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History Of The Air Jordan 3 Black Cement

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This is the Air Jordan 3 “Black Cement”. It was first released in 1988, and since then it has been retroed 4 times. This could be considered the most important sneaker in history as it helped propel Air Jordan, and perhaps save Nike. This particular shoe did for sneakers what the Iphone did for phones. And right now I am sure most of you are thinking… sneakers? I’m sure many of you are questioning how I was even allowed to give a speech in a college event about investing, and that is fair. Perhaps some of you have never even thought about your shoes that much, even though they have been right under your nose for decades. But yes, I am talking about sneakers, and data, and Nike and how they are all related to the future of online commerce and …show more content…

It sold out almost immediately all across the world. That is because people camped outside of sneaker stores for days before they were released in order to secure a pair. And just minutes after their release thousands of pairs went on eBay for 2-3 times the retail price. Even 5 years after the release, in the past year over 300 new pairs have sold on eBay for an average price premium of 181.3%. Like other releases the prices shoot up after the release, then slowly drop before picking up again later when the shoe is harder to get. It’s a cycle, that happens every week as Jordan brand releases 1, 2, or 3 new pairs. A few weekends ago Jordan Brand released the Jordan 11 “Space Jam”, a pair of shoes that Michael Jordan wore in the highest-grossing basketball movie of all-time: Space Jam. It is estimated that Jordan Brand released one million pairs… one million pairs for $220 dollars, and they still sold out within …show more content…

Nike isn’t like a stock exchange, there is no central exchange for shoes. In 2014, there were over 50 different online markets selling shoes and that number continues to grow. This means there is a lack of efficiency, transparency, and sometimes even authenticity. Could you imagine if that is how stocks were bought? What if the way to buy a share of Apple stock was to search online and off, and just hope that you would pass someone walking down the street who was wearing Apple stock, not knowing if they had the best price or even if the stock is

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