The rise of second‑hand shopping has firmly reached Malaysia in recent years. Despite Malaysia’s pre-loved market generally being cheaper than most countries, growing debate surrounds the pricing of these items—particularly designer handbags—which many argue are often overpriced given their condition and resale value.
Pre-Loved Prices Generally Much Cheaper in Malaysia than in Europe/America
While some pre‑loved stores offer items at much lower prices, concerns have emerged about other sellers who openly list readily available Chanel or Louis Vuitton bags and wallets at prices even higher than those in official boutiques.
The scarcity mindset on certain items grew exponentially back during the Covid lockdown days where prices were rising sky high.
A Threads user recently highlighted controversy in Malaysia’s pre‑loved luxury market after spotting a store selling a Louis Vuitton vanity in “new condition” for RM900 more than the official boutique price. The item is also readily available for online shoppers through Louis Vuitton’s official website.
As some users point out, consignors often expect high returns when placing their items in pre‑loved stores. To meet those expectations, stores may list products at inflated prices, sometimes even higher than official boutique rates.
The best way for consignors to ensure realistic pricing is to review past sales data and check what similar items have actually sold for, rather than relying solely on desired margins.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
