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Reselling Air Jordans have become highly profitable and hundreds or thousands of dollars are spent on rare sneakers, including the original 1985 Air Jordan I on StockX selling up to $20,000. [72] Upon the height and rise of the sneaker community, the resale market is estimated to be worth $2 billion and is expected to gain $4 billion more by ...
The startup company was founded by Dan Gilbert, Josh Luber, [7] Greg Schwartz, and Chris Kaufman in 2015, [8] and launched in February 2016. [9] [10] Luber had previously founded StockX's predecessor website about rare sneakers called Campless (established during 2012–2013), [11] [12] a site which was featured in Josh Luber's TED Talk on the sneaker market. [13]
Consumers started to collect, trade and resell sneakers in the 1970s, and the sneakerhead subculture came to prominence in New York City during the 1980s. Sneakers such as the Adidas Superstar and Puma Suede were popularized by b-boys and hip-hop artists, [4] and Nike's Air Jordan line revolutionized the industry with its marketing linked to superstar basketball player Michael Jordan.
StockX was jointly founded by Dan Gilbert, Greg Schwartz, Josh Luber and Chris Kaufman in 2015, with an emphasis on the sneaker resale market. [ 8 ] [ 9 ] Until mid-2019, Luber was the CEO of StockX. However, he stepped down from that role upon raising a Series C , $110 million round of venture capital funding at a $1 Billion valuation for the ...
The "Jumpman" logo is owned by Nike to promote the Air Jordan brand of basketball sneakers and other sportswear and footwear.It is a silhouette of former NBA player and current Charlotte Hornets minority owner Michael Jordan.
The Flu Game shoes are black and red size 13 Nike Air Jordan XII worn by Michael Jordan in game five of the 1997 NBA Finals, commonly called The Flu Game. The game was between Michael Jordan's Chicago Bulls and the Utah Jazz. It was reported that Jordan had the flu before and during the game.
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