How Reselling Sneakers Is Better Than Buying Stocks
[youtube ytid=”https://www.youtube.com/watch?v=yb2-oOU9G5w?autoplay=1&w=580&h=385″ ]
There aren’t many people with a better understanding of the volatile sneaker market than Josh Luber, the man behind the data-centric website Campless. Last month, Luber took his expertise to the stage as he gave his very own Ted Talk. The speech was loaded with interesting stats and sales figures, but there was one bit of info that really caught our attention.
Towards the end of his talk, Luber shifted his attention to a concept he calls a “stock market of things,” which lead him to address the Jordan IIIs on his feet.
“If you had invested in a pair of Air Jordan III “Black/Cement” in 2011, you could either be wearing them on stage, or have earned 162 percent on your money. [That’s] double the S&P, and 20 percent more than Apple. And that’s why we’re talking about sneakers,” Luber said.
You read that correctly — reselling a pair of 2011 Jordan IIIs would actually give you a higher return on investment than stock in Apple from the same time period. As expected, Luber brought along the numbers to back up his words, which you’ll see in the image above.
Watch the full talk below and stay tuned to see what comes of Luber’s proposed sneaker stock market.
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How Reselling Sneakers Is Better Than Buying Stocks from Complex.
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