Meet the sneakerheads driving the massive $1 billion resale market
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Sneakers are a $55 billion global industry. According to sneakerhead data website StockX, the secondary market for rare and limited-release sneakers is estimated to be worth over $1 billion. This is fueled by Nike and its long standing Jordan brand. People wait in lines for hours and spend tens of thousands of dollars just to get their hands on the latest pair of sneakers. To understand the world of sneaker collectors — better known as "sneakerheads" — we spoke with those who know it best, including collector Lex Sadler and dealer Jae Tips, top New York City resellers Flight Club and Stadium Goods, as well as SOLEcial Studies teacher Fresco Wilson. Produced by Josh Wolff and Sam Rega. Hosted and edited by Josh Wolff. Executive produced by Diane Galligan. -------------------------------------------------- Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ -------------------------------------------------- Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Comments
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pernection lol u must not know quality shoes buddy yah their major 2warehouse are in China but all the limited ones are made in different locations to accommodate where their dropping them and even the ones made in Asia are high quality I mean come on the elevens have real carbon on them with such a smooth checker design
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Dont care much about the shoes just the cash
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can somebody tell me where to get shoes that sell for 30,000 cheaper to resell where do they get?
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So how do they get the sneakers before the store do
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what a stupid hobby !
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"searching for stuff and not finding it is what we do" duhh y'all punk asses are the reason regular people cant find their pair. bitch ass resellers fucking up supply so they can profit. but then again, people are buying from them. I personally will never pay resell. either I get it or I don't.
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the Jordans and Yeezys LMFAO the usa is so retarted. bunch of sheeps..
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Hypebeast
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when all sneaker heads know flight club is ass
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I HATE RESELLERS WITH A PASSION 😡😡😡😡😡😡😡😡
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790th comment
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niggers and sneakers. niggers and sniggers
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What are the shoes called on the thumbnail
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What are the shoes called on the thumbnail
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What are those 4s called in 1:18 ?
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What the fuck kinda beat was that at the beginning
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Jason hart is on YouTube under a different name
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where is the plug from the street for shoe in NYC .where is the hookups at
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what are the jordan 6s called at 2:49 ?
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