You See Sneakers, These Guys See Hundreds Of Millions In Resale Profit

You don't really need catastrophe for the air to deflate. Basic stagnation coupled with the gradual rise of inflation will be enough to get the ball rolling. Your shoes go up in retail price each year because the value of your dollar decreases. Sure Nike raises prices as well because they see the money left on the table, but there are also inflationary concerns.
 
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To the ppl saying bubbles don't Burst..

Do you not remember when everyone wanted af1s?
Now they all sit cept for the supreme and other hyped collabs.
Same thing goes for SB's
 
The crazy thing is how many releases Nike does now compared to even just 5 years ago. And they've made so many more lines pop-off than back then as well.
 
Crystalmethod said:
To the ppl saying bubbles don't Burst..

Do you not remember when everyone wanted af1s?
Now they all sit cept for the supreme and other hyped collabs.
Same thing goes for SB's
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this isn't really a valid point imo. sure those type of shoes may have lost their hype, but you have other shoes that have taken over. people back to jordan's and a lot of runners that are comfortable i.e.. flyknits, roshes etc.

if you guys are straight referring to the high hype prices then sure they will drop, that's a given. it will just push the prices down, but won't entirely kill the market. as long as people have feet, they'll want to floss (large % of population, not saying all)

if the cash is there now, then people might as well grab it while they can.
 
i think all our definitions of "burst" are different. Jordans may not always be the cool thing, Lebrons may go out of style, but something will be. Heck, they're killing it with socks now. The hot item may be different but people will flock
 
ooIRON MANoo said:
I hope this bubble doesn't burst. I don't buy Jordan's like I used to, only bought 2 pairs this year so far. However I'm making a good chunk selling bits and parts of my collection. Man, I sold some well worn French Blue 7's for $300 a couple months ago. Couldn't believe they went for that much.
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Same here.

I got maybe about 40 more 2001 to 2008 retros that I want to sell. I am glad I bought so many damn multiples in that time span.
 
Pretty soon nike is just gonna cut the "middle man" out all together. They steady raising prices cause of what they see happening in the resell game.
 
deezyspits said:
Pretty soon nike is just gonna cut the "middle man" out all together. They steady raising prices cause of what they see happening in the resell game.
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Bruh, they got shoes retailing for 250 and kids but them with no hesitation. No matter what the raise the price to people will still pay above it when they miss out.
 
deezyspits said:
Pretty soon nike is just gonna cut the "middle man" out all together. They steady raising prices cause of what they see happening in the resell game.
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They been doing that man. 7 years ago, all white air max 90's were $80 retail. Now they're $115
sick.gif
 
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And you know damn well, Nike isn't making them any better. They've been slowly raising all their prices because they know that people will buy them. When did $200+ sneakers become normal? When kids with money wanted to start flossing in front of other kids for the sake of being "unique" or to look rich.
 
JohnnyRedStorm said:
this ****'s a bubble. gonna be a lot of bag holders in the future.
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a blinkin said:
I'm really ready for this bubble to burst.
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BeezyGotSole said:
 
People have been waiting for the bubble to burst for a good 5-6 years now. I think that the bubble won't burst simply because kids are starting to get into buying shoes at the age of 13. The cycle will just keep going.
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JohnnyRedStorm said:
People paying $200 plus for shoes is not logical or sustainable. I don't care who wears them or who made them. Let's be serious this isn't something people need and in time folks will realize that. Just wait for the economy to slow down some more.
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This bubble came out of the biggest economic meltdown this country has ever seen. I don't see the bubble ever bursting, which sucks too.
 
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To the guys saying the bubble won't burst, it's getting there.

Only a handful or releases these days go for what resellers are looking to get. LARGE majority of releases these days are so GRed that they're lucky if they can even make $30. Also, the people who strike out usually wait it out for people who can't sell the shoes and just end up dumping them for retail, which happens A LOT.
 
the sought after jordans were still selling out when the countdown packs were coming out and that was smack dab in the middle of the recession

the packs with one good shoe struggled here in there but when something like the 11/12 pack dropped it was madness when no money was circulating

we're talking about fashion

people with no job, no car and no ambition dress up and "get fly"

what are yalls definition of the bubble bursting

to what severity do yall see it as?

I can see certain stores closing but that happens now
 
At the end of the day, you still waiting outside for 48 hours for a $700 profit IF you get lucky. That's $14.58/hour... Waiting outside in weather with a bunch of annoying "Sneaker heads!!!" when you could be working a job, putting together a decent side hustle with that kind of time.

