Q: My husband and I bought a beautiful "Reversi" sectional sofa from Italian manufacturer Molteni & Co. We bought it 2 years ago, it's in perfect condition and we love it but we might have to sell it since we're going to move from our loft into a smaller place next fall. We paid around $10,000 for this huge sofa and although it is now considered second hand, we don't want to sell it for a ridiculous price.
Is there a specific website where we can sell second hand designer furniture? I'm afraid Craigslist might not be the best option for such an item.
Sent by Lisanne
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Comments (55)
for $10,000 you could start a website just to sell this couch.
try consignment stores. i had a few pieces of high-end furniture/antiques which i "loaned" to a consignment store. they take a percentage of the total sale on the item. that way you won't have to worry about storing it somewhere until you find a seller or lowering the price too much because you're in a hurry to get rid of it. good luck!
Maybe someone else in your building or the next people moving in would be interested? Certainly would save on delivery.
Yikes. A $10,000 sectional that won't fit in the next home is the reason I've never purchased anything but a sofa. I think dorkprincess is right: look for a high-end consignment store to sell it for you. I doubt that you'd find someone to buy that sofa for even half the price on your own, despite its great quality and designer name.
In this economy, you'd be lucky to find someone to pay $2,000. Sad but true. It's gorgeous, but you can't be demanding on a price for a piece like that. It's taste specific, and requires a huge space, so the buyer would need nothing but cash. Three things New York is short on these days. Here's a thought, though: I'd call all of the high end design firms. They have clients with money and would possibly be able to sell it to a customer who needs something sumptuous and modern like that, but on a budget they could afford. But if you think you're going to get close to what you paid, you're dreaming. It's still used.
Not sure where you are located, but there is a shop in Lincoln Park in Chicago called "Billionaire Rejects" or something like that on Armitage. You might be able to find a similar high-end consignment shop where you are, maybe even call them and see if they know of anyplace.
Good luck with that. Being second hand and all you might just get 1000 or so.
Try auction; the most likely purchaser of your piece will be a second hand dealer. Assuming the piece is publicized correctly, you will receive the market price for your sectional.
Additionally, your auction estimate should be determined by people with knowledge of this type of offering; avoid using your own best guesstimate.
Before selling it for super cheap I'd give eBay at least one shot.
"We paid around $10,000 for this huge sofa and although it is now considered second hand, we don't want to sell it for a ridiculous price."
And we certainly don't want to buy it for a ridiculous price!
Good luck...
I bought a very expensive sofa from a retailer at 50% off because there were two tiny scratches on the back of the arms. You might want to bear that in mind when you price this.
I suspect that sofas are like cars - they depreciate as soon as they leave the showroom - and this one is huge, so many people won't be able to use it.
Maybe contact someone on www.firstdibs.com ?
Or donate it and take the maximum allowable-without-audit $4,999 donation deduction, assuming you have the receipt.
I was going to say 1stdibs, search for a dealer near you.
Consignment stores where they will take a percent.
www.FURNISH-D.com
They sell high end designer furniture on-line. Recent items include pieces from Ligne Roset, B B Italia etc.
$10,000 for a sofa? Holy guacamole. In my world, that will get you a good way toward a new car.
If you really love the piece, then keep it! The beauty of a sectional is that you can break it up. Arrange the two pieces facing each other in the living room, or put one in a bedroom or guest room as a reading chaise or a small daybed. Good luck!
Well, it would be interesting to know what the sellers consider a "ridiculous" price. For a few specific pieces I have paid ~50% of MSRP in the past (on craigslist). I'd consider that at the high end for a used piece of furniture.
You could always post it on CL AND send it to a Consignment Store - but either way, expect 50% or less of retail price depending on it's condition.
I've got large enclosed storage room that gets some natural light and is kept at 72 degrees during the summer and 68 during the winter. I'd be glad to rent the storage place to you for $50/month. The couch would be kept company by a coffee table and large screen TV.
What you want to accept for it isn't going to have anything to do with what people are actually willing to pay for it. People are always making that mistake, from yard sale stuff to houses. You'll either sell it for what someone is willing to pay, or hang onto it forever.
many design companies and related businesses regularly scan craigslist.
