American brand of sports shoes, gear and clothing company, Nike has a ton of shoe design for each game event. One of them is the Air Jordan Bred tennis sneakers. This shoe has been one of the number one of people because of its model.
But now, admirers of this footwear will not be unable to buy their sought after footwear more frequently than previously. The explanation is simple!. The price has inconceivably risen.
A new ranking of the most significant shoe investment from rebate code site DealA discovered a few sets of famous Nike kicks on trading site StockX fetching as much as almost 150,000% premium over their unique retail costs.
At the top of the list – organized by how much more expensive the shoes are now than their original retail price – is the Nike Dunk SB Low Paris, a limited-edition version of a Nike basketball sneaker first unveiled in 2003. Approximately 200 sets were at any point released, and each pair features patterns from art by late French expressionist painter Bernard Buffet.
Interestingly, no two sets of the sneakers are something very similar, and they sold out promptly upon their delivery almost twenty years ago. Last year, a couple sold for more than $130,000 in the U.K., as per HypeBeast.
The sneakers initially retailed for $60. The lowest asking price DealA found offered by resellers on StockX was $89,691. That is a profit from investment of 149,385%, for anybody sufficiently fortunate to catch one at retail cost.
Meanwhile, let’s check out the sneakers with the highest return on investment on StockX, according to DealA:
Nike Dunk SB Low Paris: 149,385% premium over original retail price
1985 Jordan 1 OG Bred: 145,554% premium
Nike SB Dunk Low London: 41,400% premium
Nike SB Dunk Low Tokyo: 38,925% premium
1985 Jordan 1 OG Chicago: 22,224% premium
Coming in second is the 1985 Jordan 1 OG Bred shoes, which the site depicts as “perhaps the sacred goal to sneakerheads.” The black and-red shoes were essential for the first product line from Michael Jordan’s multi-decade partnership with Nike.
Shoe Fabriek Is Now, One Of The Best Shoe Producers…
On StockX, DealA found that the lowest asking price for the classic sneakers – which originally retailed for $65 – was $94,675, representing a premium of 145,554% over the original price. Some pairs of the original Jordans are even more valuable: In 2020, a game-worn pair of the sneakers, autographed by Jordan himself, sold for $560,000 at auction.
The rankings are dominated by Nike sneakers, which reflects the Beaverton, Oregon-based company’s close connection to basketball. Nike and its Air Jordan label helped fuel the rise of sneakerhead culture to such a degree that DealA’s rankings don’t feature another brand until the 34th spot on the list.
That spot has a place with the ASICS Gel-Lyte III Ronnie Fieg Salmon Toe tennis shoes. Outdoored in 2011, the ASICS sneakers were the first shoes delivered in partnership with famous streetwear brand KITH.
As with any highly coveted and appreciable asset, the trick is to get in on the ground floor. If you landed a pair of original Nike Jordans for $65 in 1985 and kept them in excellent condition for a few decades, you’re in great shape today.
Certain pairs of particularly rare sneakers have also been known to fetch truly eye-popping amounts of money. For instance, in 2021, Sotheby’s sold a pair of Nike Air Ships, the first pair of sneakers Michael Jordan wore in the NBA during his 1985 rookie season, for $1.47 million.
That very year, Sotheby’s sold a model sets of Nike Air Yeezys – worn by rapper Kanye West to the 2008 Grammy Awards – for $1.8 million.
Credit: CNBC
