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Ishaan Jain makes thousands of dollars reselling sneakers. "Restocks totally kill the value, totally kill the long-term hope, " Luber explains. 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. Become an Insider and start reading now. I knew which shoe was going to go up. The shoe mimicked the "Black Toe" Jordan 1 colorway, only replacing the red with orange and changing the toe box from white to orange. Jordan 1 Retro High Shattered Backboard 3. "I learned which shoes are going to be hitting the outlets, " Davydov said. They haven't re-released any of the Off-White [collaborations], the original 'The Ten' is going to be worth a lot. He can predict which shoes will end up in outlet stores. "But it just became so intuitive for me where it was like I knew which shoe was going to go down. After Davydov had success with his first major hold that he predicted would do well — the Jordan 4 Retro White Cements — he said the process became a lot more intuitive.
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There were a few factors that contributed to the shoe's unwearability. But perhaps the most important part for resellers is determining if a shoe is wearable. Four years later, the first "Shattered Backboard" can go for more than $1, 000 via resale platforms such as StockX. "You have to look at shoes, " Davydov said. The sneaker resale market just won't stop. It can be hard to predict which hyped sneakers will explode on the resale market. "Who doesn't love that? The "Reverse Shattered Backboard" also sold out immediately, with the colorway reselling for approximately $600 on StockX. 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. It's kind of like stocks. The shoes eventually resold for about half of what they were worth at retail.
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Jain predicted that once more people start wearing their pairs, and new pairs become rarer, they will rise in value. 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. 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. According to sources, a store that receives a typical Air Jordan 1 shipment usually gets three to six pairs of each size. A golden rule for Davydov is that a shoe will not sell if people will not wear it. Last year, Jordan Brand stoked the hype again by releasing the women's "Satin Shattered Backboard. " Again, quantities were extremely limited and the quality of the materials seemed better than other Air Jordan 1s. "I looked at that shoe, and I was like, 'Not many people are going to wear this shoe, '" Davydov said. Thanks to a compelling story and plenty of hype, the $160 "Shattered Backboard" sold out immediately after going on sale on June 27, 2015. Both the original and the second version of the shoes now sell for nearly $1, 000, Jain said. Davydov can also tell which sizes will sell for the most. Though Davydov attributes a lot of his prediction success to intuition, he said there were some more tangible features to this art.
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He gave the example of the Jordan 1 Retro High Shattered Backboard 3. 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. Resellers were quick to realize they had a hot commodity on their hands and prices soon escalated up to $500. "These are a very attractive shoe that is relatively easy to match with and wear, " Jain said. The 19-year-old started reselling sneakers seriously in 2015 and said he made $325, 000 in sales between September 2017 and March 2019. 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. Like the previous two, it also resells for several times its original value, going for more than $600 on StockX. 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. According to sneaker reseller Isaac Davydov, sometimes it's just a feeling.
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But once again, Davydov was right. As opposed to quickly selling his merchandise after purchase — a method known as "flipping" — Davydov's strategy, known as "holding, " is a slower process that allows for even higher returns on investment. Like at the end of the day, it's to wear. Now, the legend of the "Shattered Backboard" series continues, with Jordan Brand planning to release the "Shattered Backboard 3. "It sounds funny because most people who do holds have a few mess-ups, " Davydov said.
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2 million people worldwide. Jordan 1 Retro High Fearless UNC Chicago. "The shoes are based off of one of Michael Jordan's epic dunks that happened in an exhibition game in Italy, " Jain said. These shoes were released in February, and Jain said it would be worth waiting a bit for them to go up in value. Here are the top four models Jain said would be worth the investment right now — and one he said isn't worth your time. Jordan 5 Retro High Off-White. He also can predict which shoes will go down in value. 0, " aka the "Reverse Shattered Backboard" or "Shattered Backboard Away, " was all but guaranteed to be a hit when it came out on October 8, 2016, also retailing for $160. Davydov's method has proven effective. With the "Shattered Backboard, " stores lucky enough to get the shoe only received one pair of each size.
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Davydov said he knew that pair wouldn't go up in value for one simple reason. Jain revealed his recommendations for the styles and specific pairs worth investing in. 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. An essential part of the holding method is being able to predict which shoes make the best investment. He predicted that pairs in sizes 6 and 7 would go for about $160 to $250 each.
Jain said the show had a popular colorway, judging by the success of the almost identical UNC Jordan 3 Player Exclusive (PE), which goes for about $6, 000, and that the Jordan 3 is a popular silhouette. The teenager made six figures in sales last year — and made five figures on some individual holds. 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. Everything Davydov predicted happened in a matter of months. It's a tough time for the $2 billion sneaker-resale industry.
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