He gave the example of the Jordan 6 Retro Travis Scott, which everyone assumed would skyrocket in price. Visit Business Insider's homepage for more stories. Thirty years later, Jordan Brand honored that moment with the black, white, and orange "Shattered Backboard" Air Jordan 1. This version mirrored the Air Jordan 1 "Chicago, " only switching the red parts for orange. Here's how the reseller can tell which shoes will make a huge profit with just one glance: A lot of factors go into predicting which shoes will go up in value. The teenager made six figures in sales last year — and made five figures on some individual holds. "The Jordan 1 has proven time and time again to be the most popular silhouette, " Jain said. Jain, who is a freshman at the University of North Carolina at Chapel Hill studying business administration, now runs his business from his dorm room, though he said it has slowed down since his time in high school. Jain said the show had a popular colorway, judging by the success of the almost identical UNC Jordan 3 Player Exclusive (PE), which goes for about $6, 000, and that the Jordan 3 is a popular silhouette. Jordan 1 Retro High Fearless UNC Chicago. But perhaps the most important part for resellers is determining if a shoe is wearable. I knew which shoe was going to go up. But once again, Davydov was right. Davydov said he could predict exactly what will do well — or poorly — on the resale market, down to the shoe size that will be the most popular.
The "Reverse Shattered Backboard" also sold out immediately, with the colorway reselling for approximately $600 on StockX. He uses a method called "holding, " in which he waits to sell certain pairs until they reach their maximum value. Jordan 5 Retro High Off-White. The shoes eventually resold for about half of what they were worth at retail. The newest rendition takes inspiration from the "Bred" Air Jordan 1, replacing the red with orange once again. In 2015, Nike's Jordan Brand debuted a non-OG Air Jordan 1 colorway that took the sneaker world by storm.
Here's how the 19-year-old is able to be spot-on with his predictions for which shoes will increase in value over time. To navigate the crisis, resellers might want to consider cashing out on hyped-up pairs that might not regain value for another year, Jerry Wu, the head of Sneaker Con China, told Business Insider in a recent interview. It can be hard to predict which hyped sneakers will explode on the resale market. The 19-year-old started reselling sneakers seriously in 2015 and said he made $325, 000 in sales between September 2017 and March 2019. 0 will go up in value, he said. The shoe mimicked the "Black Toe" Jordan 1 colorway, only replacing the red with orange and changing the toe box from white to orange. Under this method, he believes the Shattered Backboard 3. 0s are no different.
"Restocks totally kill the value, totally kill the long-term hope, " Luber explains. Luber says this is also a big part of why comparably sought-after shoes which rarely (if ever) restock—like Virgil Abloh's Off-White Nikes—continue to be some of the most valuable. "Contrary to popular belief, the UNC Jordan 3s are a shoe I don't think will go up much more from here, " Jain said, explaining that the relatively high retail price ($190), plus shipping and taxes costs, put the shoe at about $220. 0, " aka the "Reverse Shattered Backboard" or "Shattered Backboard Away, " was all but guaranteed to be a hit when it came out on October 8, 2016, also retailing for $160. Jordan 1 Retro High Shattered Backboard 3. The sneaker resale market just won't stop. With the "Shattered Backboard, " stores lucky enough to get the shoe only received one pair of each size. Davydov made his controversial prediction via a YouTube video, which led to attacks by naysayers who said he was senseless. It may seem like this goes without saying, but the repeated re-releases affect more than just Kanye's sneakers. Again, quantities were extremely limited and the quality of the materials seemed better than other Air Jordan 1s.
Ishaan Jain makes thousands of dollars reselling sneakers. On its own, the Air Jordan 1 "Shattered Backboard" wasn't so different from other Jordan colorways, but a combination of storytelling, popping colors, limited quantities, and quality materials propelled the silhouette into sneaker history as one of the most sought-after Air Jordan 1s of all time. Thanks to a compelling story and plenty of hype, the $160 "Shattered Backboard" sold out immediately after going on sale on June 27, 2015. Jain predicted that once more people start wearing their pairs, and new pairs become rarer, they will rise in value. "I think you can guess what colors Michael Jordan's jersey had on it during this exhibition game. "It sounds funny because most people who do holds have a few mess-ups, " Davydov said. "You have to look at shoes, " Davydov said.
