Reasons to Invest in Chanel + My Fab Finds at Fashionphile!

The Makings of an Investment BagY’all already know how much I love Fashionphile, the leading online reseller of pre-owned vintage, rare, and limited edition handbags from the most coveted luxury designers. It was founded by Sarah Davis, whose revolutionary vision of a safe and easy shopping destination for the buying and selling of luxury handbags, has enabled thousands to reclaim designer bags and accessories at exceptional value. If you’re looking for fabulous bag worth investing in, Chanel is one of the top brands because their styles stay hot for so long. Even bags that came out over 20 years ago are still in high demand today. What makes it such a key investment is that the retail prices increase every year or two. Check out the diagram of cost increases of a Chanel Jumbo Flap just in the past ten years. Keep in mind that classic styles, colors and silhouettes yield the highest resale value. Below are my fab finds at Fashionphile that are totally worth the investment.

Chanel at Fashionphile
Visit Fashionphile.com to view the entire selection of Chanel and other designer handbags and accessories.

Store Spotlight: Designer Vault Luxury Consignment

designer vault

Christina_Samoylov-pic

I am super excited to spotlight another fabulous consignment boutique – Designer Vault.  I previously featured 45 amazing Chanel bags from Designer Vault {here} and couldn’t wait to share more about the woman behind all of the incredible designer deals, Christina Samoylov.  She is a fellow FIDM graduate, savvy business woman and devout fashionista who I admire for turning a lucrative hobby into a successful career.

HR:  When did your passion for consigning begin?

DV:  When I was in college I became enamored with being able to actually afford beautiful things through the means of consignment.  As I grew (as well as my earning potential), I fell in love with consignment even more because those pieces I had scoured years ago were still able to sell for nearly what I paid for them. It was as if I had never spent any money at all!

HR:  How did Designer Vault come about?  Was there an “aha” moment while you were attending FIDM?

DV:  Through my education at FIDM I always toyed with the idea of being a buyer or a showroom rep for a big brand but at the end of the day, it just never felt right.  I always had this fire in my blood to be an entrepreneur and control my own destiny.  During my last quarter at FIDM I was taking an entrepreneurship class and in that moment I knew that’s what I wanted to be doing with my life.  I didn’t know how, why or what I just knew that’s who I was…an entrepreneur. Fast forward a few weeks later and I was cleaning the apartment when I noticed my husband’s Prada boots had holes in them.  Unbeknownst to him I listed them on eBay for $18.99 starting bid.  He wanted to trash them not believing that anyone could possibly want these shoes, 7 days later the shoes sold for $80+. My husband was flabbergasted and Designer Vault was born.

HR:  Did you have retail experience prior to launching Designer Vault?

DV:  Well, it depends what you mean by experience?  I never traveled the traditional route.  I grew up buying and selling from the time I was in 1st grade selling trinkets on my desk, to laundromatic buying, selling trading clothing in junior high school and then advancing onto eBay in the early 2000’s.  From there, I worked a slew of retail jobs in college from Aldo to Nordstrom and Tiffany & Co.  It taught me how customers want to be treated and how to provide clients with an experience they couldn’t even begin to expect.

HR:  I imagine that it must feel a lot like Christmas when new designer items arrive.  What is your process for determining whether a product is good enough to resell?

DV:  Well, first we check to make sure there is no damage to the item (rips, tears, stains etc.).  Once that has been determined we assess the brands retail value .  If we can resell it we will.  However, not all items are sold on our website.  We offer our clients a full service therefore, unlike other consignment stores who pick and choose what to take, we essentially take everything.  We inform the sellers what we feel is throw away, donate and items worth selling.  Items that don’t fetch as much we tend to sell through eBay.

HR:  What is the most rewarding and challenging aspect(s) of being in business for yourself?

DV:  The most rewarding aspect of being in business for myself is knowing I’m cultivating and growing this business.  Every decision I make will effect the outcome of the tomorrows.  I am constantly learning, pivoting and trying to do it better time and time again.  The most challenging aspect of being in business for myself is discipline, being able to get up at 7:00 every morning regardless of what happened the night before and not burn the midnight oil, and get to bed at a reasonable hour so I can do it all over again.

HR:  What are your favorite handbags for fall?

DV:  I’m really loving anything mini and micro mini, while it may not be practical they sure are cute!

HR:  Which designers do you follow, of any?

DV:  I wouldn’t say that I am one to necessarily follow ‘designers’ per se.  I live in a world of Chanel so I’m constantly engulfed in their past collections as well as staying abreast of what they are currently doing.  I like to learn something, become an expert and then think about something else.  Of course, I can’t be outfitted in head to toe Chanel because, it’s just not practical (nor affordable) at this point in my career so I tend to wear what I feel great in.  Some of my favorite brands are IRO, Zara, Parker, Vince, Rag & Bone & Joie.

HR:  What five accessories should every woman invest in?

