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Seasonality, size and condition all influence pricing at Luxe Swap, Ruiz says. “If we are purchasing items from a client we would roughly offer about 30 to 40 percent of what we think we can sell it for,” he says. Know where to sell what. “Do a little homework on our brand and look up the type of items we sell first,” Ruiz says. “We will always look at something a client brings in, of course, but it’s always easier if you are bringing in our target product.” His rule of thumb for potential clients at Luxe Swap is “if it has a store on Fifth Avenue or Rodeo Drive, we are on track.” The store is among few on Long Island that consigns high-end menswear and accessories by such designers as Cesare Attolini, Brioni, Kiton, Tom Ford, Salvatore Ferragamo and Kanye West. “In our physical boutique, we have items to accommodate every budget — from a $25 Brooks Brothers tie to a $15,000 Gucci one-of-a-kind fur coat or a $26,000 Saint Laurent alligator handbag.” Landsberg also prefers that clients curate what they bring to Plato’s Closet. “A lot of people bring in massive garbage bags stuffed with a random mix of items,” he says. “If you look through your things and be selective, it makes it more likely that we will buy more items from you.” Brands that do well at Plato’s Closet, which has more than 500 locations around the country, include Pink by Victoria’s Secret, American Eagle, Forever 21, Nike, Under Armour and Lululemon. Landsberg says he will also buy and sell some designer items such as those by Michael Kors. Merchandise ranges from $1 to $150 for high-end purses or shoes. “The average price of items in the store is around $10 and everything is sold for up to 70 percent off retail,” Landsberg says.
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