Sneakerheads are known for their collections of rare (and often quite pricey) shoes.
Today, many collectors buy their shoes on the resale market, where prices can enter the five-digits.
On the auction block, shoes can go for even more.
Business Insider’ Shoshy Ciment recently reported that a pair of Michael Jordan’s game-worn shoes sold for over half a million dollars, breaking the existing record and becoming the most expensive sneakers ever sold at auction.
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Sneakers can be extremely valuable, and no one knows that better than “sneakerheads.” The closets of some of the most prominent sneakerheads can be as mindbogglingly expensive as those of Birkin bag collectors.
Today, many collectors can find shoes on the resale market, which had an estimated worth of $2 billion dollars in 2019, according to Business Insider’s Dennis Green. But at auction, individual pairs of sneakers can be even pricier.
The value of a given pair of sneakers is often tied to the history behind them. Shoes worn by Michael Jordan, for example, tell the story of his basketball career and serve as snapshots in time. Other shoes are valuable because of how rare they are; one example is the …read more
Source:: Businessinsider – Life