4 ms·
If you want to see this same event happen in real time in the next few years then look at the sneaker market. The same thing that happened with Comics and Baseb
by loso 13y ago
If you want to see this same event happen in real time in the next few years then look at the sneaker market. The same thing that happened with Comics and Baseball Cards is going to happen in the sneaker market.
Nike and other sneaker companies are pumping out so called "collectable" sneaker to sneaker heads. These people, tempted to say kids but I know too many adults who do this as well, buy the sneakers at $200 and never wear them. Or there are some like the kid in this story http://abcnews.go.com/Business/teenage-sneakerheads-bet-thousands-high-stakes-sneakers-trade/story?id=19393834 http://abcnews.go.com/Business/teenage-sneakerheads-bet-thou... who camp out and buy them only to resell them on eBay right away for double to triple the price.
There is definitely a bubble going on here and someone like me who is very interested in economics and have many friends who are into the sneaker scene, but not as hardcore as a lot of these people, it is going to be interesting to watch it go pop.
- redsparrow 13y agoThat reminds me of this story of a family who "invested" $100,000 in Beanie Babies: http://www.marketplace.org/topics/life/how-one-family-went-bankrupt-spending-100000-beanie-babies http://www.marketplace.org/topics/life/how-one-family-went-b...
- deleted 13y ago[deleted]