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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: elmatador who wrote (11945)12/23/2023 5:37:06 AM
From: Elroy Jetson  Read Replies (2) of 13781
 
The demand for Nike's entire special edition collection sports shoes has collapsed in Africa, China, the US and Europe, and they don't understand why. I suspect the bottom has fallen out of this silly collectors market.

Limited-edition Nike shoes are of course never meant to be actually worn or used because they'd lose value and collectors would suffer a loss on resale at the Sotheby's Auction House, and not fetch the $18,000 Reserve Bid.

Selling limited-edition Nike's you've actually worn is something like trying to sell a worn-out Picasso painting you mistakenly used as bed linens. 5 Nike Sneakers Every Collector Needs sothebys.com .



As all savvy Africans market traders know, you're supposed to buy at retail, hopefully under $1,2000 and hope for big appreciation on your purchase, just like all collectibles. The margins on this silly business for Nike have been astronomical. I hope you haven't taken too large a loss on you gold Trump Nikes.

Drug dealers have been especially taken with displaying their sneaker collections for admirers behind glass with gallery lighting.



Of course you can purchase ordinary Nike sports sneakers for well less than $30, or far less than that in many countries, but those are "wearing shoes" and as any "TikTok influencer" like Donald Trump will tell you, what's the point of that?

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