By Staff Reports: Online luxury consignment marketplace The RealReal is beginning its expansion into the bricks-and-mortar space with the opening of a new valuation office in New York.
The new location will give consumers the opportunity to have their jewelry and watches evaluated by an expert and obtain a physical valuation document. Having a bricks-and-mortar location may help The RealReal connect with consumers as it looks to expand its presence as a leading consignment authority.
In order to best help consumers determine the value of their consignment jewelry and watches, The RealReal is opening a new location devoted to the process. At the valuation office consumers can have their possessions evaluated by The RealReal’s team of graduate gemologists and watch experts.
Consumers will not have to pay for this valuation process and will leave with a document they can use to sell their goods on The RealReal’s Web site. Conveniently located in Midtown Manhattan, the location will allow the consignment brand to better connect with its consumers.
In recent years The RealReal has seen considerable success.
For example, earlier this year the online luxury consignment marketplace raised $40 million in revenue to continue its acceleration path.
To read the full article, visit Luxury Daily.