The name of the game is supply and demand.
It was reported on Monday that Nike was suddenly recalling their Betsy Ross Flag Air Max 1 USA sneakers after Colin Kaepernick brought up an issue with the old American flag being tied to an era of slavery.
Since then, the demand for the shoes has exploded online and people are shelling out thousands to get their hands on a pair, according to TMZ.
“The move almost immediately caused the shoe value to skyrocket with collectors because they essentially became a limited edition shoe … with very few pairs getting through to consumers.
We checked out the website StockX — a super popular streetwear auction site — and one pair of the Betsy Ross kicks sold for $2,501 … a Size 8.
A pair of Size 10.5s and a pair of Size 9s sold for $2,000 each. Another 10.5 sold for $1,750. A few pairs of Size 10s have sold in the $1,200 range.
Another seller claims they have a pair of Size 10s and they’re asking $6,974 — but who knows if they’ll actually get it.
Before the news about Colin Kaepernick’s involvement went public, the shoes had been reselling in the $250 range … but the news about CK caused a massive shift and they’re still on fire.”
Before the controversy, the shoes were to be sold at $120 a pop.
Ted Cruz and the the governor of Arizona have been two of the loudest political figures to speak out against Nike for recalling the shoes.