The RealReal Wins Over eBay Luxury Power Sellers by Delivering Faster Sales and No Hassles

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Mar 31, 2014, 10:14 ET

SAN FRANCISCO, March 31, 2014 /PRNewswire/ -- Luxury power sellers are moving their resale businesses away from eBay and to The RealReal, the leader in authenticated luxury consignment. The RealReal (TRR) has successfully built the largest marketplace for fully authenticated luxury consignment in the U.S. It is winning power sellers from eBay by removing the pain points of selling on a do-it-yourself platform. The results are faster sales, quicker payouts, and elimination of time-consuming logistics.

eBay luxury power seller Michelle from All My Favorites and More, states, "Since I moved my luxury business to The RealReal nine months ago I have seen a 30% increase in sales over my eBay store. I no longer have to deal with customer service, shipping product, returns, lost shipments, customer complaints, etc… I get to focus on the fun part of reselling, buying awesome stuff and getting paid for it!"

Julie Wainwright, CEO, The RealReal notes, "It is our mission to bring buyers and sellers of consigned luxury goods together across all luxury categories in an environment that ensures product authenticity, high volume, fast sales, and superior service."

A Los Angeles area TRR seller comments, "I started selling on TRR last October and sales have steadily increased month over month. I will shift more inventory to TRR given the positive results. I currently sell approx. $15,000 per month on TRR. I plan to increase sales to $25,000 per month and beyond. My eBay sales have dropped dramatically (down 75%) since their peak in 2011."

The RealReal streamlines the sales process for small business sellers in 4 key areas:

1.)      Hassle-Free Operations
Sellers ship to The RealReal for free and its team handles insuring, receiving, inventory management, billing, shipping & returns, as well as ongoing customer service.

2.)      Expert Merchandising
Its experienced merchandising team authenticates the products, professionally photographs each item, and merchandises through beautifully curated sales.

3.)      Fast Sell-through
On The RealReal 75% of items sell within 3 days to a marketplace of over 2M members.

4.)      More Money, Fast Payment
The RealReal collects the revenue, and the seller gets paid up to 70% of the sale price each month!

The RealReal has jumped far ahead of competitors within the luxury resale market since its 2011 inception. It has landed in a sweet spot that weaves together authenticated luxury consignment with superior service, savvy merchandising, and ecommerce technology.

About The RealReal
The RealReal is the leader in authenticated luxury consignment and was founded in 2011. We offer the largest marketplace of designer brands such as Chanel and Louis Vuitton; fine watches and jewelry; and fine art. Our staff of authenticators, horologists, licensed gemologists and art curators accept tens of thousands of new products into our warehouses each month. We have won favor with consignors and buyers as a next-generation luxury consignment site by providing guaranteed authenticity of product and a superior consigning and shopping experience. Sellers receive up to 70% of the sales price of their items, buyers enjoy 90% off retail for superior quality luxury items. www.therealreal.com/consign

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SOURCE The RealReal