Kanye leaving Adidas is now a reality, sneaker family! Well, excuse our beat-up way of saying things, but we don’t want any feelings hurt. However, that doesn’t mean we won’t say things as they are, anyway. So, it went something like this. Adidas kicked Ye out and terminated their partnership! Although this news was called for, as most people have seen it coming, reality tends to hit different. Ye wanted to leave Adidas when their partnership expires. At least that was the plan. Which still had 4 years to be put to work. But obviously, Adidas likes shortcuts! Also, although the resale value is expected to take a downturn after such a thing happens, you’d still feel the surprise when it occurs. And that’s exactly what happened here. Yeezy resale value came crashing down like a wrecking ball, smashing all plans sneakerheads and resellers had before.
Yeezy Resale Value: The Hows, Whens, And What Now?
On October 25th, 2022, things took a turn for the worse, for Ye. Complications between the rapper and the Three Stripes have been consistent for ages. However, Kanye West posting an anti-Semitic comment on Twitter was the last blow that took him down. Adidas just snapped then, calling everything off. Unfortunately for the fashion designer, things didn’t stop there as Gap also cut ties with him, followed by Footlocker. The latter removed all Yeezy products from their stores. Claiming that, “Foot Locker, Inc. does not tolerate any form of antisemitism or hateful and discriminatory behavior.”
That’s not all. Adidas stopped all Yeezy productions in an instant, as well Ye’s and his companies’ payments. The Three Stripes literally stopped “the Adidas Yeezy business with immediate effect.” Aggressive much? It doesn’t stop there! Ye is officially NOT a billionaire anymore, according to Forbes. Collaborating with Adidas granted him a $1.5 billion net worth. Which took a drastic downturn the moment the brand terminated the contract. Now, the no-longer-billionaire approximately has a $400 billion net worth, which comes from his music, cash, real estate, and his 5% stake from Skims. If you don’t know what the last one is, that would be his ex-wife’s shapewear company.
Yeezy Resale Value And Resellers
All in all, West has been living through a nightmare and things don’t seem to be settling with him soon. Resellers could relate to that statement as they’ve gone through a frenzy trying to know what to do with the Yeezys they collected. And, most importantly, the bots they subscribed for! Do they leave their sneaker bots aside now and sell their Yeezys right away? Do they use their bots to cop Nike and Adidas instead? Or do they just take a breath and wait for things to settle?
A dilemma definitely took place in this situation! BUT kindly, do take a breath, Yeezy beholders. Your time to thrive will come. But don’t act on impulse and sell right away. Remember, this has already happened before, and it should teach you something. What are we talking about? The Red Octobers and their likes, of course! You don’t wait on your Yeezys days or months. You wait a little more than that, so you receive a great return.
What Happens Now?
You must know that the sneaker industry is a very unstable place. Collaborations, brands, and even people come and go. But vacant places don’t stay vacant forever. Brand new partnerships and brands take place. Some make it till the end, some don’t. Therefore, no need to mourn a loss now. There’s no time for that! Cool sneakers are dropping whether Yeezy’s still in business or not. So, you all have to look for are high-ranking sneaker brands that always got something to offer. Take Adidas and Nike as the greatest examples in the industry. So, all you have to do is keep it locked to blogs that always got updates on soon-to-be-dropping sneakers. Know when they are dropping. Prepare your sneaker bot, proxies, and servers. Then, call it a cop.
If chance isn’t by your side from the first botting experience, make sure not to believe it’s the end of the world. That thing needs practice, a good strategy, and a little bit of luck. And good luck has a lot to do with having a great sneaker bot, by your side!