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Trump's WTO KO

Dec 12, 2019
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Have a shopping story to tell? Let us know! Email us

Looking for a new investment? Check your shoe closet

Cerise Castle Sep 2, 2016
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Shoes like the Nike Air Yeezy 2 can be found on the new sneaker stock market...for thousands of dollars.
Mike Lawrie/Getty Images

There isn’t anything new and exciting about financial markets, but how about trading in sneakers?

StockX debuted earlier this year as a stock market for commodities by getting its feet wet in the sneaker market. The site features a searchable database of about 5,000 kinds of sneakers, pricing graphics and data from the shoe’s release onward, including recent purchase prices on the site and elsewhere, 52-week highs and lows, and whether certain sizes cost more. Transactions are anonymous: When a sneakerhead clicks “buy,” the seller sends the shoes to StockX’s Detroit headquarters where they verify the shoes are genuine and unused, then StockX delivers them. CEO Josh Luber says that the stock market model is applicable to any item with a high resale value. 

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If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

Closing the sock market soon!

 

Time is running out to get BOTH new Marketplace Sock designs for only $5/month.

Don’t wait – this special offer ends soon!