In Detroit, new stock market for sneakerheads
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Sneaker collectors are a tribe of their own — the hype-driven community thrives on countless online forums, Reddit threads, blogs and sites around the world. Now, StockX lets sneakerheads trade kicks just like bankers would on a stock market. The live market relies on supply and demand to adjust real-time pricing. At the time of writing, the Jordan index is up 12 percent, while the Nike index is down 2.6 percent. CEO and co-founder Josh Luber first create the sneaker-pricing startup Campless, which collected data about the resale market place, analyzed it, and sent reports to customers. Now Campless has…
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