Loading organizations...
Loading organizations...
Luxury Garage Sale operates an online and in-store platform specializing in the curated consignment of luxury designer fashion goods. The company provides a streamlined marketplace for high-end clothing, accessories, and jewelry, managing the entire selling process from sourcing to sale. It meticulously vets each item, ensuring authenticity and quality to offer a reliable and elevated shopping experience for pre-owned designer merchandise.
The company was co-founded in 2011 by Brielle Buchberg and Lindsay Segal, who are also childhood friends. Their foundational insight stemmed from recognizing an opportunity to elevate the traditional consignment model, particularly within the luxury sector. They aimed to create a more sophisticated and trustworthy environment for buying and selling pre-owned designer items, addressing a clear need in the market.
Luxury Garage Sale serves a demographic interested in sustainable fashion consumption and access to exclusive designer pieces at accessible price points. Its customers include both sellers looking to monetize their luxury wardrobes and buyers seeking authenticated, gently-used designer goods. The company’s vision centers on expanding its unique consignment ecosystem, furthering its reach in making luxury fashion more circular and readily available to a broader audience.
Luxury Garage Sale has raised $7.0M across 2 funding rounds.
Luxury Garage Sale has raised $7.0M in total across 2 funding rounds.
Luxury Garage Sale has raised $7.0M in total across 2 funding rounds.
Luxury Garage Sale's investors include Scott Savitz, Brand Foundry Ventures, James Reinhart, Brian Spaly, Chicago Ventures, Chris McGowan, Pallasite Ventures, Kevin Willer, NextGen Venture Partners, Elle (Navarro) Bruno, Lon Chow, Paul Lee.
Luxury Garage Sale (LGS) is an upscale consignment brand and boutique headquartered in Chicago, specializing in curated, high-fashion resale of new and gently-used designer brand and vintage wardrobe items through physical stores, third-party online channels, and its own e-commerce platform at luxurygaragesale.com.[1][2][3][4] It serves fashion-conscious consignors and buyers seeking authenticated luxury goods with a white-glove service model—no upfront fees for sellers, anonymity, up to 60% of sale price for consignors, and fully vetted offerings for purchasers—solving pain points in traditional consignment like inconsistent quality and tedious sourcing.[2][3] The company has raised $7.2M across four funding rounds, including a $5M Series A in 2015 led by Data Point Capital, enabling store expansions and in-house tech development for better online experiences and inventory analytics.[2][3]
LGS blends physical retail (e.g., a 25,000 sq ft Chicago flagship opened in 2015) with digital sales, using data from online metrics to inform market entry and sourcing, while integrations like Zenkraft for Salesforce streamline shipping, saving over 7 man-hours daily and achieving 0% error rates.[1][2]
Founded in 2011 by Brielle Buchberg and Lindsay Segal, Luxury Garage Sale emerged from their vision to elevate consignment shopping, mimicking the curation and service of upscale department stores amid frustrations with disorganized resale experiences.[2] Starting as an online-focused operation, the duo identified gaps in high-end secondhand fashion, launching with a curated assortment to attract discerning buyers without the "digging through heaps" hassle.[2]
Early traction came via pop-up shops and online sales, leading to brick-and-mortar expansion: two stores in 2015, including the Chicago flagship, fueled by customer data showing demand in specific markets.[2] A pivotal $5M Series A in 2015 from investors like Data Point Capital, Chicago Ventures, Hyde Park Angels, Pallasite Ventures, and Trunk Club's Brian Spaly supported further growth, in-house engineering hires, and tech upgrades.[2][3]
Luxury Garage Sale rides the resale revolution in fashion, accelerated by sustainability trends, economic pressures favoring affordable luxury, and post-pandemic e-commerce growth, positioning curated consignment as a scalable alternative to fast fashion and department stores.[2][3] Timing aligns with 2010s shifts like Amazon's physical expansions, where LGS uses tech for inventory visibility, predictive market entry via buyer metrics, and shipping automation—exemplified by Salesforce tools reducing manual work.[1][2]
It influences the ecosystem by proving tech can professionalize resale: data analytics inform urban expansions, in-house development boosts UX, and efficiency gains (e.g., transparent tracking) set standards for hybrid retail models in a $30B+ U.S. resale market.[2]
With $7.2M raised and operational tech like Zenkraft yielding massive efficiencies, LGS is primed for scaling its hybrid model amid rising demand for authenticated luxury resale.[1][3] Next steps likely include more stores in data-hotspot cities, AI-enhanced pricing/authentication (building on in-house tech), and deeper e-commerce personalization to capture Gen Z's circular fashion wave.[2]
Evolving trends like blockchain for provenance and AR try-ons could amplify its edge, potentially growing influence as a tech-forward consignor leader—echoing its founding mission to make high-end resale as seamless as elite boutiques.[2][3]
Luxury Garage Sale has raised $7.0M across 2 funding rounds. Most recently, it raised $5.0M Series A in May 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2016 | $5.0M Series A | Scott Savitz | Brand Foundry Ventures, James Reinhart, Brian Spaly, Chicago Ventures, Chris McGowan, Pallasite Ventures |
| Feb 1, 2015 | $2.0M Seed | Kevin Willer | Brand Foundry Ventures, NextGen Venture Partners, James Reinhart, Brian Spaly, Elle (Navarro) Bruno, Lon Chow, Paul Lee |