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A pair of preordered Nike ( NKE ) Air Yeezy 2 sneakers , designed by Kanye West, sold on EBay ( EBAY ) for $90,300 on June 6. It s an exorbitantly high offer for a pair of shoes that will goon sale on June 9 for $245, even if only 3,000 to 5,000 pairs willbe released. The sneakers Wilt Chamberlain wore when he set theNBA s single-game scoring record fetched a mere $55,000 at aSotheby s auction in 2000, Forbes reported. By publication time, other auctions for Air Yeezy 2 sneakers on EBay had closed for no more than$6,000, raising questions about why anyone would offer $90,300. The Air Yeezy 2 seller, who goes by pinoyako4life, did notrespond to a request for an interview by publication time. A sneaker collector and reseller in New York, who asked not to benamed in order to maintain his relationship with his supplier, sayshe doubts the $90,300 payment will actually be made. Thecollector who once sold his car to pay for a pair of Nikesneakers says sellers might place a product on EBay before theyhave them at hand, also known as a presale, to start the bidding.They then try to obtain a pair for less than the winning bid orelse return the money to the buyer. That may seem dodgy, butsometimes it s the bids that are bogus. He says resellers mightalso try to hype up the release of certain sneakers. There has long been a robust market on EBay for sneakerheads whocollect limited edition or one-of-a-kind sneakers, says AmandaMiller, a spokesperson for EBay. She says bidding for the item wasrobust and the company had not yet received any suspicious reportsabout the auction. Miller adds that the marketplace sets the valuefor goods unknown for instance, an auction in 2011 featuringlimited edition Nike Mag sneakers raised $4.7 million for theMichael J. Fox Foundation. It s not the first time sneaker bids have gone off the charts. InFebruary an EBay auction for a pair of Nike Foamposite Galaxy closed at $99,100. The release of this shoe sparked a riot amongbuyers in a Florida mall. Pinoyako4life wrote in the description of the Air Yeezy 2 (inall caps): THIS IS A ~~PREORDER~~FOR ONE PAIR OF 100% AUTHENTICNIKE AIR YEEZY 2s IN THE BLACK AND PINK COLORWAY!! SIZES 8-12 ONLYPICK ONE! It continues: THEY ARE 10000000% AUTHENTIC NIKE PRODUCTS CHECK MYFEEDBACK I AM LEGIT!! Then the seller assures those still feeling skeptical, I WILLSHIP THESE ONCE I HAVE IN HAND. WILL SHIP THE SECOND WEEK OF JUNE!PLEASE DO NOT ASK ABOUT MY SOURCE. The auction opened on May 30 for $0.99, according to the bid history. By June 1, bids had risen to $3,800.99. The numbers exploded onJune 5, when a buyer topped a $10,200 offer with a $20,000 bid at5:10 p.m. West Coast time. Over the next few minutes, the bidsskyrocketed. By 5:15 p.m., bidding had reached $80,000. By the timethe auction closed at $90,300 at 1:40 p.m. on June 6, a total 38bidders had placed 84 bids. The winner is not very active on EBay,based on the profile (though people can have more than oneaccount). If a bid is bogus, sellers usually re-list the item, says Miller,and it is their choice whether to report it to EBay. We are high quality suppliers, our products such as Dimmable Led Candle Bulb , China Led Under Cabinet Light Fixtures for oversee buyer. To know more, please visits Led Grow Lights for Plants.
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