Nike’s ‘Betsy Ross Flag’ Sneakers Re-selling for Over $2,000 On StockX After Colin Kaepernick Forces Company to Cancel Production

Nike’s controversial “Betsy Ross” sneakers are selling for more than $2,000 on resale site StockX after the sports apparel company pulled its Air Max 1 USA shoes from retailer shelves as well as its website and mobile shopping apps.

Set to release ahead of the July 4 celebration, the retail price of the red, white and blue sneakers originally was $120, according to StockX. However, by Tuesday morning, about a dozen pairs had sold on the online marketplace for upwards of $1,000. One pair on StockX fetched as much as $2,501 — more than 20 times the original retail price.

About 66 pairs have been sold on the resale site so far, some for around $170 in the days before news of the Betsy Ross flag controversy emerged on Monday. Neither StockX nor Nike immediately responded to requests for comment.

Click here to continue reading…

SOURCE: SARAH MIN
CBS News