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. Ishaan Jain makes thousands of dollars reselling sneakers. 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. According to sources, a store that receives a typical Air Jordan 1 shipment usually gets three to six pairs of each size. With the "Shattered Backboard, " stores lucky enough to get the shoe only received one pair of each size.
Thirty years later, Jordan Brand honored that moment with the black, white, and orange "Shattered Backboard" Air Jordan 1. After Davydov had success with his first major hold that he predicted would do well — the Jordan 4 Retro White Cements — he said the process became a lot more intuitive. The 19-year-old has become a master in buying and selling popular shoes at the ideal time to make the biggest profit. An essential part of the holding method is being able to predict which shoes make the best investment. 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. "Who doesn't love that?
Jain added that the story behind the shoes also made them valuable. The "Reverse Shattered Backboard" also sold out immediately, with the colorway reselling for approximately $600 on StockX. "The legendary 'Nike Air' on the back of the sneakers is something that has appealed to sneakerheads for decades. 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. But perhaps the most important part for resellers is determining if a shoe is wearable.
"Just by looking at the shoe, I already knew that the shoe was going to go to the outlets, " Davydov said, adding that the silhouette didn't mean the shoes would necessarily be a hit on the resale market. The shoe mimicked the "Black Toe" Jordan 1 colorway, only replacing the red with orange and changing the toe box from white to orange. All of this meant the Air Jordan 1 "Shattered Backboard 2. 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. "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. Wearing the black, white, and orange of Trieste and his "Chicago" Air Jordan 1s, Jordan put on a show, pouring in 30 points. He uses a method called "holding, " in which he waits to sell certain pairs until they reach their maximum value. The first thing Luber stressed was that restocks—especially to the magnitude of what's been seen with the Adidas Yeezy line—are highly detrimental to long-term value. Like at the end of the day, it's to wear. I knew which shoe was going to go up. Both the original and the second version of the shoes now sell for nearly $1, 000, Jain said.
It can be hard to predict which hyped sneakers will explode on the resale market. That shoe hasn't grown much in value over the past two years, and Jain predicted the same could happen with the Jordan 3 Retro UNCs. For a deeper look into which sneakers could be worth keeping around, scroll down. But once again, Davydov was right. It is important to have confidence in your shoes. "This being the only Off-White shoe in the Jordan 5 silhouette, it's tough to see these not rising in value in a little while, " Jain said. "So I think they will definitely go up in value in about a year. "Shoes aren't just to be resold. 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. 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. Resellers were quick to realize they had a hot commodity on their hands and prices soon escalated up to $500.
Everything Davydov predicted happened in a matter of months. "Who knows what Kanye's going to decide. Under this method, he believes the Shattered Backboard 3. Like the previous two, it also resells for several times its original value, going for more than $600 on StockX. Taking cues from similar previous releases is super important in determining whether the value of a particular shoe will grow or not, Jain said. The 19-year-old started reselling sneakers seriously in 2015 and said he made $325, 000 in sales between September 2017 and March 2019. Here are the top four models Jain said would be worth the investment right now — and one he said isn't worth your time. In the two versions of this shoe that were released previously, the sneakers were not worth much right after they were released, but they both skyrocketed in value after some time had passed. "The shoes are based off of one of Michael Jordan's epic dunks that happened in an exhibition game in Italy, " Jain said. The teenager made six figures in sales last year — and made five figures on some individual holds. But the absolute highlight was a thunderous dunk — a dunk so powerful Jordan shattered the glass backboard. "I think you can guess what colors Michael Jordan's jersey had on it during this exhibition game.
It may seem like this goes without saying, but the repeated re-releases affect more than just Kanye's sneakers. "Restocks totally kill the value, totally kill the long-term hope, " Luber explains. This version mirrored the Air Jordan 1 "Chicago, " only switching the red parts for orange. He once made over $20, 000 on a hold of 50 pairs of Jordan 4 Retro Travis Scott Cactus Jacks. He gave the example of the Jordan 6 Retro Travis Scott, which everyone assumed would skyrocket in price. On August 25, 1985, after his first season with the Chicago Bulls, Michael Jordan participated in an exhibition game in Trieste, Italy between Stefanel Trieste and Juve Caserta. 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. 2 million people worldwide. The sneaker resale market just won't stop. The newest rendition takes inspiration from the "Bred" Air Jordan 1, replacing the red with orange once again. 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. "It sounds funny because most people who do holds have a few mess-ups, " Davydov said. 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.
Though Davydov attributes a lot of his prediction success to intuition, he said there were some more tangible features to this art. He can predict which shoes will end up in outlet stores. "I looked at that shoe, and I was like, 'Not many people are going to wear this shoe, '" Davydov said. Jordan 1 Retro High Fearless UNC Chicago. To date, he estimates that he has made close to $400, 000 in sales. Davydov said he knew that pair wouldn't go up in value for one simple reason. With just a few minor alterations to an already classic shoe, a new grail was born. Alan Vinogradov, the cofounder and organizer of Sneaker Con, previously told Business Insider that he recommended that people buy pairs of the Nike SB Dunk Low Travis Scotts or the Jordan 5 Retro High Off-Whites. There were a few factors that contributed to the shoe's unwearability. 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. "These are a very attractive shoe that is relatively easy to match with and wear, " Jain said. Davydov's method has proven effective. Visit Business Insider's homepage for more stories. Isaac Davydov made six figures in 2019 reselling sneakers.
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