ID Lab ONLINE Workshop

Sergey Suvorov presented the results of a study of the determinants of sneaker prices on the secondary market

Sergei Suvorov, ID Lab trainee, presented the results of a new study co-authored with another laboratory member Petr Parshakov. In this study, the authors examine determinants of sneaker prices on the secondary market. Sneakers are shoes primarily designed for sports or other forms of physical exercise but that are now also widely used for everyday casual wear. Their resale market is valued at about 2 billion dollars and the global market stood at about 6 billion (Yahoo Finance, 2020). We use regression analysis applied to the data collected from StockX, a leading trading platform for sneakers. Preliminary results show that time since release affects the price of sneaker: the price increase by $15.65 for every 6 months since the original release date.

In addition to the economic contribution of the research, it can be noted how closely the sneaker market has become associated with history - many famous personalities from sports and not  intentionally or not have become associated with sneakers. The work demonstrates the diversity of laboratory research and the ability to find something interesting in something seemingly completely everyday.