Meet the sneakerheads driving the massive $1 billion resale market
Meet the sneakerheads driving the massive $1 billion resale market
Sneakers are a $55 billion global industry. According to sneakerhead data website StockX, the secondary market for rare and limited-release sneakers is estimated to be worth over $1 billion. This is fueled by Nike and its long standing Jordan brand. People wait in lines for hours and spend tens of thousands of dollars just to get their hands on the latest pair of sneakers.
To understand the world of sneaker collectors — better known as “sneakerheads” — we spoke with those who know it best, including collector Lex Sadler and dealer Jae Tips, top New York City resellers Flight Club and Stadium Goods, as well as SOLEcial Studies teacher Fresco Wilson.
Produced by Josh Wolff and Sam Rega. Hosted and edited by Josh Wolff. Executive produced by Diane Galligan.
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Meanwhile in other countries they quietly go to work every day, make the shoes, sell the shoes by the millions, put their kids through college, buy $10 million houses in the USA, while these spoiled American kids dream of living in shipping containers and garden sheds on wheels. Easy come easy go chumps. :-/
noice
Flight club! my favorite store in the city!!!
Please someone tell me where I can buy some Blacksburg Michel Vick’s?
Yeezy’s ugliest shoes in the world! I wouldnt buy em for 10 bucks!
Is it just me or those yeezy look fake
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bet
Did anyone see enimens sneakers?
This is dumb. Those are just shoes
We’re doomed as a nation when morons like this are the go to people.
that mf makes it looks like he’s selling drugs out of his backpack
turn this dumbass background sound off
i’ve never seen so many broke people look so rich!!! All that matters is looking fly for the present moment, but the future looks grim.
I buy shoes, you buy $5 cup of coffee everyday. Dont hate.
Why it sound like grandma getting her shyt clapped at the beginning
Im mad dude said back then Jordan’s weren’t popular🤔!?!?! Yea I ain’t taking info on a guy that don’t know his info, especially not a class! 3 years later and UA is still not popular
I been collecting shoes for bout 20 years, from New York. And my problem is this has become a thing that people who truly didn’t grow up in the culture have come in and made money off it. They already had money and basically colonized the sneaker culture. What this video won’t tell is how bots are another who driving force of the sneaker culture. Since everything has gone online bots were created to increase chances of buying bulk of online product. So now only certain people have all the stock of the high energy release shoes. The video also says the shoe companies don’t reap benefits of the resell which is also not true. They have figured out through marketing how to create a certain exclusivity buzz for particular shoes also releasing more shoes than ever so when they release shoes are being sold out immediately never sitting on shelves and here’s the kicker they are then investing into the consignment shops for example Footlocker investment into goat. Eventually like most everything that gets hopped on and sucked dry because it’s become saturation, the shoe culture will eventually die.
Please check out my shoes! 😀
https://www.aliveshoes.com/clem-wear
Now don’t the soles on these things usually just self destruct and disintegrate in like 10 years?
god please never use that clapping track again
Do whatever u want with ur money sneakerheads. But dont be complaining bout bills, rent and wanting higher wages.
I got sneakerhead friends who always got the latest kicks. Dude owes $15,000 on his credit cards but he got yeezys lmao.
Had to mute my phone so fast
Real men don’t do shoes
kroasis.com has dope cloths
A sneaker class?!?! LMAO
Here I am at Ross getting Nikes under 60 bucks. The only catch is I wear 13 size shoe, but for the deal I have buy a 16 shoe. Don’t judge my hustle 😜😄😀
The title should read " Meet the Parents that are driving the massive $1 billion resale market" cause noe of these mufuckas look like they got jobs
Why isn’t the curry’s going to be popular in the future? For the same reason no one gives a shit about the Iversons or the melos or the Patrick Ewings. Yeah sure, The Curry’s might be around like the Kobe’s and rven KDs but never like Jordan if anything LeBron might come close if anything.
Hate resellers hope they all die
I bet they dont have the Nike Air Force SF1 high laser yellow or White&black color
Eminem 4= 30k $ ! Uhhm nah hell nah
Wait till they find out that it only cost around $30 to make the shoe lol.
The end customer are kids with no money….
Half those sneakers are ugly af
2:20 "that’s the most coveted sneakers you could ever want…" Them exact shoes are £95 at jd sports.
07:18
Is that the best example y’all can come up with? I have nothing but love for curry but I saw his shoes @ Marshall’s for $39.99.
You prolly won’t find Yeezy or nice Jordan’s there..
Resellers are the reason the real consumer can’t get the goods. 80% initial purchasers are resellers..bragging about how much they going to sell for amongst themselves on their way to getting the product. 😠😠
This is shit man i was always in first person about 8 years ago there was no fkn resellers at that time. Now it’s fked up i dont even want to wear j’s anymore
4:30 I swear he was fina fall 😅
Thanks to these resellers reps came in and man am I happy they did
Who pays Flight Club prices? 🤷🏻♂️
Stupid
Anyone wanna give my sneakers a try
Remember only one pair.others will buy after review of that guy/girl😊😊
Fck You Resellers…greedy fcks
The copy in the beginning got lowkey annoying asf
Sneakerheads? you mean resellers I don’t have anything against resellers but these dudes are resellers bruh. I feel like whenever any mainstream news outlet does these kinda stories they always misconstrue a whole lot of shit.
Payless > fightclub
Classic tulip mania
Flight club be raping people wit they bullshit ass prices