There’s a huge market for first-edition or limited-release sneakers, which are traded like a form of currency. And, as with bottles of fine wine, brand-new or even gently used sneakers often go up in value over the years.
This tends to be especially true for limited-edition styles from Nike or Adidas. What’s new today may become a valuable vintage item before long.
Used, original Nike Air Jordan 1’s from 1985 can go for more than $1,500, and a mint-condition pair in the box recently sold on eBay for close to $4,000. The original retail price? About $65.
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