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SNEAKERS AS ASSETS

by Dimitri Kousidis

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LA TIMES

  • Those Nikes — buy, hold, or sell? Sneakers are now assets trading like stocks

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SNEAKERS AS SELLABLE ASSETS

  • “If it’s a shoe that I know I can sell,” [Johan Aguirre] said, “typically I’ll buy the whole inventory that’s presented to me. And from the moment I know the sizes and the styles and the product code, I list it on StockX and it’s live right away.”

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STOCKX

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STOCKX

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RESELL GAME

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REAL WINNER

  • StockX has officially reached a $1 billion valuation after its most recent funding round, co-founder Josh Luber told CNBC on Wednesday.

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SOURCES