Here’s what they found: ‘Rising sneaker prices can be attributed to a variety of factors: rising costs of labour in China, increased costs for raw material, inflation, and general price increases – yet it appears that the price increases have significantly outpaced these factors over the past decade,’ says Myers.Click to see full answer. Likewise, people ask, why do sneakers cost so much? Inflation As goods require more money to purchase and manufacture, the value of money falls – therefore prices must increase. But statistics don’t lie. Increased demand in manufacturing competition has actually decreased the price values of things like electronics and clothing – including sneakers.Also, what is the most expensive sneaker? These are the 20 most expensive sneakers ever made: Air Jordan III OG – $4,500. Nike Yeezy 2 Red October – $7,500. Vlone x Nike Air Force 1 High – $8000. Adidas NMD_R1 Friends and Family – $10,000. Nike Air Mag Back to the Future – $14,500. Air Jordan 4 Undefeated – $15,000. Air Jordan 10 OVO – $20,000. Similarly, you may ask, are expensive sneakers worth it? Expensive sneakers are not worth the money, according to a new study — but this finding wasn’t expected to lessen the appeal of a pair of upper-end running shoes.Why is Nike so expensive?A few reasons: Branding with celebrity endorsements and global ads is expensive. Cutting edge research into materials design and consumer sentiment is expensive; Nike uses very expensive CAD systems and material blending processes.
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