Quote:
Originally Posted by subwaynm
After reading this thread a few times I got interested to look up and see how much some of these Sneakers cost and I was totally shocked at the prices that I saw. Nike Jordan Foams I think they call them were priced at $322. Of my the car would never get a Mod at that rate. And I presume that some of the collectors buy several pairs of these expensive shoes.
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The retail for those are less, what you are seeing is the resell value. Many who got into the sneaker-game tend to purchase more than the pair they will own. The key is buy at least three: one to resell for more than $50 on top of retail, one to wear, and the other is to loose is the closet/basement/storage so you can come back to and dig up for it later five-ten-fifteen years later.
The tern endowment effect plays a big part in purchasing and reselling these so-called "HEAT" sneakers. Just like any item anyone has ever collected and see any value of it, all it will take is another person to place a radical price on it and you will see an influx of the bandwagon.
Do you remember the beenie babies in the mid to late 90's?
