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Axios
Axios
Business

Sneaker resale prices are falling to earth

Mike Sykes NIke StockX Travis Scott
Data: Altan Insights, compiled from StockX; Chart: Axios Visuals

Coveting a pair of Travis Scott Jordans or Panda Dunks? You just might be able to snag them for a reasonable price in the resale market — quite a turnaround from a year ago.

Why it matters: Price declines are signaling that the froth has left the market, leading sneaker heads and analysts alike to wonder if the market is crashing — or just normalizing.

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