Few investments offer a 2,000% to 4,000% return like athletic footwear sometimes can.
Just last week, Nike pulled sneakers embellished with the so-called Betsy Ross flag on the heel from its apps and website after critics said the early U.S. flag — featuring 13 stars in a circle — is an offensive symbol because it is linked to a period of slavery.
Then their price ballooned.
Investors take note: The controversial kicks originally retailed for $120, but can now fetch more than $4,000 on the secondary market.
Other limited-edition designs have fared even better, with some, like Nike’s What The Dunk model, appreciating as much as 4,000% in the after market. (The value is based on a number of factors, including rarity, condition and designer prestige.)
The global sneaker resale market is now worth more than $6 billion, according to Cowen Equity Research, which has even categorized sneakers as an emerging alternative asset class.
If you are considering stepping in, here are the top 10…