11 ms·
You See Sneakers, I See Tulips.
by mbid 9y ago
You See Sneakers, I See Tulips.
- robotcookies 9y agoI think there is a difference here. With Tulips, all the buyers were people intending to sell at a higher price. Initially, yes people bought them for the product itself. But it came to point where all the buyers were just interested in reselling them. They were buying for price appreciation and not the product itself. With sneakers it's different because the prices paid are by people interested in the product itself. In that sense this is more like comic books or baseball cards. And these things can keep their high prices indefinitely.