Whenever people think about investment, the first thing they remember is about the business opportunity, real estate, and share market. You will find very less people who think about investing in sneakers.
Well, it may seem a bit strange. But if you invest in sneakers, it will be a great addition for you. You may not have any idea about it. But if you get to know the details, you will feel interested in it.
Here you will know about it in detail. So, before you look for high quality comfortable shoes, check them out.
Celebrity Factor
Do you know a Single MAG Nike from 1989 which Michael J wore? The price of that shoe was around $100,000. If any celebrity wears or purchases the shoe, it becomes a huge factor. Undoubtedly, the price will be high, and a lot of people will purchase the same shoe.
The people like to follow the celebrity and their style as well. Sometimes, celebrity sells their shoe, and it makes a huge profit as well. Also, you cannot imagine the price most of the time. It will be a huge amount.
Furthermore, you may not know, but the manufacturer makes the shoe for some specific celebrity or another purpose. So, you will not get a second pair of those shoes.
Sometimes, the manufacturer makes limited shoe pairs to increase the price rate. If the quality is good and the shoe is limited, then automatically, the price will increase.
Resell Demand
Additionally, sometimes you will not know why the value of the sneaker is more than other shoes. Well, the manufacturer makes rare shoes, and they can cost a lot. Many people are prepared to pay any amount for a rare shoe. Plus, it seems their hobby.
So, such shoes are for the person ready to pay high for a pair of shoes. Also, you may blame such people for increasing the price of sneakers. But, a rare thing generally can demand a lot. So, if they think to resell the shoe, it will also cost high.
Bragging Rights
However, if you do not want to resell the sneaker collection soon, still, it will hold value. Some people love to collect sneakers, and later they sell them at high prices.
Many people do not think to invest in shoes instead of real estate or share market. But, it is also a valuable thing for people. If you want, you can invest in such things.
Resell Sneakers Value Goes Down
Of course, we are not discussing common pair sneakers. It would help if you collected some rare sneakers, and they will surely cost high. Common sneakers are available in the market, and people often purchase them.
Also, it does not cost too high as it is common. But, if you can collect rare sneakers, then it will make a huge amount. Also, you will love to collect them. So, think about it as you can gain a huge profit as well.