Depending on how long you've been here, you've probably heard me talk about 'sneaker grading', cuz I invented this whole thing about 8-9 years ago...I had to take a step back for a bit cuz I was driving myself crazy - how is it that nobody has caught up to this idea, yet? I mean, I've met with some major companies over the past year - regarding grading - and I think most are still trying to see how this recession pans out.
I think, unless you've been living under a rock, you know what grading is about and what it can represent...if you don't, check out a few of my highlights. The problem I've found with grading - it's hard to find data, tho, as the statistics on grading (as they currently stand) are kinda hard to decipher.
It might be difficult to see the image, but in 2018, a PSA 9 Jordan rookie sold for ~$7k and a PSA 10 Jordan rookie sold for $35k. Those same cards in those same grades sold for $35k and $215k, respectively, in 2022...representing a 4 year multiplier of 5x (on the 9) and a 6x (on the 10). Applied to sneakers, do you think we'd see a similar multiplier or something vastly different? In other words...do you think the sneaker market has seen a 5 fold increase over the past 4 years?