After graduating law school in 1999, Sarah Davis started a modest eBay store called Fashionphile and noticed her luxury items were reselling close to—and in many cases above—retail prices.
So later that year, she launched Fashionphile as a standalone ecommerce site focusing on the consignment of luxury labels. From Louis Vuitton’s Neverfull Tote to Chanel’s Classic Double Flap, she built an inventory of the most coveted handbags via a direct buyout model and an authentication process.
Davis says the company has been profitable each year ever since, but it wasn’t always very popular. That’s because, Davis explains, for the first decade or so, buying from Fashionphile and
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