I like how a lot of people, in the pandemic , were talking about how sneakers are good investments and I like that a whole new class of sneaker dealer kinda popped up overnight. I kinda hate what it’s become, tho, with dudes jockeying back and forth to scrimp a few bucks or dudes gambling with coin flips or whatever…but the concept of a sneaker reseller or a sneaker investor kinda became (sneaker) mainstream.
I like that there are no shortage of resellers cuz I can usually find what I want…but…IMO…ain’t nothing truly glamorous or interesting about selling someone else’s product.
Anyway, My pops sent me this the other day…He collects old guitars and I’m kinda little bit into sneakers…he asked me if I’d seen the Guitar SBs then sent me the actual guitar they were based off of…made me think..
How many resellers can respect the basic precepts of an ‘investment’, and how many don’t understand the concept of a depreciating asset. Sneakers sit in this weird middle ground because they are mostly perishable (thus depreciating) but also highly coveted. In a sense, any physical product can be deemed ‘perishable’, but on a scale 10-20 years vs. 100-200 years, I’d say your best returns are probably going to come from the one that lasts longer.
Anyway, take a look at the price of that guitar on the last page. I know it’s like a one of one, but I’d rather hold onto that for 20 years than another pair of shoes…