Recently, a designer sent me a link to a bunch of high end furniture that a couple was selling because they were re-decorating. She asked if I was working with anyone that would be interested in the list of furniture.
‘Almost new leather sectional’ Retail price: $35,000; selling for the bargain price of $10,000. And it’s Rust.
Or here’s another example:
Craigslist ad: “Solid Oak dining table and Hutch” Paid $4,000, (back in 1990 which is not in the ad) selling for $1,200.
So here’s the reality of it. Furniture is so custom to each space there is no way you’ll ever get anyone to pay $10,000 for a rust coloured sectional, even if it is Roche Bobois. You’d need to run a major marketing campaign to find that perfect person to buy it even though it is a bargain.
And the oak dining table? The problem with that is, NO ONE wants an oak dining set from 1987. We want something current. Would YOU buy an oak dining set for your house right now?
You know how, when you move, your furniture suddenly doesn’t work in your new house? That’s because every space is custom. Your old sofa with a chaise on the right, suddenly needs to be on the left and it doesn’t work. It’s like taking the same outfit and trying to fit it on 5 different women. NOT GOING TO WORK. This is just one of the many reasons it is virtually impossible to recoup costs on old furniture.
So do yourself a favour, list it for a reasonable price and kiss it goodbye!
Having a beautiful home that makes you happy when you walk in the door isn’t worth hanging onto furniture that is holding you hostage! Much better to bite the bullet, sell it for a bargain to create a look and a feel that you love coming home to!
What’s the most you’ve ever made selling used furniture and what was it?