Coveting a pair of Travis Scott Jordans or Panda Dunks? You just might be able to snag them for a reasonable price in the resale market.
Coveting a pair of Travis Scott Jordans or Panda Dunks? You just might be able to snag them for a reasonable price in the resale market — quite a turnaround from a year ago.Price declines are signaling that the froth has left the market, leading sneaker heads and analysts alike to wonder if the market is crashing — or just normalizing.
"It got to a point in 2020 and 2021 where basically every single sneaker that released on [Nike’s] SNKRS app was selling out and going higher on secondary markets. It barely mattered what it was."As with most other asset classes, the changing macro environment — rising rates and the general risk-off mode — has impacted the flows of money into the space.Unremarkable shoes that shouldn’t be selling out and then popping to a 50% premium aren’t doing so anymore.
Resellers, especially those with scale, can still turn a profit — but it's harder for the fringe reseller to make much, Sykes says. "The fever pitch that the market was once at is gone ... I think we're finally starting to get back to a period of normalcy that we were once in, where you can resell sneakers and make a profit — but it's not going to be as crazy, and it's not going to be as profitable," he adds.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The sneaker resale market has lost its frothCoveting a pair of Travis Scott Jordans or Panda Dunks? You just might be able to snag them for a reasonable price in the resale market — quite a turnaround from a year ago.
Lire la suite »
Earth's hiding fifth layer in its inner core, reveals fresh evidenceTraditionally we've been taught the Earth has four primary layers. Though, a new study points towards a distinct change at depth, suggesting a fifth.
Lire la suite »
NASA’s Planetary Radar Captures Empire State Building-Sized Asteroid As It Flew Past EarthOne of the most elongated asteroids ever imaged by planetary radar was closely tracked by NASA’s Deep Space Network. An oblong asteroid, more than three times as long as it is wide, safely flew past Earth on February 3 at a distance of about 1.1 million miles (1.8 million kilometers, or a little
Lire la suite »
Secrets of Earth’s inner core revealed by large quakesThe reverberations from earthquakes as they bounce back and forth through the centre of Earth have revealed new details about the structure of the planet’s inner core.
Lire la suite »
Technology could solve most of the earth’s problems | PennLive lettersWith all the technology on planet Earth, civilizations across the planet are sinking daily.
Lire la suite »
Scientists Find NASA's Mars Rover Would Struggle to Detect Life on EarthBad news if you're hoping to hear about definitive signs of Martian life soon: the instruments of Mars rovers just aren't advanced enough.
Lire la suite »