I really like the discussion happening now and plenty of good points are being made. To touch on a point that Questlove made, I've done a fair amount of reselling of mainly Supreme and flipping of paintball guns. For Supreme I do it as a short side hobby and only do online manually. It's not exactly a big time investment. If I grab a hype item in a demanded size within the first 15secs, I can find a seller within the hour easily. My main criteria is being able to sell something quickly and not for the highest profit. I don't like having products just sitting there and want a quick turnover because again the time investment isn't much when copping online.
I feel like in Acronyms case the supply is not high enough to warrant being able to sell fast in addition to the fact that the price point is much higher which makes it a less attractive arbitrage opportunity.
In Chaosens point, I agree that hyped items will sell instantly. However when was the last time we've seen a J1A, J28, J36, J47A released on a regular basis? This recent season didn't have a star jacket that was hyped for the resell. The J56 and J57 didn't live up to that and we didn't see any of those resell.
This resell market is interesting but I don't know if it will last because of the high prices of the hyped items with no one to buy them at a quick enough turnover. Not many people have a bank account where they can float $1500 on their credit card and hope to make a profit on it.
I'm not complaining about the price spike, I'm just trying to demonstrate that there are lasting effects from posting these kinds of sales listings since it feeds the resell culture that's becoming more pervasive. We've gotten to this point only because people keep posting higher and higher prices. I just figured as a community here, we can try to avoid aggravating this problem since it doesn't help any of us that are actually into the brand for the long run (for the reasons I mentioned in my previous posts). You've been a helpful dude to the community all along, what does the $4.5K post really accomplish? It's potentially more damaging than you might expect, satire or not. I personally have nothing against you selling high, sell it privately or set the price lower and field offers instead?
I don't disagree with what you guys are saying, but I feel that the way Grailed works (or the way people are using it) is a huge part of the problem. Having sold on few things on there, the amount of low balling that goes on is beyond frustrating so I think it forces people to list thing much higher than they are expecting to sell at just to drive away the lowballers. We all know the average transaction is done at a significant discount to the listed price. Ultimately, a bit more transparency on actual transacted prices would be a really nice addition. I know it's harder to do for clothes than for sneakers, but I really like what StockX has done, ultimately it helps goods trade at their fundamental value.