Kobe Bryant death causes sneaker price rise: Urban Necessities bans it - Business Insider

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A major sneaker consignor is barring users from raising prices on Kobe Bryant sneakers as the resale value explodes on sites like StockX

The former Los Angeles Lakers player who died Sunday in acollaborated with brands like Nike and Adidas to release different signature sneakers throughout his lifetime.

But some consignors are actively stopping users from profiting from Bryant's tragic death. Jaysse Lopez, the founder ofand resale company Urban Necessities, told those who consign with him that upping the price on Bryant's items in the wake of the tragedy would not be allowed.regarding his decision. "Due to the recent passing of Kobe Bryant and out of respect for his family and legacy, we will not allow price changes on Kobe items that are consigned," read the letter, Complex first. "If you have increased prices on Kobe items, we will be reverting the price back to the original listing price."

 

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twojskicks So... existing consigners can't raise the price and are forced to sell them at previous pricing? Though everyone else can post new listings a at higher prices... So, the resellers are using his death as an excuse to buy out the market at the old prices, despite demand increases.

StockX and GOAT disgust me. Profit over human decency.

twojskicks This is great and all but lets not pretend it wont change. Just like everything else in the world. Things get valuable when people die. Paintings, literature, and ofcourse shoes. People saying they shouldnt be making money are the samr people buying shit from other dead people.

twojskicks You doing this is all I need to know about what kind of person you are . Thanks

twojskicks Good for twojskicks. I'm glad somebody has some integrity in this world. Appreciate it homie god bless we love you!

I love this!!

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 /  🏆 729. in TH

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