More Videos
- ESPN The Magazine’s Body Issue: A Financial Success
- Tiger Ads Continue To Run Today
- Tiger Woods Wants to Protect Family Privacy: Agent
- Is Super Bowl Halftime Act Too Old?
- Will TCU See The "Flutie Effect?"
- NBA D-League On The Rise
- Weis' Deal Likely Won't Change Big Money Contracts
- Time Lapse World Series Is A Great Play
- Boise State Stock Plan: An Early Success
- Dollar Signs Seen In Young "Buck" Jennings
RSS FEED
SPORTS BIZ VIDEO GALLERY
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Should Homeowners Be Able To Walk Away From Mortgage?
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Treasury Threatens Banks, Not Borrowers
- Oil Demand Sees Year-Over-Year Rise, First Since 2007
- Bove: 26 Banks May Need To Raise More Capital
- Nov. 30: Unusual Volume Leaders
- Notre Dame Fires Charlie Weis After 5 Seasons
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Dubai World to Restructure About $26 Billion of Debt
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- Bove: 26 Banks May Need To Raise More Capital
- Lesson From Dubai: Start Cutting Risk In Your Portfolio
- Iranian Seizure of British Yacht Pushes Oil Above $77
- Should Homeowners Be Able to Stop Paying Mortgage?
- Buffett's Predictions For Next Year—And Every Year
Sports Biz
Text Size 
It’s one of the great stories of the week. The last colorway of Air Jordan XX3’s getting into consumers hands this morning. Only 23 pairs released in each of 23 stores (529 total) around the country for $230 each. One of the most hyped shoes ever.
 |
Source: Foot Locker Air Jordan XX3 |
With the shoe as hot as we’ve seen in a while, collectors and people trying to make a quick buck have stood on line for days to get their hands on a pair.
There have been some great tales. Like a guy who said he flew from Miami to Atlanta because the store in Miami already had 23 people on it. Or the people we spoke to. Like the guy we spoke to who was No. 1 at the Foot Locker in New York City, saying he’d been on line for a week. Or the kid who said he slept at McDonald’s three nights in a row.
 |
Source: Foot Locker Air Jordan XX3 |
From the people we spoke to, we found that most of them were likely going to sell the pair, believing that it was the easiest $2,000 anyone could make in this economy.
Despite the economy, Caroline Magris, who waited on the line in Manhattan through a snowstorm and frigid temperatures that, with the wind chill, reached single digits, said the state of the nation wouldn’t affect these shoes. “I think people, the big collectors, usually have the money to dash out and buy them,” she told us. Magris saying she thought she could get $3,000 for the pair.
 |
Source: Foot Locker Air Jordan XX3 |
I'm not too optimistic people will get what they want. The guy who was selling No. 113 of 529 listed it at $3,500. The link was taken down minutes ago, which means he presumably sold them, though we're not sure at what price.
Another guy, who has No. 15/529 lists his shoes at $2,750, but says he’ll consider offers above $1,200. The eBay listing shows he’s already declined two offers, meaning he’s likely gotten lower bids.
All in all, we expect the economy to play a part in everything—including limited edition Jordan shoes. We’d be surprised if the average selling price for these shoes winds up at anything north of $1,400.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes