Would you invest in sneakers… or the new space race? This is Money podcast on backing flash shoes and rockets
Sneaker investing – those in the know don’t call them trainers, apparently – has become a big thing in recent years and as values have risen, so has the volume of fakes.
It’s not just knock-offs apeing standard sneakers anymore, some of the counterfeiters are dabbling in shoes that could go on to be worth thousands of pounds.
Can anything be done, does it matter and what’s the attraction if investing in sneakers anyway?
This is Money’s Grace Gausden went behind the curtain with eBay, which has its own crack team of fake sneaker spotters, to find out more and tells podcast listeners all about it here.
Alongside, Georgie Frost and Simon Lambert, Grace discusses the tests that can spot a fake and why eBay is cracking down.
Meanwhile, Simon looks at the comparisons between sneaker investing and other more established alternatives, such as art, wine and classic cars and, of course, the new kid on the block, crypto.
Also, on this week’s show the team discuss the courses for those who haven’t driven in years and the best cars to insure new drivers on.
Simon looks at why smart Chancellors can’t help inflating house prices and why the holiday part was the problem with the stamp duty cut.
And back on an investing tip, if sneakers are a bit too down to earth for you, how about backing a space investment trust?
Profit: Nike Yeezy 2 shoes originally retailed for £130 but are now selling for around £9,000
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