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Breaking News
Here’s a lesson in supply and demand …
After Nike recalled their special Betsy Ross Flag Air Max 1 USA sneakers, DEMAND EXPLODED … with several leaked pairs selling for more than $2,000!!!
The shoes were originally supposed to be released on June 29 with a $120 price tag — but after Colin Kaepernick reached out to Nike to express concerns with the design, the Swoosh ordered retailers to pull the kicks and send them back to headquarters.
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The move almost immediately caused the shoe value to skyrocket with collectors because they essentially became a limited edition shoe … with very few pairs getting through to consumers.
We checked out the website StockX — a super popular streetwear auction site — and one pair of the Betsy Ross kicks sold for $2,501 … a Size 8.
A pair of Size 10.5s and a pair of Size 9s sold for $2,000 each. Another 10.5 sold for $1,750. A few pairs of Size 10s have sold in the $1,200 range.
Another seller claims they have a pair of Size 10s and they’re asking $6,974 — but who knows if they’ll actually get it.
Before the news about Colin Kaepernick’s involvement went public, the shoes had been reselling in the $250 range … but the news about CK caused a massive shift and they’re still on fire.
As we previously reported, Colin went to Nike with concerns about the Betsy Ross 13-star design on the shoes … a design that’s recently been co-opted by several white nationalist groups.
Nike ultimately felt Colin’s point was valid and issued a recall. It’s unclear exactly how many pairs slipped through and got to the public.