Last updated on May 13th, 2022 at 11:18 pm
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This StockX review is an overdue blog post. I had trouble deciding what I wanted to post for this week so I picked this from a handful of half-written blog posts I keep around.
I have also talked about my experience with another preloved designer platform Vestiaire Collective.
If you don’t know much about the website, I wrote a guide on how to use Vestiaire Collective, which you can read more about.
I usually go for preloved and there are many reasons why you should buy preloved.
However, some people have concerns about shopping preloved. I get it. It’s not for everyone so the third and final (for now!) website for designer goods I’ll be talking about is StockX.
I love reading blog reviews of a website so it’s going to be my turn to hopefully help someone out there by writing a StockX review.
What is StockX?
StockX is a website where you can buy items from shoes to bags to other collectible items. Most of the items are completely brand new too.
Sneaker lovers probably have heard of StockX since that’s what they’re most famous for. When I think of sneakers, the main brands I think of are Adidas and Nike but did you know the platform also has a luxury sneakers selection? That means Dior and Louis Vuitton. Honestly, I didn’t expect those to be on the website. It just didn’t occur to me that StockX would be selling high-end sneakers as well.
At first glance, the website might seem like it sells mostly shoes but there is also a bag and accessories section. They have many premium brands including Louis Vuitton, Gucci, and Chanel. These three have the most selection but StockX does have other designer brands to choose from as well.
Although I spend a majority of my time looking at cheap luxury bags and accessories on StockX, I would recommend you guys also look at other categories. There are watches, streetwear and other categories. Who knows what you will find?
StockX Review: Best Things
One of my favourite parts about StockX is that you can see its sales history. For example, let’s say you’re interested in buying a Chanel bag. You can see how much that same style was sold for in the past. The list can go up to years. I like the transparency.
I also like that we can ask StockX for products we want to buy. If there’s something specific you want but it’s not on their website, you can submit a product suggestion form. If the product is up on their website within two weeks, that means they were able to find a seller with the product. It doesn’t hurt to try (although none of the requests I submitted was granted).
What’s interesting about StockX is that you bid on items. How much are you willing to pay for a product? You choose the amount but you’re taking a chance because the seller might not accept your offer.
You can buy an item immediately at the lowest asking price. This means that the product is yours immediately if you’re willing to pay.
Some sellers don’t have this available or if you’re not willing to pay that price, you can place a bid on an item.
There are several options to how long you can place your bid for:
- 1 day
- 3 days
- 7 days
- 14 days
- 30 days
- 60 days
The system automatically sets it for 30 days if you leave it as-is. I have tried putting up a bid for 1 day or even 7 days. I thought that this way the short bidding time would almost force the seller’s hand?
Turns out my thinking is wrong because I have yet to be successful at bidding on something. There could be times when the seller just so happens to miss the notification email and by the time they open it, the deadline has passed already.
Problems with the Bidding Process on StockX
a) The Waiting Game
As a consumer, I’m too used to buying an item right away. The concept of putting a bid and seeing if the seller accepts it is wild to me.
Isn’t waiting 30 days too long though? I’m not good at the waiting game but that’s also probably why I have been unsuccessful at winning a bid on an item.
b) Asking Price is Unclear
The thing is, a lot of sellers also don’t say the lowest price they’re willing to accept. It’s a huge question mark. I think they use this technique to get people bidding. Not all products have the past history sale available. They could be trying to be flexible and see how much the public is willing to pay or be taking advantage of the fact that people don’t do their research on how much a product costs on the market.
It can be frustrating to not know how much a seller’s asking price is. Does that mean the seller is willing to sell an item for a lower price? Same price as retail? I have no idea.
There were multiple times where I have tried to bid on a product where it’s only a few hundred HKD off of the lowest asking price but the seller still didn’t accept it. I guess it depends on how firm he or she is about the item.
c) No Form of Communication
There is no way of communicating with the seller either because that person is anonymous. Stockx handles everything. StockX eliminates all of the unconscious biases we form towards people, which can be a good or bad thing depending on how you look at it.
Important note: you cannot cancel your bid once the seller accepts it. Although in most cases, your bid will probably be ignored depending on the price so make sure that you’re willing to spend that money.
StockX Review – Shopping for LV Coin Purse
I was browsing the website and saw a Louis Vuitton zippy coin purse wallet I liked. I saw this and knew I wanted to add it to my collection so I bought it on Feb 12, 2021. The entire process from the day I ordered the wallet to the day it arrived took 3.5 weeks. It arrived at my place on March 6th.
I don’t know where the seller was located but honestly, I was disappointed how long it took. Before I bought from StockX, I did some research. I obviously wasn’t going to be buying something expensive from a platform I’d never heard of before.
Similar to Vestiaire, sellers on StockX send the product to a StockX office to get it authenticated. I expected the process to take some time because there was this one extra step but three and a half weeks was too long for me. Even including the extra time for the authentication process (my honest opinion for the StockX review).
When my package finally arrived, StockX attached a small green tag to the product to show that this has been checked and passed the authentication process.
Second Time Around – Gucci Soho Disco Bag
As I was waiting for my Louis Vuitton zippy coin purse to arrive, I came across the Gucci Soho Disco bag in black. I had some extra money saved up after cutting out unnecessary expenses and was able to afford another luxury purchase.
I wanted that bag for years but was reluctant to spend the money because it was so expensive. My eyes lit up when I saw the exact bag I wanted on StockX that was a lot cheaper than the retail price. It was more than 40% off the retail price. I snatched it up right away instead of placing a bid. My previous bids weren’t successful and I didn’t know if another seller was going to sell this bag at this rate if I missed my opportunity.
I entered all the important information and was excited when I knew it was on its way! After years of waiting to buy this bag, it was finally mine.
You can imagine how I felt four days later when StockX sent me an email saying the product didn’t pass the authentication process.
There were mixed feelings.
On one hand, Stockx reassured me by catching a fake bag. I felt like I could trust their authentication process and panel of experts. I am more than open to shopping on StockX in the future because this has proven to me that they do catch fakes.
On the other hand, I was sad because I won’t be receiving the bag that I wanted for so long.
Although I never received a product from StockX for this incident, I wanted to include this part in my StockX review. There are probably many people with doubts about whether or not the company actually authenticate their products. My experience shows that YES. They do.
New customers are entitled to a discount so go visit StockX to see if there’s anything you like.
I hope that this StockX review was helpful! I will definitely shop from this website again in the future.
Have you ever shopped on StockX before? What was your experience like? What are your thoughts on my StockX review?