
What Next TBD: Why Are Bots Buying Sneakers?
Slate Technology
00:00
Sneaker Companies
If i'm a sneaker head and there's limited edition run of just 50 pairs of a very cool sneaker, and i want to pay the hundred dollar face price for it, but o, i can't. Aver bots bought it up and they're only selling it for 500 dollars. The thing that pisses me off, that frustrates me as an economist, is the stupidity of a system of pretending the price is low and fair and accessible, but actually the price is high. And market clearing it just the difference in price between the received price and the actual price. It doesn't do anybody any good to pretend the price is five grand if it's a hundred 80 grand
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