DV:

  1. A classic Chanel flap
  2. A statement piece of jewelry whether it’s a watch, necklace, earrings–something that is your signature
  3. A fitted blazer
  4. Perfect fitting jeans
  5. A killer pair of black patent leather heels. (My personal favorite are the YSL Tributes!)

HR:  What bag are you carrying today?

DV:   I’m loving my Prada Saffiano Tote inspired by Olivia Pope via Scandal, she’s my style icon. Love her!

HR:  Are there any other projects/ventures that we can expect from you in the near future?

DV:  YES!  I am currently working on a new blog called, Hustle In Heels which is exactly what it sounds like.  So many women have asked me for business advice and frankly, there is a lack of informative yet interesting advice out there for starting out that doesn’t bore you to tears.  In the blog I plan on taking my personality and infusing it with my life lessons of starting a business from the ground up, in a way that you can both, laugh and learn.

** Be sure to follow Designer Vault on Facebook, Twitter, Pinterest and Instagram to get the latest new arrivals and designer deals!

Sponsored Post: Meet Jill + Shop Fabulous Bags at Jill’s Consignment

Jill of Jill's Consignment

I’m constantly looking for fabulous finds to share with my fellow handbag lovers.  I love shopping various consignment stores because there is always something new and, often times, limited edition, vintage and hard-to-find designer accessories that are priced less than the original retail price.  That being said, I will be featuring more fab finds and the owners behind the consignment boutiques.

One of my weekly stops is Jill’s Consignment because of their fabulous haute designer deals.  Whether you’re looking for Gucci, Fendi, Balenciaga, Prada, Marc Jacobs, Louis Vuitton, Botkier or Chanel, there are beautiful one-of-a-kind bags arriving daily that will make you want to whip out your plastic and start shopping! I had the privilege interviewing Jill, the dynamic woman behind Jill’s Consignment, and here’s what I learned…

When did your passion for consigning begin?

I worked in a friend’s consignment shop right after graduating from college with a journalism degree. I was just doing it until I found something in journalism but absolutely fell in love with the business.

How did Jill’s Consignment come about?

I worked in my friend’s store for about 2 years and knew that was what I wanted to do.  I had the consignment “bug” I guess you could say.  While working for my friend I learned the business and how to run a consignment store the right way.  I know there are many that give the good ones a bad name.  I began saving money to open my own store.  My Mom had remarried and moved to Orlando and really wanted me there too.  She loaned me the money and I moved there the next week!  I found my location in just a few days and opened up in Orlando, Florida in 1996.  From day one, the business was a success and quickly became the most popular consignment store in Orlando.

Do you have previous experience in retail?

Yes, from my family – I was born into the retail business. My Dad was President and owner of Furchgott’s of Florida, a large retail specialty chain and the first in North Florida to carry Gucci!  That was back in the 60’s, of course!

When a new designer item arrives, what is your process for determining whether it’s good enough to resell?

It has to be in really, really good condition.  Excellent is preferred, of course.  And I only take certain designers like Louis Vuitton, Chanel, Prada, Gucci, etc. I like items to have an original retail value of at least $500.  Not all do, but most do.  Of course, we have a lot of wallets, scarves, etc. with lower retail values but are very popular, so we take those as well.

What is the most rewarding aspect of having an online consignment shop?

Hmmmm… well, it’s very, very hard work contrary to what most people believe.  But the rewards are great.  I guess the biggest reward is getting boxes almost every day from wonderful consignors who trust us to sell their amazing items for them!  And, it’s wonderful to be able to offer those items at a great savings to customers who want them but don’t want to or aren’t able to pay the full retail price.

Give three reasons why women should shop and/or consign with Jill’s Consignment.

For our consignors, we will always get the best price we can for their items, we will have them photographed, inventoried and online within 72 hours and we will pay them promptly either right away for cash outright consignors or once a month for consignment.  For our customers, we will describe our items exactly as they are, we will offer them at a fair price and we will ship your item free of charge within 1-3 business days.  Of course, our customers can be assured that they will only get authentic merchandise from us.  I can happily report that in almost 20 years of business, we have sold thousands and thousands of bags, accessory items, pieces of jewelry and shoes and never a single fake item has gotten past us.

Who are your favorite designers?

Chanel, Louis Vuitton, Bottega Veneta.

Do you have a closet full of designer accessories?

Ready for this…. No.  I have a few LV bags and a couple of Chanel bags.  That is it.  I don’t buy what comes in.  I am a jeans and t-shirt girl and I work behind a computer all day.  The only people I see are the UPS man, the mailman and the FedEx man.  I have carried the same Louis Vuitton Neverfull PM bag for the past two years!

What bag are you carrying today?

Louis Vuitton Neverfull PM. It’s the best bag. You can put so much in it and lug it around and it lasts and lasts and lasts!

**If you are interested in consigning with Jill’s Consignment, click {here} for more information.**

Check out some of my favorite handbags currently listed –