I am not impressed.
 
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Started reading this last night and just finished it now. This was a good read. I have a lot of feelings on this subject. From my POV, it makes me sad that it's come to this regarding shoes. I understand it's where we are now in this now exploited "hobby". It quantifies to what's going on. I realized that the joy of copping a new pair is now gone. The part where dude said the value of the shoe increases even after you wear it, still baffles me. But, like the article said, Nike "creates the concept" of a limited shoe. The best example of this was when the DB III's were re-released (a move that still doesn't sit right with me). But, I'm sure a lot of us knew that Nike plays with your emotions with their practices. They spend $3 billion on research alone, which includes ghost monitoring this board to see how they can raise the price on kicks with cheaper materials. We fall for it hook, line, and sinker every time. How do you think those '88 Cement III's came into existence? We *****ed and moaned for years on this board about having Nike Air on retros. The held out, and gave it to us, less than three years after re-releasing white cement III's without Nike Air. For those complaining about reseller prices, simply quit buying. As a consumer it's the strongest message you can send to a company about their products, but in Nike's case, I think it's too late. They have such a stronghold on the demographic of 7-28 year olds, it's like a never ending cycle of money. Instead of your traditional commercials, which is how they got their ealier demographic of consumers (if you are like me, recount how many times you saw Air Jordan commercials during Saturday morning cartoons, then think about what they did when they decided to cross brand Nike with Looney Tunes). They never stopped doing this. They figured out how to still reach that demo through evolving technology. Now you have rappers and celebrities, who in a lot of cases weren't known for sneakers, are now being photographed with releases that are coming out months later or won't be released. There were also fair share of celebs that were into kicks, but now it seems that everyone is into kicks, and it's done by design. But, as an average consumer in the age range of about 7- mid/late 20's, you don't necessarily think in that vein. As for me, I'll always love kicks, but reading this makes me want to fall way back. It just doesn't feel good to me anymore. It's like greed and analytics has penetrated shoe culture and it's never going back, but I digress...
 
Foamposite XI said:
To the guys saying the bubble won't burst, it's getting there.

Only a handful or releases these days go for what resellers are looking to get. LARGE majority of releases these days are so GRed that they're lucky if they can even make $30. Also, the people who strike out usually wait it out for people who can't sell the shoes and just end up dumping them for retail, which happens A LOT.
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My man I came across a pair of AJ I Retros Blk/Blue on eBay the other day and the asking price is $1k and change. The average re-sell pair is asking $450-$600. There are quite a few shoes that get up to this price now where as 10 years ago the only shoe that sniffed that 1k price range was the FLOM dunk. The Nike SB craze was insane and didn't have the aftermarket prices that we see today. When people say the bubble is going to burst it sounds a lot like wishful thinking instead of reality.
 
JohnnyRedStorm said:
Bubbles burst because of overvaluations.
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You are correct, however the only reason these prices are reaching these ridiculous amounts is because we have individuals who have the money to pay the asking price. These shoes are extremely limited, at least the ones that everyone chases. Unless the market becomes over saturated, which you & I both know Nike, New Balance, Asics & other companies won't let happen; the bubble isn't going anywhere.
 
Meh, certain shoes will always have appeal. But for the most part, the market is oversaturated. I mean come on, you guys see the garbage Nike releases every weekend? For every 5 pairs they drop, 1 looks decent.
 
See thats the difference we all have different definitions of the bubble bursting. I am talking about the hype and what drives people to continue to buy every release, not any type of evaluation. This hype will cause resell prices to stay high and allow the resell market to thrive for many years.

When I was working at kids footlocker this mother came into the store with her son to buy some KDs. She told me she was buying him his second pair of shoes that week. She also told me that she had to pick up a part time job to support his sneaker habbit, mind you this boy was 12-13 years old. This is the type of hype we are dealing with, and this was about 3 years ago.
 
BeezyGotSole said:
See thats the difference we all have different definitions of the bubble bursting. I am talking about the hype and what drives people to continue to buy every release, not any type of evaluation. This hype will cause resell prices to stay high and allow the resell market to thrive for many years.

When I was working at kids footlocker this mother came into the store with her son to buy some KDs. She told me she was buying him his second pair of shoes that week. She also told me that she had to pick up a part time job to support his sneaker habbit, mind you this boy was 12-13 years old. This is the type of hype we are dealing with, and this was about 3 years ago.
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She's a stupid mom
 
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