Hey, You Might Not Want to Wear Those New Sneakers Just Yet
The global athletic shoe market will be more than $95 billion by 2025, predicts Grand View Research Inc. That’s in part being powered by luxury collectibles associated with an athlete’s limited-edition sneakers.
Forbes reports: “Certain limited-issue shoes are released for sale by a shoe company, usually Nike or Adidas. They can be associated with an athlete, a hip-hop star, or even a television show. Three examples of the Hip-Hop/sneaker collaboration are the Nike Air Yeezy 2 “Red October”, Adidas Yeezy Boost 350 “Turtledove” and Air Jordan 1 x Off-White “Chicago”. These shoes all were released in limited editions retailing at $190-$240, but the resale value averaged between $1,695–$6,118…” A little better than the average stock portfolio’s return. Read more . . .