Because he understands the wearability of a shoe is essential to its resale value, Davydov is also able to predict which shoes will go down in value. Right now, they aren't selling for much on the resale platforms, but that will likely change, Jain said. "The legendary 'Nike Air' on the back of the sneakers is something that has appealed to sneakerheads for decades. Jain revealed his recommendations for the styles and specific pairs worth investing in. Become an Insider and start reading now. The 19-year-old has become a master in buying and selling popular shoes at the ideal time to make the biggest profit. The insole also featured an image of a shattered backboard. A golden rule for Davydov is that a shoe will not sell if people will not wear it. Ishaan Jain, a sneaker reseller, also has some recommendations for resellers looking for new investments. Like the previous two, it also resells for several times its original value, going for more than $600 on StockX. "Who doesn't love that?
He also can predict which shoes will go down in value. "Who knows what Kanye's going to decide. This story is available exclusively to Insider subscribers. It's a tough time for the $2 billion sneaker-resale industry. While some so-called resellers nickle and dime with as many shoes as they can get their hands on each week, it takes a discerning eye to truly make your money work for you in the aftermarket. Oddly, around the time the "Reverse Shattered Backboard" was set for release, pictures appeared online purporting to be of the OG "Chicago" Air Jordan 1 MJ wore in Trieste. He once made over $20, 000 on a hold of 50 pairs of Jordan 4 Retro Travis Scott Cactus Jacks. Now, the legend of the "Shattered Backboard" series continues, with Jordan Brand planning to release the "Shattered Backboard 3. It turns out that a shoe's wearability is one of the most important features it can have to be successful on the resale market. He said understanding past market and style trends is essential to predicting which shoes to hold. Davydov can also tell which sizes will sell for the most. Don't get us wrong, we're advocates for wearing your sneakers, but this is for that set of people who inevitably pop up on social media asking which pairs are and aren't worth reselling. If you want to know more about Jordans, watch the video below.
About a month after the shoes came out, Davydov saw them in an outlet store. People just aren't patient at all and get worried too quickly. Just when it seems like things are headed for a downturn, another boom hits, keeping the cycle moving and furthering the near-unattainable status of certain hard-to-find shoes.
"I looked at that shoe, and I was like, 'Not many people are going to wear this shoe, '" Davydov said. Davydov said he knew that pair wouldn't go up in value for one simple reason. Whether it's a sneaker that's been slept on with the potential to really blow up, or an already pricey pair that just won't stop, certain styles can be far more lucrative than others to stash. Here are the top four models Jain said would be worth the investment right now — and one he said isn't worth your time. An essential part of the holding method is being able to predict which shoes make the best investment. I wouldn't bet on any Yeezys for long term value until we see a change in that the other end, Nike has done a good job. But even amid a pandemic, certain sneakers are still retaining their investment value.
The booming market, which is projected to hit $6 billion by 2025, is facing headwinds from the coronavirus outbreak, which has infected more than 1. For example, when the Jordan 1 Retro High Bloodline shoes came out, Davydov said many people assumed it would go for a lot on the resale market because the Air Jordan 1 silhouette was very popular. Isaac Davydov made six figures in 2019 reselling sneakers. Like at the end of the day, it's to wear. As opposed to quickly selling his merchandise after purchase — a method known as "flipping" — Davydov's strategy, known as "holding, " is a slower process that allows for even higher returns on investment. 2 million people worldwide. Jain added that the story behind the shoes also made them valuable. To stay updated on everything happening in the sneaker world, follow @Highsnobietysneakers on Instagram, check our sneaker release date calendar and subscribe to our sneaker chatbot on Facebook to receive lightning quick updates to your inbox. To analyze this pair, Jain said he looked at the Gold Toe 1s, which were released in 2018 and have recently shot up in value.
For a deeper look into which sneakers could be worth keeping around, scroll down. Both the original and the second version of the shoes now sell for nearly $1, 000, Jain said. He can predict which shoes will end up in outlet stores. These shoes were released in February, and Jain said it would be worth waiting a bit for them to go up in value. Everything Davydov predicted happened in a matter of months. However, keep in mind that while this list is based on real-time data and trends, the sneaker market is just as volatile as the actual stock market, so play with caution. Do you know what I mean? To get to the bottom of things, we sought out insight from StockX CEO Josh Luber, a man who knows a thing or two about treating footwear as arbitrage.