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He uses a method called "holding, " in which he waits to sell certain pairs until they reach their maximum value. Here's how the reseller can tell which shoes will make a huge profit with just one glance: A lot of factors go into predicting which shoes will go up in value. With just a few minor alterations to an already classic shoe, a new grail was born. Thanks to a compelling story and plenty of hype, the $160 "Shattered Backboard" sold out immediately after going on sale on June 27, 2015. To analyze this pair, Jain said he looked at the Gold Toe 1s, which were released in 2018 and have recently shot up in value. While some so-called resellers nickle and dime with as many shoes as they can get their hands on each week, it takes a discerning eye to truly make your money work for you in the aftermarket. Wearing the black, white, and orange of Trieste and his "Chicago" Air Jordan 1s, Jordan put on a show, pouring in 30 points. In the two versions of this shoe that were released previously, the sneakers were not worth much right after they were released, but they both skyrocketed in value after some time had passed. "I think you can guess what colors Michael Jordan's jersey had on it during this exhibition game.
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The newest rendition takes inspiration from the "Bred" Air Jordan 1, replacing the red with orange once again. But perhaps the most important part for resellers is determining if a shoe is wearable. Become an Insider and start reading now. 0 will go up in value, he said. Luber says this is also a big part of why comparably sought-after shoes which rarely (if ever) restock—like Virgil Abloh's Off-White Nikes—continue to be some of the most valuable. It may seem like this goes without saying, but the repeated re-releases affect more than just Kanye's sneakers. Isaac Davydov made six figures in 2019 reselling sneakers. Davydov surmised there were no big celebrities wearing the shoe to fuel the hype and thought the shoes were bulky and therefore unlikely to be worn by regular people. Jordan 1 Retro High Shattered Backboard 3. Jordan 5 Retro High Off-White. They haven't re-released any of the Off-White [collaborations], the original 'The Ten' is going to be worth a lot. Davydov made his controversial prediction via a YouTube video, which led to attacks by naysayers who said he was senseless. It's kind of like stocks.
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"This being the only Off-White shoe in the Jordan 5 silhouette, it's tough to see these not rising in value in a little while, " Jain said. Don't get us wrong, we're advocates for wearing your sneakers, but this is for that set of people who inevitably pop up on social media asking which pairs are and aren't worth reselling. These shoes were released in February, and Jain said it would be worth waiting a bit for them to go up in value. I knew which shoe was going to go up. Though Davydov attributes a lot of his prediction success to intuition, he said there were some more tangible features to this art. "Just by looking at the shoe, I already knew that the shoe was going to go to the outlets, " Davydov said, adding that the silhouette didn't mean the shoes would necessarily be a hit on the resale market. The shoes eventually resold for about half of what they were worth at retail. "So I think they will definitely go up in value in about a year. It's a tough time for the $2 billion sneaker-resale industry. If you want to know more about Jordans, watch the video below. It turns out that a shoe's wearability is one of the most important features it can have to be successful on the resale market. Four years later, the first "Shattered Backboard" can go for more than $1, 000 via resale platforms such as StockX.
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To navigate the crisis, resellers might want to consider cashing out on hyped-up pairs that might not regain value for another year, Jerry Wu, the head of Sneaker Con China, told Business Insider in a recent interview. Here are the top four models Jain said would be worth the investment right now — and one he said isn't worth your time. Davydov can also tell which sizes will sell for the most. He said understanding past market and style trends is essential to predicting which shoes to hold. Jain revealed his recommendations for the styles and specific pairs worth investing in. For a deeper look into which sneakers could be worth keeping around, scroll down. Davydov said he knew that pair wouldn't go up in value for one simple reason. People just aren't patient at all and get worried too quickly. He gave the example of the Jordan 6 Retro Travis Scott, which everyone assumed would skyrocket in price. But the absolute highlight was a thunderous dunk — a dunk so powerful Jordan shattered the glass backboard. He gave the example of the Jordan 1 Retro High Shattered Backboard 3. Davydov's method has proven effective.
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According to sneaker reseller Isaac Davydov, sometimes it's just a feeling. Jain, who is a freshman at the University of North Carolina at Chapel Hill studying business administration, now runs his business from his dorm room, though he said it has slowed down since his time in high school. The 19-year-old has become a master in buying and selling popular shoes at the ideal time to make the biggest profit. "The legendary 'Nike Air' on the back of the sneakers is something that has appealed to sneakerheads for decades. The 19-year-old started reselling sneakers seriously in 2015 and said he made $325, 000 in sales between September 2017 and March 2019. "Hitting the outlets" is when a shoe will end up in outlet stores that sell the shoe for a lower price than retail. "You have to look at shoes, " Davydov said. "The shoe has some real meaning behind it too — to 'celebrate MJ's legendary fearlessness, '" he said. I wouldn't bet on any Yeezys for long term value until we see a change in that the other end, Nike has done a good job. Thirty years later, Jordan Brand honored that moment with the black, white, and orange "Shattered Backboard" Air Jordan 1.
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However, keep in mind that while this list is based on real-time data and trends, the sneaker market is just as volatile as the actual stock market, so play with caution. For example, when the Jordan 1 Retro High Bloodline shoes came out, Davydov said many people assumed it would go for a lot on the resale market because the Air Jordan 1 silhouette was very popular. He predicted that pairs in sizes 6 and 7 would go for about $160 to $250 each. The booming market, which is projected to hit $6 billion by 2025, is facing headwinds from the coronavirus outbreak, which has infected more than 1.
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Like at the end of the day, it's to wear. "These are a very attractive shoe that is relatively easy to match with and wear, " Jain said. To get to the bottom of things, we sought out insight from StockX CEO Josh Luber, a man who knows a thing or two about treating footwear as arbitrage. On August 25, 1985, after his first season with the Chicago Bulls, Michael Jordan participated in an exhibition game in Trieste, Italy between Stefanel Trieste and Juve Caserta. The sneaker resale market just won't stop. "I looked at that shoe, and I was like, 'Not many people are going to wear this shoe, '" Davydov said. He once made over $20, 000 on a hold of 50 pairs of Jordan 4 Retro Travis Scott Cactus Jacks. But once again, Davydov was right. "It sounds funny because most people who do holds have a few mess-ups, " Davydov said.
Davydov said he could predict exactly what will do well — or poorly — on the resale market, down to the shoe size that will be the most popular. To date, he estimates that he has made close to $400, 000 in sales. Visit Business Insider's homepage for more stories. Because he understands the wearability of a shoe is essential to its resale value, Davydov is also able to predict which shoes will go down in value. The first thing Luber stressed was that restocks—especially to the magnitude of what's been seen with the Adidas Yeezy line—are highly detrimental to long-term value. Jain predicted that once more people start wearing their pairs, and new pairs become rarer, they will rise in value. Whether it's a sneaker that's been slept on with the potential to really blow up, or an already pricey pair that just won't stop, certain styles can be far more lucrative than others to stash. However, he drew a parallel to the Black Cement 3 that was released in 2018 and is also a classic silhouette.
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