08/11/2020 ~ Mohammad Yousaf

Nike Space Hippie 01 Black Wheat Background, Detailed Look and, Resale Value

After a highly successful launch of the ‘space Hippie’ lineup, Nike is going all in with new releases seemingly every month! The Nike Space Hippie 01 Black Wheat price is $130 and drops on the 20th of August. Keep reading to know all about it!

August has been so profitable with so many hyped sneakers yet to come. If you haven’t already, I recommend checking out or top picks for August 2020’s Best Sneaker to Resell. There is a lot of heat yet to come and here at sixfiguresneakerhead, we make sure you’re always informed.

This Multi-Billion Dollar Market continues to expand as investors continue to make thousands every month. Make the most of this opportunity and get a re-selling education!

To help you get started, our blog provides reselling and release guides to help you through your re-selling journey. We also drop content on an array of different related topics so stay tuned!

The Nike Space Hippie 01 Black Wheat is the third colorway of this silhouette ever. The Space Hippie lineup is a great initiative taken by Nike and I’ll explain why.

Skip to conclusion for those in a hurry.

The Dark Side of Sneakers

Via Treehugger

One of the most important parts of a functional performance sneaker, many believe, is plastic.

Plastic performed better than almost anything else and it was durable, too durable. The problem with that is since it’s not biodegradable, they keep their form for years. This not only pollutes the environment but chokes wildlife, including endangered species.

Nike’s “Move to Zero” initiative has been an excellent way to reduce their carbon foot print and set an example for other companies.

Around the world, a total of $20 billion shoes were sold in 2019 alone. To put that in perspective, that’s almost an entire closet full of shoes for every person on the planet.

Unsurprisingly so, a lot of those sneakers aren’t discarded properly and end up in vulnerable places such as the oceans. BBC has reported hundreds of Nike sneakers washing ashore on the beaches of the Atlantic islands and many other places.

Sadly, plastic is not the only problem. The stitches and glues used also harm the environment and are a pain to get rid of. Companies such as Parley and Nike have started to take serious measures to counter these problems.

Nike Move To Zero| Space Hippie

From Nike News

Nike isn’t new to pushing environmental sustainability efforts at all. They’ve been doing it for a long time, as is proven with their Flyknit sneakers. The Nike Flyknit sneakers such as the VaporMax use far less materials and leave a much smaller carbon foot print on the planet.

In 2013, they’ve also revealed an internal analysis showing a reduction in carbon emissions. It was only a tiny 3% but I suppose it’s good marketing as well. Recently however, they’ve been pushing the boundaries with the space hippie lineup.

The Space Hippie sneakers are made up of over 50% recycled material in weight. That includes 90% recycled polyester which is more than what any other sneaker manufacturer does.

The Nike Space Hippie 01 lineup has especially been highly sought after with fast sell outs and high resale prices. Other sneakers such as the Air Jordan 1 High Zoom Space Hippie have also been profitable but the Space Hippie 01 has one of the best profit margins.

To estimate the resale value of the Nike Space Hippie 01 Black Wheat, let’s head on over to StockX.

Nike Space Hippie 02 Vast Grey Hyper Crimson

From StockX

Retail Price: $150

Peak Resell: $450

Release Date: 07/03/2020

Colorway: Vast Grey/Hyper Crimson

Even though the Nike Space Hippie 02 Vast Grey Hyper Crimson is one of the least hyped, these kicks still sell!

Compared to the 01, this sneaker has a more elevated silhouette with a slip-on design instead of a lacing system. It comes in a vast grey upper with a crimson stitched ‘Swoosh’ and a white crater foam sole.

On StockX, the average selling price is $240 which is a respectable gross profit of $90. Had you sold these at peak resale prices, profits would have been as high as $300. Not bad for the least hyped sneaker! For a more detailed look, check out our article.

Nike Space Hippie 01 Vast Grey Hyper Crimson

From StockX

Retail Price: $130

Peak Resell: $750

Release Date: 07/03/2020

Colorway: Vast Grey/Hyper Crimson

The Nike Space Hippie 01 Vast Grey Hyper Crimson comes in a typical low-top running sneaker silhouette. With the lowest price of $130, this was also one of the most anticipated.

