China’s Next Financial Bubble : High-End Sneakers

Pretty entertaining. Basically exchanges are being set up for trading shoes but they don’t have sufficient protection in place to stop market manipulation etc. a bit like the crypto exchanges.

There’s a few exchanges in the US too - StockX is best known - they’ve had data breaches but fewer issues with running the exchange as far as I can tell.

Nike & co. generally seem content to let these markets do their thing, presumably because it creates hype for the shoes and helps sales. Although they have taken steps to stop bots etc. being used to buy shoes when they’re released.

Does has anyone here tried using an exchange to buy these shoes?


From Swiss watches to French wine now to basketball shoes

Luxury comes from a shortage of supply

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Hence why, as disgusting as it is, companies like Burberry burn perfectly good stock:

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