The RealReal is a marketplace for consigned luxury goods, where you can get some items for a fraction of their retail price, according to Sasha Skoda, head of womens at The RealReal.
“If you were to purchase a current season Gucci sneaker, they’re probably going to be priced pretty close to retail because they’re so in-demand,” Skoda says. “But if you were to purchase maybe a past season Tory Burch dress, you could potentially get it for up to 90% off the original retail price.”
There are other places to shop for these types of savings, too. But if you’re not shopping at a trusted establishment, you could be vulnerable to phony goods.
“The more brand awareness that exists about a specific brand, the more people try to counterfeit the product,” Serdari says.
Stay safe by sticking to reputable sellers. The RealReal, for example, has a team of experts that authenticates the items it sells. On the other hand, snagging what looks like a low-priced Prada tote listed by a seller you don’t recognize on eBay can be much riskier.
Outlet stores, where brands sell their products straight to consumers, can also be sources of savings, but they likely won’t offer the same items you would see from the brand elsewhere.