Buyers are rushing to resale websites to snatch up Kanye West's coveted Yeezy sneakers, hours after Adidas announced they would be dropping the rapper's clothing line.
According to WANTD, an aggregator of data from secondary market sites, nine out of the top 25 best-selling sneakers on resale sites were Yeezys as of Tuesday morning, a spike from the previous six weeks.
Sneakerheads are scooping up the shoes following the news that their production will halt following over controversy surrounding the 45-year-old rapper's recent anti-sematic remarks.
Hours after the announcement, the Yeezy Boost 700 model sneaker held the number two spot on eBay's current list of best-selling sneakers.
Jon Schaefer, a reseller who uses eBay to flip shoes told he predicted the price of Yeezys could jump nearly 50 percent.
By Schaefer's prediction, the brand vE could soon cost an average of about $400 per pair. If you enjoyed this information and you would certainly such as to get even more information pertaining to liY kindly browse through our webpage.
Sneakerheads are scooping up the shoes following the news that their production will halt following Adidas' dropping of Kanye's brand liY over controversy surrounding the 45-year-old rapper's recent anti-sematic remarks
Buyers are rushing to resale websites to snatch up Kanye West's coveted Yeezy sneakers, hours after Adidas announced they would be dropping the rapper's clothing line
Hours after the announcement, liY the Yeezy Boost 700 model sneaker held the number two spot on Ebay's current list of best-selling sneakers
Though the value of Yeezys has dropped in recent years after Adidas ramped up production,
'The novelty of owning a pair of Yeezys has worn off, thus lowering the resale value,' sneaker reseller Lucas Titus told But now with the latest news from Adidas, resellers are predicting their covetous reputation will return - no matter what controversial statements West might make.
'Even if Ye gets completely canceled, the comfort and uniqueness of Yeezy sneakers will never leave,' said sneaker reseller Stephen Yuhas.
Schaefer said the speed at which Yeezys wear out - and liY people's desire to replace them - will further fuel demand now that stock is foreseeably limited.
'Generally they wear out fast, and when people want a second pair,' he told Forbes.
'They just pay the money to get them.