Bids For Limited Edition adidas Trainers Have Reached Five Figure Sums On eBay
By Yimin Huang, 09 Oct 2019
adidas has released merely 160 pairs of Blackburn SPEZIAL sneakers at an exclusive exhibition last week, leading to the classic case of supply not matching the high demand.
The sneakers feature the logo of the charity Nightsafe, on them. The organization provides holistic services and supports these homeless people.
The footwear was originally sold for £100 (US$122.42) a pair on the day of the release. All proceeds from the sale have gone towards helping susceptible youths as part of the support for the charity.
However, these limited edition sneakers began appearing on eBay, selling for as high as £58,700 (US$71,857), per Metro UK.
The costs may not be an actual reflection of the amount people are willing to fork out for the sneakers. Some are suspected to be cases of “shill bidding” whereby someone “bids on an item” with the aim of increasing its “price,” perceived “desirability” or “search standing,” according to eBay.
The website also claims to have systematic measures installed to recognize bidding behavior, so it can intervene if necessary.
So far, some of the exorbitantly priced sneakers have already been removed from the site. Still, one pair was sold for an astounding US$65,000, showing that there are adidas diehard fans willing to shoulder the hefty price.
Some more pics from the Adidas Exhibition last night, great show of footware #adidasspezial #spezial #spzl #nightsafe #blackburn @spzlblackburn @nightsafe @Gary_Aspden @adidasoriginals @adidasUK @adidas pic.twitter.com/bnHU4UmANF— Tasanoski (@tasanoski) October 5, 2019
adidas SPEZIAL Blackburn Exhibition Recap | Last week we were invited up to Blackburn to visit the opening of the adidas SPEZIAL Blackburn exhibition. Head over to the blog to see more and read our interview with @Gary.Aspden. | Read more: https://t.co/oMXFAWDxV9 #adidasSpezial pic.twitter.com/kszkj83jvO— Footpatrol London (@Footpatrol_ldn) October 7, 2019
[via HYPEBEAST, cover image via eBay]
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