A sneakerheads review – people who collect, trade or covet sneakers as a hobby. Resellers, capitalizing on the growing trend of these sneaker fanatics demanding limited edition, exclusive athletic footwear are still considered a small segment of total U.S. sneaker sales of $38 billion. However, exorbitant sneaker prices continue to soar.
The two leading sneaker resellers are Stadium Goods and GOAT/Flight Club. They both understand that sneakerheads do not buy sneakers for utility, but a way to communicate personality – making a fashion statement. Examples:
- Louis Vuitton, originally priced at $190, currently selling for $2,750.
- Pharrell Williams (musician) designed Adidas for $12,350.
- Limited edition LeBron Nike shoes sell for an average of $6,000 a pair.
Exorbitant pricing or extortion, a fashion shakedown?
Are you a sneakerhead wannabe?