February 10, 2014


Calm Down: Kanye West's Red Octobers Selling for $10K, Not $10 Million


Although Kanye West split acrimoniously with Nike last year and hopped onto the Adidas train, Yeezus still had one unreleased line of Air Yeezy 2 sneakers coming out through the corporate giant. Over the weekend, Nike released Kanye's Red Octobers out of the blue and were sold out within 11 minutes.

Not long after, the capitalist orgy officially kicked off with an Air Yeezy 2 resale frenzy on Ebay.com. But despite the hysterical reports from the blogosphere, the Air Yeezy 2 Red Octobers are NOT actually being resold for millions of dollars. True, one user is listing them on Ebay for $16.3 million, but that price is obviously a dark, twisted fantasy. Several bidders have matched the $16.3 million asking price, but they're from just-opened accounts with no feedback ratings or bidding history. In other words, they're prank bids—something anyone can do on Ebay with no repercussions.

Back in the real world, one pair of Kanye's latest and final Nike shoe has sold for $10,100 after 70 bids on Ebay as of Monday afternoon. And that seems to be the going price—every other pair of Red Octobers with bidding scheduled to end Monday has stalled around the $10-11K range, with only one pair attracting bids up to $14,000. Which, yes, is an insanely high price for a shoe, but a real bargain as compared to Kanye's other Air Jeezy 2, which reportedly sold for $90,000 back in 2012.

In related news, nearly half the world lives on less than $2.50 a day