Box Fresh
Currently valued at US$2 billion, the global sneaker resale market is expected to triple over the next five years, according to the investment bank Cowen. StockX, an online marketplace central to this booming industry, itself recently hit a US$1 billion valuation. The most profitable sneakers sold there in 2019, the Jordan 5 Retro Trophy Room University Red (F&F), went for an average of more than US$5,200—a premium of about 2,490 per cent. The Jordan 1 Retro High Dior has an average resale price in excess of US$11,300—and it hasn’t even been released yet.
The numbers
