The Sneaker Resale Market: Basics to Know About the Growing Business
- by Chazz Demaria
- December 14, 2020
Sneakers used to be purchased mainly by sneakerheads. These days, it’s getting easier and easier for people to get their hands on high-demand and limited edition sneakers, most of which are reselling for way more than their retail price. Here are some basic things to know about the sneaker resale market for beginners.
The Highly-Rated Sneaker Reselling Sites
People are selling their sneakers now more than ever before. The sneaker resale market has been valued to be worth more than $1 billion globally. Some of the highly-rated sneaker resale sites include GOAT, StockX, Grailed, and Sole Exchange.
Top 3 Best Reselling Sneakers
When it comes to reselling sneakers, it’s important to keep in mind that the rare-er, the better. It’s also good to have them in “mint” or “deadstock” condition for more value. Here are some of the best sneakers to resell currently.
These are considered to be the most desirable sneakers out there. With only 89 pairs ever made, they are going for $27,000-$53,000.
Even though Kanye West currently has a deal to make and sell Yeezys with Adidas now, his last collab with Nike was and still is in high demand. The Yeezy Red Octobers are going for $6,000-$8,000.
For 2019, it is safe to say the hottest sneaker was the Travis Scott Retro Jordan 1s. These sneakers are the signature shoe of the iconic hip hop artist Travis Scott. These sold out instantly and have a resale value of about $2,000.
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