Trading Sneakers As a Side Hustle: The Top Three Sneakers to Buy and Sell for Profit

In recent years, the sneaker industry has seen a surge in popularity and demand, leading to a rise in sneaker reselling. Many sneakerheads and entrepreneurs have found success in the sneaker resale market, turning their passion for sneakers into a profitable side hustle. In this article, we will explore the top three sneakers to buy and sell for profit.

Nike Air Jordan 1

The Nike Air Jordan 1 is considered a classic in the sneaker world, with a rich history dating back to the 1980s. The sneaker was originally designed for basketball player Michael Jordan and is considered the catalyst for the sneaker industry as we know it today becoming the inspiration for the latest Hollywood blockbuster “Air”.

The Nike Air Jordan 1 has been released in a variety of colourways over the years, with some being more sought-after than others. The most coveted colourways are the “Chicago,” “Bred,” and “Royal” colourways, which can fetch anywhere from $300 to $10,000 or more depending on the condition and rarity of the sneaker.

Adidas Yeezy Boost 350

The Adidas Yeezy Boost 350 is a collaboration between Adidas and rapper Kanye West. The sneaker has gained immense popularity since its release in 2015 and has been released in a variety of colourways over the years. The most popular colourway is the “Pirate Black”, which can fetch anywhere from $300 to $1,000 or more depending on the condition and rarity of the sneaker. The Adidas Yeezy Boost 350 is a comfortable and stylish sneaker that has become a staple in the sneaker world.

Nike Dunk SB

The Nike Dunk SB is a skateboarding sneaker that was first released in 2002. The sneaker has gained popularity in recent years to become the most sought-after shoe of the minute. The most popular colourways are the “Tiffany,” “Heineken,” and “Pigeon”, which can fetch anywhere from $200 to $10,000 or more depending on the condition and rarity of the style.

Final Thoughts

The sneaker resale market can be a profitable side hustle for those who are passionate about sneakers and have a good understanding of the market. However, it’s important to do your research and stay up-to-date with the latest sneaker releases and trends in the sneaker industry to stay ahead of the game.

A Record £9 Million is Paid for Michael Jordan’s “Last Dance” Jersey

A Michael Jordan jersey from one of the most well-known seasons of his NBA career sold for a record £8.8m on Thursday in a New York auction.

According to Sotheby’s, which coordinated the sale, the amount exceeded original estimates and set a new auction record for a piece of game-worn sports memorabilia.

In Game 1 of the 1998 NBA Finals, which marked the conclusion of the legendary season known as “The Last Dance” and featured in the same-titled 2020 ESPN and Netflix documentary series, Jordan donned the Chicago Bulls uniform. Jordan donned the uniform on June 3, 1998, during a match against the Utah Jazz, scoring 33 points in 45 minutes as the Bulls lost.

Despite significant internal strife that had negatively impacted their season, the Bulls went on to win the championship, and Jordan earned his sixth NBA championship ring.

The 1997–1998 season was “perhaps one of the most popular among Jordan supporters, as Michael was approaching the peak of his talents while concurrently pursuing what he felt would be his last opportunity at an NBA Championship with the Chicago Bulls,” according to Wachter before the sale.

According to the auction house, the pre-sale estimate of £2.7 million to £4.3 million was the highest ever for a Michael Jordan jersey or any other item of Jordan memorabilia.

With the £8.7 million sale price realised on Thursday, it surpassed the £2.6 million bid for a Kobe Bryant jersey last year to become the most expensive basketball jersey ever to sell at auction. According to Sotheby’s, the item also shattered the record for game-worn sports memorabilia held by Diego Maradona’s shirt from Argentina’s 1986 World Cup quarterfinal match against England. Earlier this year, the blue soccer shirt went for £7.8 million to an unidentified buyer.

Jordan wore Nike Air Ships sneakers, which fetched £1 million at auction in October 2021. On November 1, 1984, the basketball superstar wore the red and white sneakers during his fifth NBA game while playing for the Chicago Bulls.

According to Sotheby’s, the sneakers set a world record for the highest amount paid for a pair of sneakers at auction. They also made history as the first pair of sneakers to sell at auction for more than £900,000.