In 1985, Michael Jordan made his professional debut as a member of the Chicago Bulls. The Air Jordan 3 was released three years later in 1988 and quickly became one of the most popular sneakers in the world. To this day, it remains a favorite among sneakerheads. The Air Jordan 3 Cardinal Red is a new colorway that is set to be released on February 19,2022. It features a white tumbled leather upper with cardinal red and black accents. Additional details include a Curry jumpman gracing the outside of the tongue, red jumpman logos at the heel. There can’t be a Jordan 3 without the iconic elephant print overlays at the heel, toe and eyestay. If you’re interested in picking up a pair, refer to the details below.
Where To Buy The Air Jordan 3 Cardinal Red
- Price:$200
- Release Date: 2022-02-19
- Style Code:CT8532-126
- Color: White / Light Curry / Cardinal Red / Cement Grey
Retailer(s)
Nike, Footlocker ( stores only), Champs, Snipes, Jimmy Jazz, DTLR, Finishline, JD Sports, Dicks, Ycmc
You can also purchase it now on eBay from our featured sellers via authenticity guaranteed, CLICK HERE
In other sneaker news, the Lebron 9 Galaxy releases officially today, February 18, 2022.
Stock Numbers
Assumptions
- Nike US will receive about 20% of the US inventory
- Footlocker, Champs will receive 30% ( stores only)
- Finishline, JD Sports, Hibbett and Dicks will receive 30%
- The remaining retailers will also receive about 20%
- We’ll give 36 pairs to regular FTL and Champs
- House Of Hoops will receive 70 pairs
Numbers
Regular Footlocker stores= 830 x 36 pairs= 29,880 pairs
House Of Hoops= 170 x 70 pairs=11,900 pairs
Champs= 547 x 36pairs=19692 pairs
Total from FTL and its derivatives=( 29,880 +11,900+19,692) pairs = 61,472 pairs let’s stretch it to 85,000 pairs based on possible errors in the assumptions
The overall number of pairs produced for the USA based on our assumptions and current findings is:
Grand total = 3 x 65,000 pairs + ( 65,000)/3= 217,000 pairs. Nike’s numbers will be somewhere between 40,000 pairs and 60,000 pairs
We can also conclude that the worldwide production will fall within the 200,000 pairs to 300,000 pairs interval
Jordan 3 Cardinal Resale Value
The chart above gives us a breakdown of the average sale price of the shoe since February 17, 2022. The findings are very interesting, usually with General Release Retros, the resale value tends to decrease as we get closer to the official release date. But in this case, there is a positive trend and the current average sale price is $284. Let’s find our five number summary
Minimum: $264
Quartile Q1: $268
Median: $276
Quartile Q3: $284
Maximum: $338
The lowest sale recorded was $264 while the highest was $334. 25% of the shoes sold for prices between $264 and $268, 50% sold for values from $268 to $284 and another 25% sold for prices between $284 and $338. There were 5 outliers ( irregular sales recorded) {$309, $318, $325, $334, $338}. And without the outliers, the cumulative resale value is $277, leading a profit margin of +$40. Based on the stock numbers projected, I’m very confident that there will be a significant drop in the average sale price by Saturday February 19, 2022. You can expect it to drop by 10% so I won’t be surprised if the resale value is about $249. I just want you to be cautious. Let me give you a breakdown of the current margins per size.
My advice to you is sell the shoe right away if you are able to secure a pair now. Don’t wait till the actual release date to sell it. I do think this will be a great shoe for the long term investment. I’ll wait to see what the price is like tomorrow and update the post. But you can definitely expect great things out of the Cardinal 3 by next year. Stay tuned for updates.
