EBay Is Diving Deeper Into the Pre-Owned Pool
The tech company is launching a consignment service for sellers of luxury fashion goods, starting with handbags.
While the initial launch is limited to designer handbags, the service will expand to include jewelry and watches as well as other luxury categories next year, the company noted in a news release.
“Our top priority is to respond to the ever-evolving needs of our customers, and continuously delight luxury shoppers and sellers,” said Tirath Kamdar, global general manager of luxury at eBay and co-founder and former CEO of TrueFacet.
The move better positions the company to compete with sites like The RealReal and follows the company’s experiment with a pre-owned luxury pop-up last November in New York City’s Diamond District.
The introduction of a consignment service comes on the heels of several other moves the tech company has made to bolster its reputation and make it more competitive in the global, multibillion-dollar market for pre-owned luxury goods.
The company introduced “eBay Authenticate” for luxury handbags in 2017 and expanded the service to jewelry in 2018.
In 2020, it came out with its “Authenticity Guarantee.”
It expanded the guarantee to jewelry last year, partnering with the Gemological Institute of America for the service, which, it said, covers more inventory than eBay Authenticate and is free to both buyers and sellers.
Earlier this year, eBay introduced “Certified by Brand.” Brands and authorized sellers participating in the program get a “Direct from Brand” or “Brand Authorized Seller” badge on their listings.
EBay said longtime seller Linda Lightman, founder of Linda’s Stuff, will be its partner for the launch of the consignment service for luxury handbags.
According to the company, users who want to consign an item have to fill out an intake form. Once submitted, they will receive an insured, pre-paid shipping label.
Ebay and the consignment partner for that category will photograph, price, and list the item.
If it sells, the consignor will receive a percentage of the sale, which is based on the sale price.
The service is available for new or pre-owned purses.
There is no minimum or maximum price point, but the service is limited to a total of 33 brands, high-end names like Balenciaga, Chanel, Fendi, Goyard, Gucci, Hermès, Louis Vuitton, Saint Laurent, and Versace.
The Latest
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
The Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.