FAQ

How are the Bags Authenticated?

Our handbags are professionally authenticated through trusted third-party partners to ensure quality and authenticity.

Where are your items consigned from?

We source our handbags from reputable retail stores and trusted luxury sellers, ensuring a curated selection of high-quality items. This approach allows us to offer authentic, sought-after pieces while maintaining the highest standards of trust and transparency.

Where are the handbags stored?

Our luxury handbags are securely stored in a fully insured, state-of-the-art third-party storage facility. This ensures that each item is protected under the highest standards of safety and care until it reaches our clients.

Can I use the handbags I have purchased?

To preserve the quality and value of your own bag, we do not permit its use while it is in our care. However, under our tiered system, you have the freedom to enjoy and use items from our exclusive luxury stock collection.

Can you source an Item I am interested in?

We have a great degree of specialty in sourcing any luxury bag or item you desire through our network of reliable and trusted contacts. This ensures access to exclusive pieces, tailored to your unique preferences and needs.

IS THE LUXURY BAG MARKET REGULATED

The luxury bag market does not operate under a formal regulatory framework. However, a combination of legal protections and industry practices ensures quality, authenticity, and consumer confidence. For collectors, understanding these measures is essential to making informed prudent decisions when acquiring or selling luxury items. Key considerations include:

Intellectual Property Protections
Leading luxury brands protect their designs and trademarks under intellectual property laws, such as the Trade Marks Act 1994. These laws deter counterfeiting and unauthorised use of brand assets, safeguarding the value and exclusivity of collectible pieces.

Sanctions on Luxury Goods
Government sanctions can impact the trade and export of luxury items. For example, restrictions on supplying luxury goods to certain countries are part of broader international measures. Collectors should be aware of how such regulations may affect availability and market dynamics.

Anti-Counterfeiting Measures
Counterfeiting remains a significant challenge in the luxury bag market. Leading brands employ cutting-edge authentication tools and serialisation methods to combat fakes. For collectors, utilising professional authentication services is crucial to ensure the integrity of an acquisition.

Industry Standards and Advocacy
While not formally regulated, organisations such as the British Fashion Council advocate for best practices and policies that benefit the luxury market. Initiatives like lobbying for VAT-free shopping for tourists help enhance the global appeal and accessibility of luxury goods.

Why It Matters for Collectors
For collectors in luxury handbags, understanding these protective measures is vital to building a valuable and authentic collection. Our service ensures access to trusted networks, expert authentication, and insights into market trends, helping you navigate the complexities of this unregulated but highly prestigious market with confidence.

Delivery to Your Home or Secure Storage?

We offer flexible options for the delivery of your luxury collectibles. You can choose to have them delivered directly to your home for immediate access and enjoyment. However, many of our clients prefer to store their valuables in our secure warehouse in London.

Our storage facility is specifically designed to maintain optimal conditions, ensuring your luxury bags remain in pristine condition while being protected from environmental factors and unauthorised access. This option provides peace of mind and helps preserve the value of your collection over time.

WHAT ARE YOUR FEES?

At Luxury Partners, we operate using a transparent fee structure:
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Commission on Profits: We charge a 10% commission on the profits of any item acquired and sold through us. This ensures our interests are aligned with maximising your returns.
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Markup on Sales: For items sold, we apply a markup that is included in the final sale price. This covers our expertise, services, and access to our exclusive network.

WHAT HAPPENS IF I NEED TO SELL QUICKLY?

Luxury collectibles are not as liquid as stocks or bonds, and typically require time to find the right buyer who appreciates the value of your item. However, if you need to sell quickly, we offer the following options:
1. Expedited Sales: We leverage our extensive network of collectors and buyers to facilitate faster transactions. While this may involve pricing adjustments to attract immediate interest, our goal is to ensure a fair and efficient process.
2. Consignment Opportunities: For urgent sales, we can place your item on consignment with targeted marketing to accelerate its visibility within our buyer community.
3. Private Sale Consultation: Our team can explore off-market opportunities through private sales, connecting with high-net-worth individuals or institutions interested in acquiring exclusive pieces.

What Are the Risks?

Investing in luxury collectibles carries certain risks that collectors should carefully consider:
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‍Market Liquidity: Luxury bags are not as liquid as stocks or shares. Selling a piece may take time, particularly if market conditions are unfavorable or if the right buyer is not readily available.

‍Value Fluctuations: The value of luxury bags can fluctuate based on factors such as fashion trends, brand reputation, and overall market demand. While some pieces may appreciate in value, others may depreciate or fail to generate returns.

‍Market Trends and Demand: External factors, including shifts in consumer preferences or economic downturns, can impact the demand and resale value of luxury items.

‍Authenticity and Condition: The value of a luxury item is significantly influenced by its authenticity and condition. Without proper storage and care, a piece may lose value over time.

‍Limited Guarantees: While historical trends suggest that certain brands and rare models tend to hold or increase in value, there are no guarantees of profitability. The market can be unpredictable, and each piece carries its own set of risks.

At Luxury Partners, we mitigate these risks by offering expert guidance, market insights, and access to secure storage solutions to help protect and enhance the value of your collection over time.

What Is the Minimum I Can Invest?

At Luxury Partners, you can begin your collectibles journey with a minimum purchase of £5,000.

Do I Need to Pay Tax?

We strongly recommend consulting with an independent tax advisor to understand your specific obligations. Generally, if you sell (or "dispose of") a personal asset, including luxury collectibles , for £6,000 or more, you may be liable to pay Capital Gains Tax (CGT) on any profit ("gain") made from the sale.

Tax regulations can vary based on individual circumstances and jurisdiction, so seeking professional advice is essential to ensure compliance and accurate reporting.

Are Returns on Luxury Items Guaranteed?

NO, returns on luxury items are not guaranteed. The value of luxury goods can fluctuate based on factors like market demand, brand reputation, rarity, and evolving fashion trends. While some pieces may appreciate over time, others may not retain their value or could even depreciate. It is essential for collectors to understand the dynamics of the luxury market and to approach purchases with a well-informed and realistic perspective

Are You a Broker or a Financial Institution?

NO, we are not a broker or financial institution. We are a luxury service specialising in the acquisition and sale of collectible luxury items. Our role is to provide expert guidance, market insights, and access to exclusive pieces, as outlined in our terms and conditions.

Our primary focus is on curating and facilitating transactions within the luxury market. We do not offer financial or brokerage services, and our activities are limited to the expertise and services detailed in our scope of operations.

FAQ

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