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Monthly Archives: May 2016

Sneakers are a $55 billion global industry. According to sneakerhead data website StockX, the secondary market for rare and limited-release sneakers is estimated to be worth over $1 billion. This is fueled by Nike and its long standing Jordan brand. People wait in lines for hours and spend tens of thousands of dollars just to get their hands on the latest pair of sneakers.

source: BusinessInsider

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Yusaku Maezawa

 

Basquiat’s 1982 piece, Untitled, just set a new sales record for the late, legendary artist, reaching a price of $57.3 million USD with premium at a recent Christie’s auction during a postwar and contemporary evening sale. The artwork was purchased by Yusaku Maezawa who also bought Richard Prince’s Runaway Nurse for $9.7 million USD.

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