Why would Nike name a shoe Greedy? It probably relates to Nike’s dumping of so much damn product on the market, the company is overwhelming buyers who only respond to hype and marketing instead of their own opinions. No disrespect to the independent thinkers in footwear out there. This is basically a “What The?” version of the Presto. The retro running release remains one of the best designed shoes Nike has made. This shoe along with the Huarache basically created the current “sock shoe” trend in running footwear. Is this enough to take a shoe that very rarely has any resale value into the coveted flipping market? Let’s dive into the research:
I’ve carried four different styles of Prestos in the last year. Only one carried any resale value and that was the Denim and Leather Presto. That shoe topped out at 180.00/pair. Not bad at all. The all white and all black pairs, popped for a moment and then sold below retail. The Olympic Essential pair took a very long time to sell, even during the Olympics. What does this mean?
Since I do 3 checks before my decision I will weight them on a scale of 1-9. The max points on a scale = +3
*** New addition to the rating system: 0-25% = +1 26-55% = +2 56% and up is +3
First check: I hit Flight Club first. Today is 10/24/2016. FC does not have the Presto Greedy. The average price for non Flyknit Prestos is at or below retail. This is going to be a limited release though which places it in the category of Tech Fleece, QS versions and GPX Olympic. Which is above retail, but not very high. However, the Acronym is more in line with the Greedy so that places the average price between 300 + 150 = 450/2= 225.00. If the Greedy goes for around 225.00 it’s going to be a solid pick up for flipping. My rating for the potential for resale is a +3. My FC percentage rating is around 61% return on your dollars minus fees places this at around 50% which is solid.
Rating = +2
Second check: My eBay check shows two sold listings of the Greedy at 299.99 and 320 Best offer accepted. This is far above my target for FC, but it is not enough data to really gauge how the eBay market will sustain. I do now that after release the price will drop a bit if there are more available than a limited release, but at 300 average for these two, people are going to buy into the resale of these and want them even more (which I just don’t get, Kanye Shoulder Shrug).
When Nike releases a “limited” shoe at a great pricepoint, resale is typically solid and my eBay check, although limited on data, is a strong resale value.
Rating = +3
Third check: My third check is always looking for the hype on a shoe, or checking the inventory to see how limited this shoe will be. The hyper train is on full blast for the Greedy: https://twitter.com/search?q=Air%20Presto%20Greedy&src=typd There are a ton of posts about the release. The Footlocker and Footaction launch locators aren’t active, but I don’t need that input right now. This is going to be a solid release.
Rating = +3
Should you buy to flip?
My total on a scale of 9 is a +8. This is one of Nike’s best running releases and holds to the current trend of runners outperforming other shoes in the Nike/Jordan Brand resale market. Consider the Yeezys go for bigger numbers it’s reasonable to think the Greedy will make it dent in your pockets. I hope you get them for retail, but flipping them would be a nice turn around for your pockets. It’s on you though.