Whether you’re new around here or you’ve been a member of LePrix Wholesale since we launched, you probably have some questions surrounding our stock and auction businesses. Such as, why should you choose one over the other, what are the benefits of each, and if there are any tips or tricks to help make a decision?

We created LePrix Wholesale to help grow your inventory by giving you access to the designer items on your customers’ most-wanted lists. Our wholesale platform has been designed to fulfill all your requests — so whether you go the Wholesale Stock or Wholesale Auction route, we’ve got your store covered.

LEPRIX’S WHOLESALE STOCK

We’ve scoured the world to find the best wholesale suppliers and then created an online global marketplace featuring the best-selling authentic luxury. Our suppliers have been fully vetted by our team members to make sure they have a stellar reputation and curate the best pre-owned, authentic designer merchandise around.

Each item we sell features a clear set of images, a comprehensive product description, and a condition letter grade to help you decide if it’s perfect for you and your customers. Once you’ve picked out your products, add them to the shopping cart. We will hold your products in the cart for two hours.

If you’ve decided to move forward with your selection, review your cart, and click CONFIRM MY PURCHASE. You’ll receive an email confirmation letting you know your order was received. Most items arrive at our warehouse in about 2-3 weeks, and after their inspection, they’ll be invoiced and prepared for their shipment to you.

WHOLESALE STOCK TIPS & TRICKS

• Need it in a jiffy? All our items tagged as “Quick Shipping” will speedily take you from purchase confirmation, to invoice, and arrival in less than seven days.
• Make sure to add a Certificate of Authenticity to your cart before you confirm your handbag or wallet order. COAs will help you protect and boost your margins.
• A full set of stock photos will be sent during the inspection process for your final approval.
• Shop our Hot Deals collection to find items priced with your margin. Estimated margins are based on pricing from competitive e-tailers.

LEPRIX WHOLESALE ACUTION

Everyone loves the excitement of a live auction and LePrix’s Wholesale Auction lets you bid on pre-owned designer luxury pieces for your store. Each week we partner with an auction house who provides us with thousands of items to sell — which sometimes includes incredibly rare and limited-edition pieces. And while these auction houses are very exclusive and invite-only, you’ve got access to their store courtesy of LePrix.

Our auction functions just like a blind auction where you place bids on items. It’s essentially a numbers game, so the more items you bid on, the better your chances of winning. Each listing includes photos, a comprehensive product description and letter grades to help with your decision. At the end of each auction, you’ll receive an email detailing your wins—most items will be received, inspected, and invoiced by us in about two weeks. You can review a full report of your bids, purchases, and more, by logging into your account.

WHOLESALE AUCTION TIPS & TRICKS

• Remember, this is a numbers game! If you need a Louis Vuitton Speedy, we suggest you bid on a total of 5 to 10 bags to raise your chances of getting one.
• To calculate your Max Bid, subtract your target margin from your optimal selling price. While you may win it for less, you’ll never pay more.
• Winning auction items include free shipping.
• Certificates of Authenticity are a great way to protect and boost your margins on handbags and wallets. Don’t forget to add one when you submit your Max Bid.
• The Maximum Bid is your best and final price offering for an item which is often determined as the resale value less the desired profit margin.
• The Minimum Bid is the minimum value you must be in order to be considered.
• The Reserve Price is the confidential value that must be cleared in order to win an item.

GENERAL TIPS & TRICKS

Keep reading for some FYIs to help you make the best decisions for you and your store.

• Be sure to check the stress areas of each item to make sure it’s right for you. These areas, which see more wear than others, include the tops of handles, base corners, and zippers.
• View and double-check every photo included in each listing. Start from the last photo and move your way backwards towards the front to see the signs of wear first.
• Add accessories like crossbody straps, keychains, scarves, and small wallets to your cart to boost sales.
• Louis Vuitton is guaranteed resale gold. From the Keepall to the Speedy and the Pochette Accessoires, you can’t go wrong with LV.
• With price hikes always on the horizon, Chanel’s Classic Flap Bags are also a guaranteed sale. Black bags with gold hardware are our most popular combo.
• Everyone loves and uses totes, crossbodies, and work bags and that’s why they’re one of our most sought-after items. Stock up on everyday carryalls and you’ve got a sale.
• Always make sure your account is up to date. Reseller Certificates, shipping addresses, and valid credit card information can be updated in your profile. Work your wishlist! Our LePrix Wholesale team is here to help you on the hunt. Send your wishlists to Jeannette & Carrie for assistance.
• Make your wish-list dreams a reality. Our LePrix Wholesale team is here to help you check the items off your list.

SOURCE YOUR PRE-OWNED DESIGNER STOCK FROM LEPRIX WHOLESALE

Meet LePrix Wholesale, the most trusted and largest online platform to source authentic, pre-owned luxury. With LePrix Wholesale at your service, you have immediate access to all the best selling designer pieces for your resale business.

You’ll never again have to spend countless hours searching for the hottest Louis Vuitton pochette or the classic Chanel bag at a healthy margin. Or stress over currency conversions, the customs and shipping process, or the authenticity of your purchases. Every item on LePrix Wholesale is inspected and authenticated multiple times. You can easily add a Certificate of Authenticity with your order.

On our wholesale platform, every item comes with a description, condition, and letter grade for top brands. By leveraging deep data analytics and AI, our platform also shows you a suggested minimum resale price and estimated profit margin for top pre-owned brands like Chanel, Hermès and Dior. Every item is LePrix-vetted and inspected so you and your customers can rest assured knowing that each purchase is authentic.

If you’re a business, you may qualify for exclusive access to authentic, pre-owned designer bags, jewelry, and accessories at wholesale prices. Find out more here.

ABOUT LEPRIX

LePrix means “the price” and “the prize” in French, which captures the spirit of the hunt for pre-owned luxury. The thrill of the hunt sparked the launch of the world’s largest marketplace enabling access to shop over 600 designer consignment boutiques online. While working with hundreds of the world’s best consignment boutiques, we discovered that our store partners were wasting a lot of time and energy sourcing inventory to grow their businesses. They needed a convenient way to source more top-selling products like Louis Vuitton, Chanel, Gucci, etc. from other trusted resale businesses. And that is how LePrix Wholesale was born.

In 2018, LePrix launched LePrix Wholesale, which is the only marketplace in the U.S. unlocking access to pre-owned, pre-authenticated luxury from the world’s most trusted suppliers at deeply discounted prices. Our team of experts carefully select suppliers, curate the most desirable inventory and inspect your orders before shipment. You will be assigned a dedicated account manager to help you optimize your wholesale buying experience. We believe in empowering businesses like yours with the right tools (access to top sellers, inventory you need, or valuable resources) and support to help you grow your business.

*LePrix is not affiliated with any brands in any manner. All items are LePrix Vetted and Approved: LePrix’s team of specialists inspect every item before it’s listed and sold on LePrix Wholesale.