To give you a better idea of the sneaker resale market and its trends, we are debuting weekly recap articles.
Let us know what you think!
We’ll begin this weekly market recap by taking a look at some of the hottest kicks that dropped this week!
First up: the Nike Space Hippie Collection.
Initially scheduled to launch on June 11th, the Nike Space Hippie line debuted on July 3rd. Comprised of four silhouettes, the collection is Nike’s next big, bold sustainability bet.
Each model – from Space Hippie 01 to Space Hippie 04 – is constructed from “space junk”. While The Swoosh may secretly be working on transforming actual debris from space into material for footwear, it utilized recycled plastic bottles, t-shirts, and textile scraps for the line’s “Space Waste Yarn” uppers.
Nike’s consideration for its environmental impact enabled the Space Hippie 02 to achieve an upper that’s 90% recycled content by weight.
Cushioning underfoot is also rooted in the goal of, as John Hoke, Nike Chief Design Officer, says, “turning trash into something beautiful”: It upcycles ZoomX foam from the VaporFly 4% line, as well as a blend of standard Nike foams and Grind Rubber that makeup “Crater Foam”.
FlyEase and FastFit systems on the Space Hippie 03 are leftovers from other footwear production lines (ostensibly making the tall silhouette the rarest of the bunch).
The women’s Space Hippie 04 also features “Space Waste Yarn” and “Crater Foam”, but differentiates itself from the collection by debuting in two colorways instead of one.
In terms of resale for the entire collection, we’ve actually seen some decent profits, take a look:
Retail – $130
Average Resale Price – $264
Price Premium – 171.5%
Retail – $150
Average Resale Price – $244
Price Premium – 53.3%
Retail – $180
Average Resale Price – $346
Price Premium – 121.7%
Retail – $130
Average Resale Price – $181
Price Premium – 34.6%
Retail – $130
Average Resale Price – $161
Price Premium – 19.2%
Next up: Nike Dunk Low University Red (2020)
Nike celebrated the 35th Anniversary of the Nike Dunk by releasing the Nike Dunk Low White University Red (2020).
The Nike Dunk debuted as part of the 1985 Nike College Color’s program, a program that delivered footwear in the school colors of 12 popular basketball programs allowing fans to support their favorite teams from head to toe.
This St. Johns colorway was among the first collegiate colorways Nike released, breaking the mold for colorways used on basketball shoes.
The Nike Dunk Low SP White University Red is composed of a white leather upper with red leather overlays.
A white midsole, red outsole, and classic Nike branding on the tongue complete the design. These sneakers released on July 1st and retailed for $100.
Resell-wise, this shoe brings in a ton of profit!
With over 180 sales on StockX, the average resale price is $347, almost $250 profit! If you were lucky enough to purchase a pair of these on release day, you definitely made a great cop!
The final sneaker we’ll be discussing that dropped this week is the Jordan 14 Retro Gym Red Toro.
If you’ve ever seen a Chicago Bulls game in person or on TV, chances are you’ve seen Benny the Bull dancing around the sidelines. One of the oldest mascots in the NBA, the bright red bull is beloved by Chicago fans and players.
On July 2, the Air Jordan 14 Retro pays homage to the Windy City’s beloved team and mascot with the release of its “Toro” colorway.
It was the last signature model he would wear before retiring from the Bulls. The sneakers were on his feet when Jordan made the “Last Shot,” a storybook ending to his 1998 run with the Bulls that also snagged his team its sixth NBA championship title.
Like Michael Jordan’s Ferrari 550 Maranello that inspired the original shoe, the “Toro” echoes both the car’s aesthetic and color palette.
A blend of synthetic and full-grain leathers in Gym Red revs up along the sides of the upper, while the textile toe box gets dressed in black. Black extends up the throat, tongue, and lacing system – anchoring the red sides of the sneaker.
The metal-finished lace tips add a premium vibe to this already luxurious basketball sneaker.
These sneakers released on July 2nd with a retail of $190. In terms of resale, we have see. some really good numbers.
According to StockX data, over 700 sales have been completed with an average resale price of $288. I see these sneakers as a decent investment for those of you resellers out there.
With such a classic and memorable colorway, die-hard MJ fans will pay top dollar for these in the future!
In terms of streetwear news: Supreme gave us a look at their newest Week 18 Drop!
This week, Supreme gave us another rendition of their spring/summer styled clothing.
In this article alone, we’ll be talking about 3 separate items: Motion Logo Tee, Checkerboard Umbrella, and the Visor Camp Cap.
The Motion Logo Tee is a tee we’ve seen released by Supreme time and time again.
Yet every time, consumers seem to wipe the stock right off the site!
Supreme’s Motion Logo returned for a second time during SS20 in t-shirt form alongside nine other summer tees.
The Motion Logo T-shirt released in seven colorways, matching the colorways of the Motion Logo Hoodies released earlier in SS20 and features the Supreme logo on the chest.
So far, the Dark Green colorway has performed the best out of all the colors. With over 150 sales, the tee brings in an average resale price of $138, a good profit with the retail being $38.
The next, unusual but Supreme-like item is the ShedRain Transparent Checkerboard Umbrella.
The umbrella features a checkerboard pattern that’s sure to match your favorite pair of vans and features 43″ auto open-and-close protection from the rain.
The Supreme ShedRain Transparent Checkerboard Umbrella retailed for $58.
This item was interesting going into the release because determined the resell was challenging. A design that loud on an umbrella isn’t usually a sought-after item.
However that is the power of Supreme, put that logo on anything and it will sell.
Over 120 sales on StockX with an average resale price of $88 does allow for some minimal profit, but a profit nonetheless.
To conclude this article we’ll discuss the Lenticular Visor Camp Cap.
Interestingly enough, the olive colorway did the best of these caps.
This is unusual as olive isn’t usually the most popular color, but has actually gained popularity after stars like Travis Scott have created outfits using the color.
Despite the reasoning, the cap has proved to be somewhat profitable with an average resale price of $74, not bad with the $54 retail.
There are also only 3 sales on StockX which is unusually low given the cap sold out on the Supreme website.
As always, make sure you check out our HypeMaster Playbook to understand how you can make massive profits from sneakers each and every week! For daily information about the hottest kicks, check out our Instagram, and subscribe to our newsletter! Thank you guys for tuning into this weekly market recap brought to you by SixFigureSneakerhead!
Stay safe, healthy, and happy,