- Sneaker resale is booming. It’s now estimated to be a $2 billion market, according to Cowen & Co estimates.
- It 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 expensive sneakers sold via resale over the last 12 months.
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.
These limited releases often cause hype when initially launched, and they have a long tail as the shoes continue to be bought and sold on secondary platforms like StockX, GOAT, Flight Club, and Stadium Goods.
The most expensive shoes being traded right now are almost all shoes that were extremely hard to get in their initial run. Some were not even sold to the public, and hence, are now extremely rare.
Here are the most expensive sneakers to be sold via resale in the last 12 months:
All price information is courtesy of StockX via Cowen and effective March 26.
Adidas Human Race NMD Pharrell x Chanel
Lowest ask: $9,000
Average sale: $7,193
Release date: November 21, 2017
This collaboration between Adidas, Chanel, and Pharrell Williams hit the market in 2017. They were sold via raffle exclusively through a Chanel pop-up shop in the trendy Colette boutique in Paris.
Jordan 5 Retro Transformers
Lowest ask: $6,500
Average sale: $7,600
Release date: June 29, 2017
Originally created in 2017 for Mark Wahlberg to celebrate the release of "Transformers: The Last Knight," sample versions command high prices on reselling websites.
Nike MAG Back to the Future (2011)
Lowest ask: $8,200
Average sale: $8,163
Release date: September 8, 2011
Designed to be a near-exact replica of the shoe developed by Nike to feature in "Back to the Future Part II" in 1989, Nike made and auctioned 1,500 pairs of the shoes on Ebay to fund Parkinson’s disease research. Now, they sell for even more.
- The breakfast wars are heating up as chains like Panera and Burger King double down. Here’s why executives say it is becoming the most important meal of the day.
- Here’s what it’s like to shop on Wish, the $8.7 billion site that sells Chinese goods at rock-bottom prices
- Pre-cut fruit is being recalled in a salmonella outbreak that has sickened more than 90 people. Here’s why a food-poisoning expert refuses to eat it.