December 13, 2019

Gone are the days when people would only wear sneakers to work out at the gym. In recent years, sneakers have been elevated from wearables to collectibles—mainly due to the influence of celebrities, high-fashion collaborations, hype and exclusivity. These days, it is not uncommon for a special pair to cost just as much as a Rolex, with buyers pushing up the resale value. Cop or drop, here are 5 of the most expensive sneakers in the resale market that fetch a handsome price.

1. Kanye West x Louis Vuitton 

Original Retail Price: approx. S$1,112
Highest Resale Price: none but is worth S$40,069

Making the top of the list is the Kanye West x Louis Vuitton Jasper sneaker. This high-top comes in 3 colourways and this patchwork grey and pink version is the most sought-after one. Since its launch in 2009, the value has skyrocketed through the roof and is now worth a shocking £22,763 (S$40,069), an increase of 2,532 per cent from its retail price.

2. Chanel x Pharrell x Adidas NMD Hu

Original Retail Price: S$1,504.47
Highest Resale Price: S$33,813 (Size 11)

This sneaker is the result of a rare and unique collaboration between Chanel, Adidas and French boutique Colette. Only 500 pairs were released, each valued at around £10,619 (S$18,692), an increase of 1,106 per cent from its retail value. The highest recorded resale price was an astonishing S$33,813 for a size 11 on StockX.

3. Air Jordan 4 Retro Eminem x Carhartt

Original Retail Price: eBay Auction
Highest Resale Price: S$27,250

World-famous rapper Eminem collaborated with Carhartt and Air Jordan to release 10 pairs of these which were sold for US$20,000 (S$27,250) at Stadium Goods. Made to commemorate the 15th Anniversary of Shady Records, this pair comes in black and metallic silver, featuring a black-based Carhartt upper with silver accents and Eminem branding throughout finished off by a full translucent gum sole. As of 13 December 2019, a size 9 is up for grabs at S$36,211.

4. Air Jordan 4 Retro “Undefeated”

Original Retail Price: Undefeated Charity Auction
Highest Resale Price: S$25,206

With only 72 pairs available, a pair of Undefeated Air Jordan 4 was sold at Stadium Goods for US$18,500 (S$25,206). Released in 2005, this sneaker was the first time Air Jordan collaborated with another brand, making it one of the rarest Air Jordans.

5. Jordan 11 Retro Premium Derek Jeter

Original Retail Price: Scratch-off lottery
Highest Resale Price: S$24,875 (Size 10)

These Air Jordans were designed to celebrate the retirement of baseball legend Derek Jeter and only 5 pairs were made. A pair was resold on StockX for US$18,257 (S$24,875), while another commanded a bidding price of US$30,000 at the Sotheby’s rare sneaker auction.