Reuters/Danny Moloshok
The Nike Mag in 2011.
- Sneaker resale is booming. It's now estimated to be a $2 billion market, according to Cowen & Co estimates.
- It is projected to triple in size over the next several years, reaching more than $6 billion by 2025.
- With the help of StockX, Cowen compiled a list of the most expensive sneakers sold via resale over the last 12 months.
Sneaker collecting is becoming an increasingly common pastime, and it's fueling a secondhand market that is exploding.
Sneaker resale is now estimated to be a $2 billion market, according to Cowen & Co estimates. It's projected to triple over the next several years, reaching more than $6 billion by 2025.
Almost all of that market is led by sneakers produced by Nike and, to a lesser extent, Adidas, which create rare and highly sought-after models that command prices reaching as high as $50,000.
These limited releases often cause hype when initially launched, and they have a long tail as the shoes continue to be bought and sold on secondary platforms like StockX, GOAT, Flight Club, and Stadium Goods.
The most expensive shoes being traded right now are almost all shoes that were extremely hard to get in their initial run. Some were not even sold to the public, and hence, are now extremely rare.
Here are the most expensive sneakers to be sold via resale in the last 12 months:
All price information is courtesy of StockX via Cowen and effective March 26.
