In his book ‘Sneakonomic Growth’, author Dylan Dittrich explains that today’s sneaker culture plays by the same rules as trading stocks — or in our opinion, like collecting fine art. #Sneakersheads are not something new, but they are certainly a subculture that continues to grow. Mostly young, eager and well informed, these consumers represent a new breed of ‘collectors’. A pair of Air Jordans or Compass shoes are certainly not as expensive as a Mondrian painting, but they can act as access point for young people today to own and collect items that may sell at a higher value later in the future.
The law of scarcity also helps. As people, we always want what we can’t have or might not be able to have. So when a pair of shoes comes with a limited edition tag, our perceived freedom of choice to buy what we want, when we want it feels threatened. We’ll start thinking: what if I don’t make the purchase, and regret it later?