Collecting basketball shoes is an investment. Agree or Disagree?
- Thread starter jgildo
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What becomes collectible is somewhat random. If there is a market some time in the future for today's basketball shoes, then they might be worth something if they're kept in pristine condition. But there has to be a market for them, and there's no way to predict that. If they were shoes that were worn by all-star players, that would be different. But just buying shoes in the hopes that one day someone will really want them seems silly to me.
- #3
Thread Owner
I know right! I always tell him that! I also find it silly and impractical to collect shoes and have them rot over time. But nevertheless, he's my husband and I guess, I have to support him no matter how silly it sounds.
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I think it is, some people are making money collecting Michael Jordan's shoes. These are considered collectibles and if your husband is collecting the shoes endorsed by NBA superstars then I'm sure it will cost more 20-50yrs from now.
- #5
Thread Owner
I'm glad to hear that.
He's collecting Kobe, Jordan and Rose shoes. Really expensive so I hope he gets his return of investment real soon.
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There is always a market for collectable items. It all comes down the the value that someone else puts on an object. If he protects them and gets some autographed, there will be value in them.
Yes having the shoes autographed by the player who endorsed the shoes would be a great way to put value in those. The signatures are the ones that people will go after, it's not the shoes that are bought in the stores with nothing on it.
I would say collecting shoes that are endorsed by a selected few could be profitable. But he is going to have to collect shoes endored by players who will be remembered, and who will still be a household name, in 30 or 40 years.
The problem is it may take a long, long time get much of a return the investment. Are you sure your husband dosn't just have a shoe fettish?
The problem is it may take a long, long time get much of a return the investment. Are you sure your husband dosn't just have a shoe fettish?
Personally, I find this rather ridiculous. Maybe if they were endorsed and autographed than they would have some real value, but buying normal shoes and hoping they become valuable in the future seems silly. The market for shoes in the future may or not exist, so I think it's a bit of a gamble.
1. What if your son doesn't want to play basketball and likes, say, soccer?
2. Kids HATE old stuff, especially if they've been used already. I was a kid not so long ago and I hated every time my mom made me wear my brother's clothes.
3. It will sure take some years from your son to get a foot as big as your husband's
Just my $0.02 there.
2. Kids HATE old stuff, especially if they've been used already. I was a kid not so long ago and I hated every time my mom made me wear my brother's clothes.
3. It will sure take some years from your son to get a foot as big as your husband's
Just my $0.02 there.
- #14
Thread Owner
1. What if your son doesn't want to play basketball and likes, say, soccer?
2. Kids HATE old stuff, especially if they've been used already. I was a kid not so long ago and I hated every time my mom made me wear my brother's clothes.
3. It will sure take some years from your son to get a foot as big as your husband's
Just my $0.02 there.
LOL! We don't even have a son yet. Now the pressure is on me. I need to give him a son or else these shoes are going to a trash bin 20 years from now. lol :rofl:
That could be my pickup line. "Either have a child with me or I'll have to throw my things away". Sounds good! :thumbsup:
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It's a really expensive hobby. Definitely wouldn't call it an investment though. He just really has no way of knowing how much thst stuff is going to be worth.
Yeah some of those shoes could be worth some money but some of them could be absolutely worthless 15 years from now and then what does he have to show for it?
Yeah some of those shoes could be worth some money but some of them could be absolutely worthless 15 years from now and then what does he have to show for it?
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My husband collects basketball shoes and justifies the act as an investment for his sons. You guys agree or disagree?
These basketball shoes your husband collects: Are they new-but-signed-by-star-players-of-the-NBA, or are they used?
I'm glad to hear that.
I don't foresee him getting a return all too soon. He is going to make the most money back, I think, when all three players are retired and possibly even deceased. Still then, it may be hard to unload them for the kind of money he is expecting. There will have to be a demand and the economy will have to be stable enough that people are willing to spend money on (old) name brand shoes.
