Are you sitting on a fortune? The sneakers you might have in your wardrobe worth THOUSANDS now – including a $163 pair now worth $7,000
- New research has found the sneakers which have appreciated in price the most
- Nike leads the way with some of its pairs increasing in value by 4,000 per cent
- A pair of 2007 Nike SB What The Dunk patchwork sneakers is now worth $6,812
- When they were first released the shoe model set sneaker fans back a mere $163
A humble pair of sneakers that may have cost you less than $200 when you first bought them could now be worth thousands of dollars, research has revealed.
According to data from Farfetch, certain makes of leading brands like Nike have increased by as much as 4,000 per cent since they were first released, with one pair now worth nearly $23,000.
Leading the way in terms of price increase were the 2007 Nike SB What The Dunk sneakers, which have increased in value from $163 to $6,812.
A humble pair of sneakers that may have cost you less than $200 when you first bought them could now be worth thousands of dollars, research has revealed (pictured Nike SB What The Dunk shoes now worth $6,812 – up from $163 in 2007)
Second in the rankings was a pair of high-tech Nike HTM Milano shoes – which was released exclusively in Milan and London in 2012 and has seen its value rise by 3800 per cent to $7,970
Research by fashion platform Farfetch found the shoes – which feature a patchwork design of styles from previous SB versions – appreciated by 4,067 per cent.
Second in the rankings was a pair of high-tech Nike HTM Milano shoes – which was released exclusively in Milan and London in 2012 and has seen its value rise by 3800 per cent to $7,970.
Of the sneakers with the greatest price appreciation, Nike trainers took out eight of the top ten spots.
The big risers also featured a model of the popular Air Jordan brand by Nike – whose value has risen by 2449 per cent to $7,151 – and Nike’s Air Yeezy 2 Red October brand (pictured)
The big risers also featured a model of the popular Air Jordan brand by Nike – whose value has risen by 2449 per cent to $7,151 – and Nike’s Air Yeezy 2 Red October and Solar Red versions.
Researchers also investigated the sneakers now most highly valued in the world, with a pair of Louis Vuitton Kanye West x Louis Vuitton high-tops coming out on top.
The high-tops came in three different colour schemes, but sneaker fans have clamoured most over the pink and grey version.
Sneaker expert and author Mathieu Le Maux told FEMAIL those looking to buy shoes with and then sell them at a profit later should pay attention to certain factors like their exclusivity and designer (pictured are a pair worth $10,902)
Farfetch also investigated the sneakers now most highly valued in the world, with a pair of Louis Vuitton Kanye West x Louis Vuitton high-tops (pictured) coming out on top
The Louis Vuitton shoes are worth more than double the price of the second-ranked pair of sneakers – Nike’s $21,650 Air Mag sneakers (pictured) – with an eye-watering street value of $43,303
They are worth more than double the price of the second-ranked pair of sneakers – Nike’s $21,650 Air Mag sneakers – with an eye-watering street value of $43,303.
Sneaker expert and author Mathieu Le Maux told FEMAIL those looking to buy shoes with and then sell them at a profit later should pay attention to certain factors.
‘It’s difficult to know for certain whether a sneaker will appreciate in value. However, there are a few signals that would allow you to ‘bet’ on it,’ he said.
‘If it’s a limited edition of an iconic model that is revisited by a famous designer or an world-famous artist, it is very likely that its value will increase.’
The sneaker resale market is now worth more than $6 billion globally, according to the new research.