the purchase date, Your exchange will be in Rebag Credit only, You are using the same Rebag account as the original Rebag purchase, In worse condition than expected, broken, odorous, or damaged, Not intended for resale (press sample, outlet item, employee purchase, etc. Final value fees follow a few general rules: If you don't have a Store, the final value fee on all items that you sell will always be 10%. -If you made at least $10,000, you'll get a discounted fee of 12%. When the brand itself is no longer producing that style, or has yet to reissue it, the resale market is a trend-hungry shopper's only resource, and it's not long before the algorithm notices the change in sale velocity and hikes up the price. Off White. Your Product must be received by Rebag within fifteen (15) days after you order the prepaid box or a pickup on the Rebag Website or drop your product off at one of our store locations (the "Delivery Period") or the offer shall automatically expire. We will use Non-personally Identifiable Information to diagnose problems with our servers and software, to administer the Services, and to gather demographic information. You must transact using your Rebag Rewards registered email address to have any Rebag Rewards points credited to your Rebag Rewards account. We respond to subpoenas, court orders, or legal process, or to establish or exercise our legal rights or defend against legal claims. This information is compiled and analyzed on both a personal and an aggregated basis. You agree that this Privacy Policy is part of our Terms of Use and Terms of Sales Agreement. All payment details are saved in a secured payment system. By accessing or using the Services, you agree to be bound by all of our terms and conditions. 13.25% if total amount of the sale is $7,500 or less, calculated per item. It takes 1 business day for a purchase to be processed before shipment. How it works Three easy steps 1 SIGN UP Schedule a pickup, ship to us or drop off Book now 2 LEAVE IT TO US Our team of 100+ experts will do all the work to sell your items fast Learn more 3 GET PAID Choose direct deposit, site credit (earn an extra 5% each month) or check See our commission structure What can I sell? "We look at the market holistically primary and secondary market but we have so much of our own data now because people sell to us, try to get quotes from us, as opposed to a consignment or peer-to-peer model," saysRebag CMO Elizabeth Layne. 1 18% started with a capital of $500 . If we have acted with reasonable precautions and/or in accordance with our legal obligations, we are not liable for any unauthorized, incorrectly, unexecuted, or delayed payment transactions when such issues were caused by abnormal and unforeseeable circumstances beyond our control. Rebag reserves the right to cancel any order at any time, before or after payment is processed, for security, fraud review or any other reason. We reserve the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you and, in such case, you agree to cooperate with our defense of such claim.