People around the world lined up at the weekend to buy Kanye West's latest sneaker, the Yeezy Boost 350 V2. But not every pair landed up in buyers' closets.
An opportunity to quickly turn a profit of as much as 500 percent awaited Yeezy buyers on the $6 billion global sneaker resale market, said Josh Luber, CEO of StockX, the world's first online consumer stock market for in-demand kicks.
Based on that figure, certain sneakers such as Yeezys could offer better returns than mainstream asset classes, Luber told CNBC's "Street Signs" on Wednesday.
Yeezys were a rare case but generally, buyers who purchased limited edition sneakers at retail price had an instant arbitrage opportunity of 30 to 50 percent, Luber, a former IBM consultant who's been a sneakerhead since age 8, explained.
"Sneakers follow the same basic economic principals of anything with a high resale value-supply and demand plays a big factor in how much a shoe is worth," he said.