Why is it that Apartment Therapy has the most judgmental comments of any site I read? 10,000 for a good, quality sectional is not a crazy price by industry standards. And if you think it's too expensive, why take the time to comment about your judgement? If you can't say anything nice...
"10,000 for a good, quality sectional is not a crazy price by industry standards."
Indeed.
A sectional is basically the equivalent of two sofas, and $5000 for a brand-new sofa isn't exactly unheard of...
I guess that 50% off what you paid is the minimum you have to take off unless it is a highly sought after piece. We have a ridiculously expensive sofa ourselves, but even if we cut a very good deal on it (35% of retail) we would still not expect to get more than maybe half what we paid for it if we sold it, and it is still in 99.9% perfect condition. For some strange reason, would we have bought a classic armchair like an Egg, Womb or Eames lounger, we could probably have sold it for at least 70% of the retail, if not more, of the new price without any greater difficulties.
Try your best to hold on to it and break it up (as suggested before). I doubt you will get anything over 50% the price you paid for it. It is a nice couch, but there are much cheaper and newer nice couches out there too.
Leveraging your AT post, you should make a website like matt in nc suggested, followed by a funny Utube video about how you live in an expensive loft and due to the economy have to downsize to a smaller place and need to sell your beloved couch. Then, the AT community and your loft-dwelling friends will make your Utube video go viral and you can sell said couch for top dollar on Ebay.
I am only half kidding; people buy the craziest things on Ebay.
" I hope you have to sell it for 500 on craigslist..."
I hope you grow up.
In all honesty, I think you'd be LUCKY to sell it for $2,000-- it's beautiful, but it's not a "must have" design, plus it's enormous & secondhand.
IF you could find a consignment shop willing to take such a large, difficult piece, you'd probably have to pay to move it there. And, what if it doesn't sell? Pay to remove it? Sofas are expensive to schlep around town!
If a tax deduction of about $5,000 would be beneficial to you, I suggest donating it to your local thrift shop.
i'm very interested in buying it.
call me, fran 917-670-4634
^ Ah! There you go! Advertise on AT. :)
It doesn't matter how much you bought it for. Now it's got like 1,000 farts in it.
Consignment shops seem like your best bet though if the above interest falls through. I think you could probably get more than half in a consignment shop.
"Buying ANY piece of furniture for 10,000 is obscene. It just is. I hope you have to sell it for 500 on craigslist to a frat house where it will be covered in beer and vomit."
I love how you're calling someone else obscene for buying a couch at a price you don't approve of while wishing them ill will AND referencing beer and vomit. Nice.
KarynM, you're 100% correct. I read AT regularly, but I don't comment much anymore (except for this) I'm starting to get really p.o
d with the comments I read on here lately. Anyone read yesterdays "hunk" contractor post. Just AT having fun, I say, but no its got to turn into men vs women.
Wow. Didn't realize those who could afford to blow $10,000 on a couch ever had problems to solve.
I would almost feel dirty helping you do so.
Nerdaliciousful, can I buy you for $500 and pour beer and vomit all over you? Just saying...
Figuring this gorgeous sofa has more value than you, I think I'd be making a sound investment.
The original poster should have no problem getting btw $2500-$3500 for this item. I sold a Perobell sofa, which I paid $3800, for $1250 on CL about 2 yrs ago. Not terrible considering use and motivation to move.
I bought a like new sofa at a quality consignment shop. The original retail price and the consignment shop starting price were out of my budget. The shop starts at an agreed-upon price and discounts it every two weeks on a schedule. I went in the morning of one of the price reductions and bought it. The shop owner said many people were interested and were probably planning on coming in that day. This system works well because the merchandise sells in a reasonable amount of time and the seller probably gets as much as he's going to.
I think the answer to the question is: here on AT. Just google "Molteni & Co sectional" and all you get is dozens of reposts of this post, so hopefully that's all you need.
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I have to jump in here! First off- I agree with a few others on here about people making asinine comments. If you don't have anything constructive to say, please keep it to yourself.
Understand that there are other AT "members" that appreciate and purchase "higher-end" design.
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Lisanne - As for selling the sofa - earlier suggestions hit it on the spot and here is my two cents- Craigslist is the first place you should try - It's hit or miss but it's free and can't hurt! I know many dealers (around the country) and collectors like myself scour the ads looking for nice pieces.
Second- consign at local shops.
Third - FurnishD seems like a great option but i have not tried yet so i can't vouch for how they operate.
It's a very nice sofa and i guarantee that someone will eventually buy! I've sold many "high ticket" pieces for furniture via craigslist, ebay , auctions and flea markets.
Goodluck!
How many units are in your building? You might post a notice in the lobby, since other lofts in the building will have similar space.
If you're selling the loft (rather than vacating a rented place) you could also include the sofa as part of the purchase, for a price you're happy with.
My wife and I got a sofa from furnish-d.com and it worked out great. Excellent service.
anywhere you can post your couch. it only takes one buyer!! furnish d, cl, high end consignment, even facebook!!
(vomit & beer? really? wow)
This is why I dumpster dive for furniture.
You are going to lose tonnes of money whatever you do, so if you are really just looking to get rid of it, craigslist might be your best option. There are always knowledgable people searching craiglist for good finds.
Personally, unless I was rolling in cash, I would just shove it in a too-small space even if I had to block something vital, like a bathroom door. $10 000 couches are for life.
im interested. please email me at jumpygoat@gmail.com so i can get more details.
Please let us know where you end up selling through. I have come across similar problems in the past and have just taken the hit to get rid of the item.
The bottom line is that someone will buy it for the price you want- eventually. How long are you willing to sit on it? (pun intended)
I'm not sure that this will work but since it seems that no one else has said it I thought it would be worth mentioning. Maybe a prop shop or a special event vendor would be willing to buy it from you. Other than that I think the ebay thing may be plausible if the right person sees the designer name and is willing to offer you the right price as opposed to buying it brand new. The fine consignment shop is probably the best way to go though.
Yeah, I'm not sure anyone who could afford to pay more than $5000 for a sofa (which I'm assuming is what you're expecting) would buy a used one.
Best bet is to look for stores that buy used furniture. Or you might want to do a tax-deductible donation to a non-profit like Housing Works.
Good luck.
Where are you located? Might be interested, depending on price. How can I contact you?
I'm curious too. I'm wanting to purchase a sectional soon. Send info. i.stone@mac.com
Maybe try selling to a company that stages homes?
Definitely try 1stdibs.com. It is a website that is a marketplace for very high-end antique and modern furniture dealers. You could search for shops in your area and contact them to see if they might like to take your sofa on consignment. You might even find a dealer outside of your area who would be interested in posting it for a percentage of the sale price(you wouldn't actually have to send the couch to them). All the high-end designers shop this site and the kind of clientele that frequents 1stdibs would not consider $10,000 expensive for a couch.
Oh, and don't turn your nose up at craigslist. I posted a 6-year old Ligne Roset coffee table that I purchased for $2000 on craigslist and I sold it in one day for $900, cash.
Snide comments and needless spitefulness aside, I'm focused on one particular phrase in your post: "might have to sell it."
You're going to take a serious hit when you sell it—I seriously doubt anyone will pay what you're going to want, which I'm assuming will be more than $5,000.
So, if there's a way to hold onto it and continue to enjoy its comfort, I recommend you do so.
It would be a shame to sell such a beautiful sofa. Contact Dr. Sofa and they should be able to redesign, split, shorten your pieces so that you can continue to enjoy them. If you do decide to keep the pieces "as is", Dr Sofa can fit them through your new tight spaces.
Visit them at www.drsofa.com.
Not sure if you sold that sofa yet, but we are interested in that very sofa. For the record... its even more "ridiculously" priced today.
Angela (or anyone else who's looking for a high-end sectional) ... I have one in perfect condition that I am selling because I am moving. It is the same color as the one in Lisanne's picture and is ultrasuede. Email me if interested and I can send you pix ...drewinphillypa@yahoo.com