Clean out your closet and clean up

Online consignment stores boast quicker turnarounds and higher rates.

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From the Summer 2014 issue of the magazine.

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Don’t let that designer suit or the handbag you used only once collect dust. Instead, sell your gently used high-end clothing and accessories via an online consignment store specializing in luxury goods. With traditional bricks-and-mortar consignment shops, it can take months to collect your share (usually 50%) of the proceeds. But websites such as Portero, The Real Real, LOVEthatBAG and Luxuca leverage social media with glossy images to find buyers all over North America. The sites boast quicker turnarounds, offer as much as 80% of the resale value to the seller, and even facilitate shipping.

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