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This Sunday, luxury consignment site Material Wrld is teaming up with Steven Alan on a clever new resale concept. From 10am to 6pm, Steven Alan customers will take over the company's 87 Franklin Street showroom—the home of the biannual sample sale—to sell merchandise from their own closets. It's like a stoop sale meets a flea market, only brand-sponsored and better organized.
Material Wrld, which officially launched in March after six months in beta, aims to give fashion-savvy shoppers a better alternative to consignment stores. The site makes it easy to set up a seller page and takes only 15% commission—much less than what you'd have to hand over in a brick-and-mortar shop.
The founders, both Harvard Business School grads, are obsessed with perfecting the art of pricing, and they've created an engine that recommends a price range for every object listed. (They're using the same system to price merch for Sunday's event.) The idea is to bring some order to the chaotic world of luxury resale, making the purchase of a pair of pre-owned Chanel heels feel more like buying a pre-owned car than like stuffing a bag at your local thrift shop.
Seller spots for Sunday have already filled up, but if you'd like to shop, you can RSVP here. Stay tuned—if the event goes well, the Material Wrld team plans to replicate it elsewhere.
· Re-Closet Party [Official Site]
· Material Wrld [Official Site]
· Steven Alan [Official Site]