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Abstract:Sneaker resale is booming, and a lot of it is because of these 10 sneakers.
Sneaker resale is booming. It's now estimated to be a $2 billion market, according to Cowen & Co. estimates.That market is projected to triple in size over the next several years, reaching more than $6 billion by 2025.With the help of StockX, Cowen compiled a list of the most sold sneakers on the platform over the last year. Sneaker collecting is becoming an increasingly common pastime, and it's fueling a secondhand market that is exploding.Sneaker resale is now estimated to be a $2 billion market, according to Cowen & Co estimates. It's projected to triple over the next several years, reaching more than $6 billion by 2025.Almost all of that market is led by sneakers produced by Nike and, to a lesser extent, Adidas, which create rare and highly sought-after models that command prices reaching as high as $50,000.While sneaker resale started out as a way to cop extremely rare, collectible kicks, most of the shoes actually sold in this way are less than $300 and have been restocked multiple times, according to StockX data provided to Cowen. The data covered StockX's most popular models in the 12 months ending in March.Another observation: seven out of the 10 most commonly resold shoes are made by Adidas, specifically its Yeezy sub-brand in collaboration with Kanye West. The other three are made by Nike, but, again, specifically by its Jordan sub-brand that started as a collaboration with Michael Jordan.Here were the most commonly resold sneakers in the last year:All price information is courtesy of StockX via Cowen and effective March 26.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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