A Beginners Guide to Luxury Consignment 

A Beginners Guide to Luxury Consignment 

The luxury resale market has evolved dramatically over the past decade. What was once a niche market is now a thriving, global industry embraced by fashion lovers of all ages. Today’s shoppers are just as likely to find their next Hermès or Chanel bag via trusted consignment as they are at a luxury boutique. And sellers have more opportunities than ever to turn their under-loved pieces into profit.

Here at Michael’s Luxury Consignment, we’ve been part of that evolution. As one of New York’s most established and respected luxury consignment destinations, with over 70 years of expertise on the Upper East Side. We’ve helped thousands of clients successfully buy and sell designer fashion. Whether you’re new to consignment or simply looking to update your strategy for today’s market, here’s what to know about how it works (and why Michael’s remains a trusted industry leader).

What is Luxury Consignment?

In short, consignment is a smart, sustainable way to sell your luxury items. You bring your pieces to a trusted consignment boutique (like Michael’s) and we carefully evaluate and authenticate them. Then we handle the marketing and selling process for you. Once your item sells, you receive a portion of the sale price.

We act as your luxury fashion agent, leveraging our deep industry knowledge, loyal clientele, and high-profile location. Which helps ensure your items are marketed effectively and sold at the best possible price.

Why Consign?

• Maximize value: Luxury items, when properly marketed, can command excellent resale prices.
• Sustainability: Today’s conscious consumers value pre-loved fashion and embrace circular shopping.
• Expert handling: At Michael’s, we ensure every piece is authenticated, beautifully presented, and marketed to the right buyers.
• Turnkey experience: We do the work—you enjoy the payout.
  
  

How to Prepare for Consignment: 5 Key Tips

1. Know What Sells
We specialize in high-end designer labels such as Chanel, Hermès, Louis Vuitton, Gucci, Dior, and more. Items should be in excellent condition and in current demand. Unsure what’s trending? Just ask—we’re happy to guide you.

2. Bring Your Items Ready to Shine
Pieces in pristine, sale-ready condition move faster and fetch higher prices. Clean garments, polish shoes, and include original packaging when available. Small details make a big difference to discerning buyers.

3. Match the Item to the Boutique
Luxury consignment is about expertise and audience. At Michael’s, we serve a sophisticated clientele seeking investment-worthy designer fashion. This ensures your pieces reach buyers who understand and appreciate their value.

4. Work With Trusted Experts Not all consignment stores are created equal. Our Upper East Side location and reputation for integrity, exceptional service, and deep luxury expertise has made Michael’s a trusted resource for both consignors and shoppers alike, for over seven decades.

5. Call Ahead
Our inventory and client needs change seasonally. We recommend contacting us to confirm what categories we are currently accepting. It’s a simple step that saves time and ensures your consignment experience is seamless.

10 Ways Maximize Your Items for Consignment

Why Choose Michael’s?

Michael’s Luxury Consignment is not just another shop—we are a long-standing New York institution. Known for impeccable service, deep industry knowledge, and a curated approach to luxury resale. Located on the Upper East Side, we attract a discerning clientele of fashion insiders, collectors, and style-savvy shoppers. Offering your items unparalleled visibility.

We are proud to have cultivated decades-long relationships with both our consignors and our buyers. We bring the same level of trust and expertise to every new partnership. Whether you’re a first-time consignor or a seasoned seller, our team will guide you through the process with professionalism and care.

Ready to Get Started?

If you have luxury pieces you’re ready to consign, we would love to work with you. Bring in your items, and let our team help you turn them into opportunity, all while supporting a more sustainable, circular approach to fashion.

Have questions? Contact us today. We look forward to welcoming you to Michael’s.