Investors are capitalizing on the sneaker craze.
People often marvel at the success of crypto assets, especially Bitcoin, but did you know you could make an even better return by trading in collectible sneakers?
The rise of Bitcoin has been well documented, with the asset class rising from 1 cent to over US $ 60,000 (AUD $ 79,912) in just over a decade.
In fact, the price of the original crypto asset, Bitcoin, has nearly doubled since the start of the year (increasing 88.6% at the time of writing), with investors who bought the asset on the 1st. January paying US $ 32,203 (AUD $ 43,081) per coin.
Despite impressive returns for investors, the humble sneaker bought at the right time could have outperformed the sector.
But knowing which sneaker to buy can be difficult.
As such, eBay will check any shoe valued over $ 150 to ensure buyers and sellers can trade with confidence.
With the help of data from StockX, here are 10 sneakers that investors could have bought and sold throughout the year that outperformed Bitcoin.
10. Converse Chuck Taylor All-Star Vulcanized Hi (96.81% increase)
Starting with the latest pair from “The Ten Collection” by Virgil Abloh, the Converse sneaker was released in November 2017.
Launched as part of the “Ghosting Series”, the pair is available in a white and ice blue colourway.
Investors who planned their purchases well and bought the sneaker on Jan. 15 for US $ 1,631 saw their investment double on June 10 when a pair was sold for US $ 3,210.
9. Nike SB Dunk Low Grateful Dead Bears Orange (100.00% increase)
One for Grateful Dead fans when the Nike Skateboarding team and the band teamed up to create this special edition shoe.
The Nike SB Dunk Low Grateful Dead Orange is designed as a tribute to the band, with a stylized dancing bear that appeared on the band’s debut album appearing on the sneaker.
First released in July 2020, investors could purchase the shoe for US $ 110.
On March 31, a pair of sneakers were selling on StockX for US $ 2,572, before hitting a high of US $ 5,144 on October 19.
8. Nike SB Dunk Low Ben & Jerry’s Chunky Dunky (101.05% increase)
In May 2020, Nike SB and Ben & Jerry’s Ice Cream joined forces to add an animated version to the SB series.
The combination gave birth to the Nike SB Dunk Low Ben & Jerry’s Chunky Dunky, a sneaker released in May 2020 and priced at US $ 100.
As of July 15, 2021, the shoe was valued at US $ 2,268 and on September 6, investors could sell it for US $ 4,560.
7. adidas Yeezy Slide (102.67% increase)
One for Kanye West fans.
Investors in adidas Yeezy Slides have reportedly doubled their money as the shoe’s price rose from US $ 187 on January 10 before selling for US $ 379 on October 8.
6. Jordan 1 Retro High – Trophy Room Chicago (124.90% increase)
Jordan Brand and Trophy Room teamed up to pay homage to Michael Jordan’s first All-Star appearance in the 1985 NBA All-Star game, which was actually the release date of Air Jordan 1. This signature sneaker was originally released. launched in February 2021.
Savvy investors could have bought the shoe on August 18 for US $ 2,518 before making a handsome sum on September 8 by selling it for US $ 5,663.
5. Nike Dune Low Cactus Plant Flea Market Spiral Sage (125.04%)
It wasn’t until July 14 that investors were able to buy the shoe for US $ 6,118, while on October 14 it was selling for US $ 13,768.
After a few sneaker collaborations in 2019, Cactus Plant Flea Market and Nike have teamed up to create a new pair of Dunk Lows, just before the 2020 holiday season.
Released on November 18, 2020, the CPFM and Nike collaboration features an oversized Nike Swoosh, additional tongue padding and detachable double lace flaps.
To go further, the entire stem is covered with Swarovski crystals resembling a disco ball.
The shoe originally sold for US $ 550 a pair.
4. Nike Kobe 1 Protro Undefeated Track Jacket (137.21% increase)
The Californian shoe store UNDEFEATED in partnership with Nike Zoom Kobe 1 Proto teamed up in 2018 to create the “Flight Jacket” sneaker.
This military-themed shoe has never been publicly released, only given to friends and family at Nike Basketball and UNDEFEATED.
The rare shoe, sold for US $ 5,420 on February 11 only for another pair to sell for more than double a few months later to US $ 12,857 on April 20.
3. Nike Dunk SB Low Supreme Black Cement (2002) (171.62% increase)
Back with Nike and this time by partnering with the New York boutique Supreme to create the Nike SB Dunk Low “Black Cement”.
First released in 2020, the shoe is inspired by the Air Jordan 3s, with just 500 pairs originally created and sold in New York and Tokyo Supreme stores.
In 2002, you could buy a pair for US $ 65.
On April 21, the sneaker sold for US $ 5,079, to see the price more than double with another pair selling for US $ 13,796 on August 19, 2021.
2.Nike Air Trainer SC High – Metallic Platinum White Hyper Cobalt (203% increase)
Although a staple of the Nike brand in the 1990s, the Air Trainer SC High series only appeared sparingly over the following decades.
This sneaker, first released in 2014, has seen its value fluctuate on StockX from a low of $ 176 on January 14, 2021 to a high of $ 535 on March 5, 2021.
Not a bad return for any investor.
1. Jordan Why Not Zer0.3 LA Born (867% increase)
Perhaps a surprising winner considering some of the collectable shoes, but an investor in the Jordan Why Not Zer0.3 LA Born could have added over 8 times their value by buying and selling at the right time.
Dropped as part of Nike’s 2020 NBA All-Star collection, the shoe was created as a tribute to LA hometown Laker Russell Westbrook.
The value of the ’90s-inspired design has varied considerably, but if they had been bought low on September 25 for US $ 43 and sold just under a month later on October 18 for US $ 416, they would have was able to make a nice profit.
Bonus trivial fact
Because who doesn’t like a fun fact?
We thought we would give you the most expensive shoe ever to be auctioned.
At the 2008 Grammy Awards, Kanye West starred in a never-before-seen pair of Nike Air Yeezy 1s, which due to their early appearances were known as the Nike Air Yeezy 1 Grammy (prototype).
Although the sneaker itself was never released by Nike, it has become a centerpiece for any collector.
The shoes have changed hands from time to time, selling for between US $ 50,000 (AUD $ 66,967) and US $ 75,000 (AUD $ 100,425).
Following a record-breaking Sotheby’s auction in 2021, one lucky investor became a millionaire, when the sneakers surprisingly sold for US $ 1.8 million (AU $ 2.41 million).