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The set went on to sell for over $8 million at a Sotheby’s auction in early 2024, smashing records for the most expensive sneakers ever sold in history. 2. Michael Jordan’s 1998 NBA Finals ...
Vernon Simms has made roughly $10 million re-selling sneakers on platforms like StockX, which he joined in 2016. Simms sells a wide variety of sneakers, from everyday styles to limited-edition...
16-year-old Ben Kapelushnik, or Ben 'Kickz', is one of the most recognizable sneaker resellers in a flourishing resale market valued at $1.2 billion. This 16-year-old has made millions selling ...
Sneakers have some of the highest resale multiples among retail consumer goods. Sneakers are resold for prices that can exceed 10x return on the most coveted, low-production releases. [3] [34] In the 2010s, the sneaker market expanded into online retailing and auction sites. Some retailers have implemented a raffle system for online and in ...
Sneaker companies encourage this trend by producing rare sneakers in limited numbers, often at very high retail prices. Artistically-modified sneakers can sell for upwards of $1000 at exclusive establishments like Saks Fifth Avenue. [21] In 2005, a documentary, Just for Kicks, about the sneaker phenomenon and history was released.
In 2013, Truman offered the shoes for sale through Grey Flannel Auctions, and the bidding began at US$5,000 before realizing a sale price of US$104,765. [1] The sale price of the shoes was a record price for game worn shoes at the time. [5] On June 14, 2023, the shoes were auctioned for a second time, this time on the auction site Goldin. [1]
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