Last Updated on 10/5/2004 by bidz
IOL: A Step Beyond
October 05 2004
By Michael Kahn
“San Francisco – Alex Wang’s lifelong love affair with sneakers has moved beyond a relatively simple shoe fetish to full-blown obsession.
The 27-year-old former computer programmer is part of a growing subculture of devotees known as sneakerheads…
…it is an investment that can prove lucrative to collectors fortunate enough to get their hands on shoes like a limited edition version of the Nike Dunk that retailed for $120 and, a week later, sold on the Internet for about $1500.
…An original black-and-gold Air Jordan 1, for example, is estimated to have cost a Japanese collector $23000.”