These sneakers have exploded on the resale market and each grown in value by more than 2,000%

Farfetch

• The sneaker resale market is booming. Cowen & Co. estimates suggest it could be worth $6 billion globally by 2025.
• Sneakers become more valuable over time. The Nike SB What The Dunk cost $120 when it was released and is now worth $5,000 — an appreciation of 4,067%.
• Here are the 10 sneakers that have appreciated the most in value over time, according to Farfetch and Stadium Goods. 
• Visit Business Insider’s homepage for more stories.

For sneakers, sometimes older is better.

Miles Nadal, a car and shoe collector, recently spent over $1.2 million on 100 pairs of the world’s rarest sneakers at a Sotheby’s auction run in partnership with Stadium Goods.

"I believe that sneakers are where automobiles were 20 years ago," Nadal told Business Insider, referring to his belief that they will ultimately appreciate in value.

Read more: Here are the most expensive Air Jordans to sell on StockX and Stadium Goods, where rare pairs have gone for as much as $20,000

Sneakers are definitely in their heyday. Sneaker resale marketplaces like StockX and Stadium Goods have sold some pairs for as much as $20,000. However, most sneakers don’t start out with such lofty prices. 

The Nike SB What The Dunk was $120 at the time of its release. Now worth $5,000, these sneakers have appreciated in value more than any sneaker, growing at a rate of 4,067%.

Online retailer Farfetch and Stadium Goods shared the 10 sneakers that have had the greatest value appreciation on the resale market. Here are the top contenders:

10. Air Jordan 5 Retro T23 Tokyo

Farfetch

Retail price: $206

Current value: $5,250

Value increase: 2,449%

This Air Jordan 5 Retro T23 Tokyo was based on the iconic Air Jordan that was released in 1990. This unique pair was released in Japan in 2011 and features a Japanese character on the heel. 

9. Louis Vuitton Kanye West x Louis Vuitton

Farfetch

Retail price: $1,140

Current value: $30,000

Value increase: 2,532%

This pink and grey sneaker is the most popular colorway for these high-tops from Kanye West and Louis Vuitton. This pair was named the overall most valuable sneaker on Farfetch’s sneaker list.

8. Nike Air Force 1 ’07 Off White – ComplexCon

Farfetch

Retail price: $150

Current value: $4,000

Value increase: 2,567%

This white sneaker was an iteration designed to celebrate the 35th anniversary of Nike’s Air Force 1. Off-White’s Virgil Abloh created these sneakers, which were released in 2017.

See the rest of the story at Business Insider

See Also:

• These are the 10 best-selling sneakers of the year so far
• Here are the 10 most valuable sneakers on the global resale market, including a $30,000 pair of Kanye West Louis Vuittons
• These were the most iconic sneakers the year you were born, according to sneaker historians

SEE ALSO: Shoppers are now willing to drop hundreds of dollars on sneakers — and they might need to spend even more in the future

Source: Business Insider – feedback@businessinsider.com (Shoshy Ciment)