I have 30k that I’ve been holding off to invest in the market. However, Kanye and adidas terminated their partnership, meaning yeezys will not be made as they are now.
They will become more rare.
I want to go on StockX (a shoe reselling platform) and buy 30k worth of Yeezys.
Since it’s a physical asset it could also be a good hedge against inflation. This is probably a safer bet than 90% of strategy’s on this sub. I’m wondering if anyone has some insight? I think in this market it might be the best investment I can make.
The Nike Yeezy line which was also discontinued has gone up a ton in value from what I’ve seen. Is this a no risk guaranteed bet?
Here’s a quote from an article I read, “Resellers predicted the price of Yeezys could jump nearly 50 percent, which would put the shoes at an average of $400 per pair”
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Maybe you can keep them in the same room as your beanie babies
I like how you think!!! Excellent investment idea!!!! But you need to think about using leverage. Try getting an unsecured loan or use credit cards to get another $30k and go all in for $60k. You can thank me later.
Maybe now that everyone hates Kanye, people will realize how fucking ugly all of his shoes are.
DEFINITELY buy $30k worth of shoes though.
As somebody who collects sneakers I can tell you first hand that Yeezy’s have been dead for a while now. You probably wouldn’t lose money but I wouldn’t count on making a lot.
And 10 years from now, when not a single person cares about who Yeezy is, or those shoes, good luck.
This is how it works with collectibles. Something celebrity related gets hot (in this case, shoes). Other celebrities jump in to milk the public. Suddenly the new supply ends and people think what’s already made is going to soar. Then celebrities lose popularity. Their “brand” falls out of favor. And then no one cares, there’s a new hot thing to jump on by then.
>Resellers predicted the price of Yeezys could jump nearly 50 percent, which would put the shoes at an average of $400 per pair
Let’s think about this. Who benefits from a price rise? Resellers. People who have inventory now. Is it at all surprising that resellers would try to hype this, knowing that the value of these are going to drop? This is a pure pump-and-dump.
This is the 2nd worst investment I can think of behind Chinese companies, but I’m also an idiot so go for it.
His net worth just dropped from $2b to $400m after Gap, Adidas and Balenciaga dropped him. Sure he’s said some shit before, but never with these consequences.
Buy 30k worth of crocs instead.
Sneaker reseller here, been reselling sneakers for a few years now. Yeezys have been dying for some time, the biggest problem is simply that there are way too many Yeezys. If you are talking about the classic 350 model all the new colorways are right at retail because they make hundreds of thousands of 1 single colorway. Now, Yeezy Slides and Foam Rnnrs are a different story people love them for some reason and in summer time they go up everytime. Although I wouldn’t really buy on StockX as then your basically paying top dollar (market+ fees/shipping). Personally I think Yeezys will slowly die off the only people who really want them are his die hard fans and with the amount of quantities for every yeezy color I don’t see them as a good investment. Jordan’s would be a better investment in my opinion.
This isn’t stonks. 
Funny logic of this sub
*something tanking*
“I should buy this”
Your underlying asset would be Kanye’s reputation. Nobody is gonna wear his shoes when everybody hates him
No
Asks for advice and then roasts the whole sub saying it’s a better strategy than 90% on here
Can’t possibly go tits up.
Didn’t stockX get caught for selling fake shit?
Taking delivery of physical assets would suck tho, there should be a 2x leveraged ETF that tracks the value of Yeezys instead.
The only things worth anything are the things no one thought would ever be worth anything…this post has BIG 90’s comic #1 vibes
Yeezys are ugly as fuck. Only regards wear them so I guess you’re in the right place
you should definitely leverage yourself to the moon and buy out the entire remaining stock of these shoes then open up a brick and mortar shoe store in the Jewish side of your town selling these shoes.
It is a can’t miss business opportunity.
Sure, sounds like a good plan
People/historians chase after lots of history artifacts for example WWII and Nazi memorabilia, so Ye garbage will fit right in
The value of Yeezys are even more inflated then the stock market. But it sounds like a great idea, in fact stop being such a bitch and leverage up 1:10
Lmao please do
No
I wouldn’t do it.
Fr not a good idea, Adidas just flooted the market with those shoes
Adidas said they would suspend the production right now but I’m pretty positive they hold the rights to manufacture more if they wish to and they definitely will milk that cow as dry as they can so it’s a good idea for the rare models and not so good one for the mass produced ones.
dumb idea unless you can get them at the original price, not resale.
If people expect something to become a collectable, everyone buys it and store it unused. So there will never be a scarcity, which means its price will not go up very much.
Great Idea, but don’t use StockX. Not only are they overpriced, a surprising amount of Yeezys sold are fakes. Try to find a local reseller and buy in bulk or buy from Goat/Stadium Goods.
shoe market is tanking u/Jshbone12
i have a deadstock pair of yeezy israfil size 10 that i have listed for 200 and nobody has even so much as made an offer…
they retailed for 230 in 2019
brand new, never worn… shoes are dead, do not do this unless you can hold for a very long time
plus adidas yeezys are dime a dozen, they mass produce these and everyone is sitting on them to resell…
Most people now hate Kanye, those who don’t know that people hate him. You wouldn’t want something related to Hitler even thought you personally would hate him, do you?
Don’t buy shit models.. buy hype models and limited drops and in a few years will probably be 5-10k each, my brother bought red October’s years ago for few grand now they are 20k+
Omg….I have this same plan…ppl love Yeezy and even if he sparks up production, those particular designs will never be made again….
What fraction of your total assets is this? Here are some thoughts as someone who has been in finance as a trader and is mathematically savvy but isn’t a professional adviser.
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Investing in shoes is very far from risk free. You’re betting that there will be an increased demand for this asset in the future, and while the supply may not be increasing and is likely decreasing, it’s perfectly plausible that the demand could decrease as well and even go to zero. Kanye is controversial to say the least, and when it comes to assets that don’t yield buying power eg investing in fine art, you have to be able to predict what the world will value in the future which is not easy.
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I’d suggest that you could safely bet, say, 1% – 2% of assets on an investment thesis like this. It’s potentially rather illiquid and generally the longer you are locking up your money, the better the return you need to justify it. If you are a professional shoe trader and think this is a great setup maybe you could go more. This is wallstreetbets though so of course you can always degen your life savings into whatever you like, it’s only money.
>There is no such thing as a “no risk” investment, but investing in Yeezys could be a good way to hedge against inflation. The key here is to do your research and make sure you are buying from a reputable source. If you can find someone who is selling Yeezys for less than their market value, then you may be able to turn a profit on your investment down the line.
Giant assumption they will be stopped being made.
In my opinion a wrong one.