Decorating & Renovating
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Do rich people not sell their stuff?

I noticed on tv there is always donate, keep, and toss piles for D&R items.    DH laughed at me for this but rich people don't care to get any money for that 20,000  rug?

I know it's a reality tv observation - do you think this is true in real life? 

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Re: Do rich people not sell their stuff?

  • duplicate post
  • I would bet there is a consignment pile for pricey decor and furnishings
  • ditto BridesMom.

    That and it's all relative. A $200.00 rug to us is like a $20,000 rug to some rich people, so just like we wouldn't think twice about sending it to Goodwill when we're done with it, they're not thinking twice either.

    Also, I'm by no means rich but selling my stuff is such a giant PITA that it's worth it to me to just give it away rather than hassling with trying to make a few dollars off CL or a consignment store. I throw very little away though. It makes me sad and I can always usually find something to do with it unless it's broken or dirty.

    Sellers also have a tendency to think their stuff is worth a fortune. Buyers however think used = cheap and are only willing to buy for a few bucks....no matter how much the original worth.

    KWIM?

  • Some use it for the tax write off.  I admit that we donated all of the appliances that came with the house since we did not want to go through the hassle of trying to find someone to buy them.  One of my groups has a rummage sale every year and we are required to donate a certain amount.  Most of us are known to go back to the sale and pick up something that we really want from the sale. (Last year I picked up 2 pieces of silver and a big Waterford vase for under $20, this year my husband got a vintage Coach messenger bag for $10.  Ironically we go to see friends and bid on the auctions.)
  • You guys are crazy!  I sell tons of d&r stuff on CL so I can use the money to buy a different style of stuff. :). I do draw the line at rummages though  

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  • I'd also like to know what goodwills they use.  Dr Phil has mentioned several times which goodwill his wife donates her barely used designer clothes too.  I wish I lived in Cali.

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  • imagejennylove1084:

    You guys are crazy!  I sell tons of d&r stuff on CL so I can use the money to buy a different style of stuff. :). I do draw the line at rummages though  

    Here's the thing though. CL is relative to where you live as well. I have no doubt that it does well in suburban areas with young couples and families just starting out/needing stuff or kid stuff that they used only for a short time.

    Out here in Stickville. It's not worth the hassle. People don't decorate the way I do or at all so they see little value in that sort of stuff or just don't want it. It's also an older age range that can barely figure out the internet muchless CL. ;) Also in this small town the good stuff is always gone because someone always knows soandsos BIL's cousin's SIL's wife's best friend who is moving and could use whatever. ;)

    Our CL has crappy old couches and chipped end tables I'd have to drive 30 minutes to see in the furniture section. :)

    People out here use CL to sell their baby goats, leftover hay and farm machinery. :) I could find a sweet deal on that in about 10 seconds..lol.

    It's all demographics.

     

  • I have had success buying and selling on CL but it is a PITA to sell sometimes, especially when you don't have room to store something and just need it gone.
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  • I wouldn't say we are rich but we are very blessed. I honestly just don't usually want to deal with the ad, the people, the calls, the emails, the visits, the haggle, the issues that can occur when people have buyers remorse (had that happen one time when I sold a 15 year old used student edition saxophone on ebay - the buyer harassed me until I finally changed my phone number and blocked emails). 

    Anyway - in some ways I feel that donating what we no longer want or need (despite its value) helps others. 

    I do like to CL for items that I can refinish though. 
  • People on CL usually want cheap prices...like my patents tried to sell very pricey practically new modern Furn on CL (my advice) for less than half & got no hits. Consignment is better. My friend is very well off & selling $20k worth if Furn in her beachfront vacation condo for $3k but is only "advertising" to her friends. Very well off people probably hire designers who know where to sell high end stuff other than CL/online. My DDs private school has many rich families & hold a rummage sale once a year. That has tons if nice stuff but general public wouldn't know about it.
  • My parents buy on CL all the time. Then if they change their mind, they load it up and take it to goodwill. They need the tax write offs, so it isn't worth the hassle of trying to sell stuff. 

    Personally, I need the money, so I deal with the hassle.  I have sold the stuff I thought would never sell pretty quickly, but here in the Corpus Christi area, nice stuff is hard to sell. But I have room to store a few items while I wait for the right buyer, so I am patient.

  • I've sold some peices on CL but it was not worth the hassle.  This area is kind of scary with buyers who get mad if you do not respond quickly, I would never want to have to meet someone at my house and I would much rather just call a donation place, have them pick it up and let the CPA figure out the tax info.

     

    I will admit to keeping an eye on CL for certain peices and will buy them if they appear.  My current obsession is solid silver Tiffany Home peices (found one for $50 and am keeping an eye out on some of the sterling sets.  I might have to break down and buy one soon.) and a specific Kate Spade crystal bowl.  

  • I work as a fundraiser and a lot of the very rich folks are thriftier than you'd expect. They'll buy a new rug and move the old $20K one to their other property or give it to one of their kids.

    Depending on the region, there are some more upscale charity operations that they'll give their nicer stuff to (Housingworks in NYC off the top of my head) or nicer consignment places. I don't think any of it would show up on Craigslist -- too time consuming.

  • We aren't rich but we do have some nice stuff.  I just redecorated my living room and I posted on my facebook that I had a couch, some chairs, bookshelves, etc, free to a good home.  For me personally, it's not worth the hassle of dealing with craigslist, I'd rather pass on my gently used furniture to my friends for free, instead of haggling with someone and then getting like $100 profit.
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    imageThistle and Rose:
    Some use it for the tax write off.  I admit that we donated all of the appliances that came with the house since we did not want to go through the hassle of trying to find someone to buy them.  One of my groups has a rummage sale every year and we are required to donate a certain amount.  Most of us are known to go back to the sale and pick up something that we really want from the sale. (Last year I picked up 2 pieces of silver and a big Waterford vase for under $20, this year my husband got a vintage Coach messenger bag for $10.  Ironically we go to see friends and bid on the auctions.)

    Oh reeeeeeeeally?  You're in the DC area, eh?  Want to share the location of this rummage sale?  Wink 

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  • Tossed and Found was unfortuently this weekend. :-/ Keep an eye out for it next year on the JLW.org webpage.  Friday is the best shopping day (well worth the tickets) but Saturday and Sunday are open to all.  
  • My dad knew Dave Thomas (founder of Wendy's) through work.  His wife ordered a couch.  When she got it home, she decided she didn't like it.  Rather than return it, they just gave it to my dad.  They weren't close or anything.  My dad just happened to be at some business party at his lake house.
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  • I know a woman who is a designer and runs a high-end furniture store. Part of her services is taking away the old furniture, which she then sells in her consignment shop. I'll bet there's other back-end services like that.
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  • All the rich people I know are pretty thrifty at the moment but when the economy was good donating seemed to be the thing to do.
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  • I'm not rich, but I never sell my stuff. I always donate it or give it away. I don't have time to sell it.
  • We're not rich but we don't sell very many things. Partially because MH is out of town often and it creeps me out to have a bunch of randoms stopping by to look at stuff I'm trying to sell on CL but also because I feel like it's better to get the tax write-off.

    We do have a nice bedroom furniture set that we'll be trying to sell soon and it's going to be a pain in the rear. I'm not looking forward to it.

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