J
Jay2
Guest
Well, not to be the “rotten apple in the basket” here, but I’ll clue you ladies in on something…about purses… and the insane markup on them.
About 25 years ago I went to a “damaged freight” liquidation auction with 3 buddies. We combined our resources, bid, and won the contents of a small shipping container.
(This container ((about the size of a small in-town delivery truck)) had a huge gash ripped in the side. The declaration said “A large amount of water was gushing out of it when lifted from the ship”.)
The insurance wrote off the contents, and put it up for auction. One of the terms of the auction was the bids were “sight unseen”! Our container’s only description was “fashion accessories”. We had NO idea of the condition of the contents.
24 crates each containing 50 Gucci handbags. 300 purses for each of us!
After hitting every “boutique” within 50 miles, and selling them off (in lots of 10 minimum) I cleared over $20,000 - and bought my 1st house.
(Now remember, this was early '80’s dollars
)
The store owners stuck 'em on the shelves starting at $375… $300 bucks pure profit minimum on each one sold.
Why anyone would spend 3 - 4 digits for a leather sack with a name on it is beyond me… but I’m glad you do!
About 25 years ago I went to a “damaged freight” liquidation auction with 3 buddies. We combined our resources, bid, and won the contents of a small shipping container.
(This container ((about the size of a small in-town delivery truck)) had a huge gash ripped in the side. The declaration said “A large amount of water was gushing out of it when lifted from the ship”.)
The insurance wrote off the contents, and put it up for auction. One of the terms of the auction was the bids were “sight unseen”! Our container’s only description was “fashion accessories”. We had NO idea of the condition of the contents.
24 crates each containing 50 Gucci handbags. 300 purses for each of us!
After hitting every “boutique” within 50 miles, and selling them off (in lots of 10 minimum) I cleared over $20,000 - and bought my 1st house.
(Now remember, this was early '80’s dollars
The store owners stuck 'em on the shelves starting at $375… $300 bucks pure profit minimum on each one sold.
Why anyone would spend 3 - 4 digits for a leather sack with a name on it is beyond me… but I’m glad you do!