Used High End bedroom Furniture - How much is reasonable price - 3 year old (Raleigh: to buy)

[Newtocary]

How much would you pay for gently used high end bedroom furniture? Seller bought from greatpricefurniture and it is been gently used and there is no visible damage. We are talking about bedroom set (Bed, dresser/mirror chest etc) for the original purchase each set of around $7K.
Just wanted to see what you guys think of? Would you prefer to buy the used high end bedroom set? Thank you in advance for your response !!

[North_Raleigh_Guy]

When it comes to high end furniture I think the resale price depends greatly on the exact style. Is it a specialty piece or a high end copy of an abscure style. I've seen some expensive french provincial furniture that does poorly with resale becuase it is a style not commonly sought after.

[mocharoman]

I find the better bargains in the high end furniture. People generally aren't competing with you to purchase and the mark-downs are higher. For pottery barn it's usually 50% of original price. If you go to brands that are much better quality and unknown to the masses I find 25-40% of original price seems to be the sweet spot. Also, try looking on allofcraigs.com for the same item nationally. It will give you an idea of what someone else is asking in a different part of the country.

[lottamoxie]

Used furniture tends to depreciate rapidly, unless it's an unusual piece or a pristine and rare antique. The markup on new furniture is extremely high (500%+...my father used to work in that industry).

So a 3 yr old set that cost $7K when purchased new will likely fetch less than $2K now. Why? Because the people who buy used furniture are doing so because they are looking for bargains. Their budgets are a lot lower and the demand for used pieces in the thousands of dollars isn't there unless you're talking known high end (like Baker, for instance) or antiques.

It doesn't matter what you paid for the furniture. It's only worth what someone else will pay for it and how quickly you want/need to sell it.

I've seen nice furniture only a few years old go for 10% of the original retail price.

[Newtocary]

Originally Posted by North_Raleigh_Guy

When it comes to high end furniture I think the resale price depends greatly on the exact style. Is it a specialty piece or a high end copy of an abscure style. I've seen some expensive french provincial furniture that does poorly with resale becuase it is a style not commonly sought after.

It's doesn't seem to speciality piece as the exact same piece is available on
greatpricefurniture.com but this is the 1st time I am thinking of purchasing it. I can't afford to spend 7k but comfortable with 2 or 2.5k which the seller declined. His asking price is 3k but I wasn't sure if they hold that much value for "used bedroom" furniture. thank you

[ZimaCheryl]

To get an idea what you might ask for it, check Craig's List or EBay for comparable items. That should give you a range of what you might get for it.

[CHTransplant]

I tend to believe that used stuff should sell for no more than one-third of the original price.

[Newtocary]

Originally Posted by CHTransplant

I tend to believe that used stuff should sell for no more than one-third of the original price.

I checked on eBay and the new set is selling for about the same price as seller paid that is 7K. His offer is 3K.