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I think this ecosystem of re-selling is part of what creates perceived value and perceived scarcity.
by forgotmypw17 6y ago
I think this ecosystem of re-selling is part of what creates perceived value and perceived scarcity.
- dalbasal 6y agoExactly. In fact, I'd argue this is what "becoming an asset class" means. Liquidity. Secondary markets. Prices that are disconnected with the underlying sneaker. etc. I think sneaker companies do the opposite to what OP suggests, in fact. They do things like creating abundance in one place and scarcity in another. This creates an opportunity for dealers, speculators, and secondary market activity. That whole complex is what makes sneakers an asset class... which in turn makes it a premium fashion item. Nitpick: The scarcity isn't perceived. It's real, just "artificial" in the sense that they produce limited amounts on purpose, and limit it in other ways.
- rdtwo 6y agoYes it’s part of the model. If there was no scarcity nobody would pay 220-280 for some sneakers