What you need to know about luxury consignment in Palm Beach

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Luxury consignment store RealReal opened its 18th store on Worth Avenue in Palm Beach last month.

With a focus on authenticated luxury shipments, the 331 Worth Avenue store sells a variety of items, including designer clothing for men and women, fine jewelry, watches, handbags, art, household items and more.

This is the second RealReal outlet in Florida and the first commercial store. The company also operates a consignment office in Miami.

The RealReal at 331 Worth Avenue sells a variety of items, including designer clothing for men and women, fine jewelry, watches, handbags, art, home goods and more.

Here are five things to know about the 10-year-old company:

The commodity of RealReal consignment history

Everything is on sale in RealReal stores, including furniture and decor.

For women, items include dresses to go from day to night; heels from Christian Louboutin, Chanel, Jimmy Choo; and investment handbags of the Hermès and Louis Vuitton monogram.

For men, brands include Gucci + Louis Vuitton and the streetwear brands of Yeezy, Nike and Nike x Off-White; casual weekend clothes like t-shirts and button-down shirts from Prada, Saint Laurent and Brunello Cucinelli; and backpacks, briefcases and weekend bags from Gucci and Louis Vuitton.

There is also a demand for fine jewelry and watches from Patek Philippe, Bregeut, Van Cleef & Arpels, Cartier and Rolex.

The RealReal opened on September 24 in a 1,700 square foot space previously occupied by the Sharis Palm Beach women's clothing store.  The focus of the business is authenticated luxury consignment.

For shippers, The RealReal accepts quality jewelry and watches, women’s and men’s fashion, home, art and children. Accepted brands can be found in the store’s designer directory.

Second-hand customer service

• RealReal outlets, including Palm Beach, offer free valuations of jewelry, watches and handbags

• In-person consignment appointment and curbside drop-offs

• Custom cleaning, repairs and modifications

• Shopping options that include same day online purchase, in-store pickup or curbside pickup.

Following:Luxury at a lower cost: RealReal consignment store opens on Worth Avenue

About the Palm Beach boutique

The Palm Beach RealReal occupies a 1,700 square foot space that previously housed the Sharis Palm Beach women’s clothing store.

One of the smaller RealReal locations, it was designed to reflect the Palm Beach lifestyle in an original and artistic way, the company said.

Senior Creative Director Bianca Wendt incorporated pops of color like turquoise, salmon pink and green throughout the store, and added a checkerboard floor with durable cork tiles.

The company also teamed up with the design collective Colpa Press to create a one-of-a-kind mural inspired by Kelly Klein’s book “Pools” as well as ads for perfumes from the 80s and 90s.

Is RealReal legitimate?

• RealReal has 23 million members worldwide.

• It has sold over 19 million items.

• The average monthly volume of new shippers from the first to the second half of 2020 increased by 28%

• 35% of new shippers in 2020 were between 18 and 34 years old

• The top five luxury brands with the highest resale value in 2020 were Goyard, Van Cleef & Arpels, Louis Vuitton, Hermès and Chanel

• The store takes between 15% and 70% commission on the items, depending on their value.

Luxury handbags line the shelves at The RealReal, a luxury consignment store that opened on Worth Avenue last month.

Points of sale

RealReal operates 18 outlets, including 15 stores where customers can sell their items, meet with experts, and receive free reviews.

Locations include Atlanta; Austin, Texas; Brooklyn, New York; Chicago; Dallas; Washington DC; Greenwich, Connecticut; Manhasset, New York; Marin, California; Miami; New York City; Newport Beach, California; Palm beach; Palo Alto, California; San Francisco.

Jodie Wagner is a reporter for the USA TODAY Network from Florida. You can reach her at [email protected] Help support our journalism. Subscribe today.

@ JRWagner5

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