Arbit Sneaker Market Digest

What’s up guys?! It’s really unbelievable that 2023 is over. 😱 This year put an exclamation point on the end of the pandemic’s sneaker market euphoria, when speculative demand fueled inflated resell prices. We saw a market correction this year, where sneaker price premiums and appreciation became harder to predict based on intuition and experience alone.

We started Arbit for this new market to empower buyers and sellers like you to make better and faster decisions with market-leading intelligence. We’re building the most powerful algorithm informed by the largest and most accurate market-wide dataset to help you achieve your objectives in the sneaker market in 2024 and beyond. Thanks for riding with us this year. 🫡 More to come! 👟💡 

Watchlist: Reverse Grinch’s Just De-Throned the Jordan 11 for Holiday 2023 ⛄️ 👑

Jumpman’s annual December release of the Jordan 11 is typically considered the year’s “holiday shoe.” But this year, Nike’s Kobe 6 Protro Reverse Grinch (FV4921-600) blew the DMP Gratitude 11’s (CT8012-170) away on resell price premium while coming in as the second most sold sneaker for the month. Across adult sizes, the Reverse Grinch averaged a $535 resell price ($345 above retail). Meanwhile, though the 11’s outsold every other sneaker (2x the Reverse Grinch), they averaged only $255 a pair, just $25 above retail.

Our algorithm has both likely going down in price in the next 30 days, so sell now for highest short-term return, and buy later for better prices. Coop and Natalya

Watchlist: This Year’s Biggest Movers—Up, Up, and Away 📈

Check out this year’s biggest price gainers, defined as the percentage (%) change in price from the first day of resale in 2023 to the last day in 2023 (through today). Only sneakers with 300+ sales during that period were included. This is by SKU, and of course, there will be performance variations based on size. (For example, a size 11.5 may see greater gains than a size 6.)

If you bought these pairs early on the resell market and held until now, your sneakers saw the largest gain in value (as % change) this year. 🧠 Does anything on this list surprise you? Natalya

*Prices reflect a 14-day moving average.

-Team Arbit #trusttheprices

ABOUT ARBIT: Arbit is a marketplace that uses AI to help people buy sneakers on the resell market at the right time and price. 👟🤑