A vast grey upper with a stitched crimson ‘swoosh’ is the only deviation from the latest Nike Space Hippie 01 Black Wheat. The typical be-speckled white crater foam sole finishes off the design.

This Space Hippie 01 has great resale value, as it should, considering how hard it was to cop them for retail. The average selling price is $260 which is an average gross profit of $130. At peak resale prices, profits are as high as $620.

The Nike Space Hippie 01 Black Copper or ‘Wheat’ may not be as hyped since this was the first colorway ever. Resale prices however, may be close.

Nike Space Hippie 01 Grey Volt

From StockX

Retail Price: $130

Peak Resell: $350

Release Date: 07/16/2020

Colorway: Wolf Grey/Black-Volt-Dark Smoke Grey

The Nike Space Hippie 01 Grey Volt is almost identical to its Hyper Crimson counterpart with the exception of a lighter grey upper and volt ‘Swoosh’. A multi-colored/white crater foam sole completes the design.

The average selling price on StockX is $190 which is an average gross profit of $60. At peak resale prices, gross profits are as high as $220. I believe resale isn’t higher because of how similar this sneaker looks to the Hyper Crimson ones.

I expect resale for the Nike Space Hippie 01 Black Wheat to be somewhere between both these sneakers.

Nike Space Hippie 01 Black Wheat

Nike-Space-Hippie-01-Black-Wheat-Full-View
Via sneakerbardetroit

Retail Price: $130

Estimated Resell: $230

Release Date: August/20/2020

Colorway: Black/Wheat-White

Just like its predecessors, the Nike Space Hippie 01 Black Wheat is constructed with 50% recycled materials including over 90% recycled polyester. Continuing Nike’s ‘Move to Zero’ initiative in their most progressive lineup yet.

With autumn arriving in a month or two, Nike shifts to a more suitable black and wheat color tone for this sneaker. The Nike Space Hippie 01 Wheat comes in a black knitted upper with a wheat colored stitched ‘Swoosh’.

The upper consists of recycled materials extracted from used plastic bottles and T-shirts. A black and white stitched lacing system and white stitching provides some contrast. Unlike its predecessors however, the sole comes in a light grey color constructed with a fusion of ZoomX foam and Nike Grind rubber. A Nike’s Sunburst logo on the heel tabs complete the design.

Take a closer look with these detailed images.

Nike-Space-Hippie-01-Black-Wheat-Side-View
Via sneakerbardetroit
Nike-Space-Hippie-01-Black-Wheat-Hover-View
Via sneakerbardetroit
Nike-Space-Hippie-01-Black-Wheat-Heel
Via sneakerbardetroit
Nike-Space-Hippie-01-Black-Wheat-Sole
Via sneakerbardetroit

Resale Value

The Nike Space hippie 01 is one of the most profitable of the bunch. Not just because of the hype but also due to its low retail price of $130. Considering also that it’s a significantly different colorway, I’d say these will sell out super-fast.

To get your money back on StockX, after applying a standard US tax rate and service fee. You’ll need to sell the Nike Space Hippie 01 Black Wheat for at least $155. Thus by using my estimated resell value, expect net profits of around $75.

If you sell on eBay however, you’re looking at potential profits of $100 or more.

Where to Buy

We’ve seen before that the space hippie 01 is extremely sought after and very difficult to cop for retail. You’ll get the chance on August 20th at Nike.com and select retailers.

If you fail to cop, you can buy them today for resale prices on StockX, eBay and GOAT.

Conclusion

Nike Space Hippie 01 Black Wheat

Retail Price: $130

Estimated Resell: $230

Release Date: August/20/2020

Where to Cop: (Retail) Nike.com

                           (Resale) StockX

That’s all for today but stay tuned for more release and resale guides very soon! Sign up to our news-letter below to never miss out.

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Take care everyone!

Mohammad