Is The Air Jordan 11 Cherry Worth Reselling Or Investing In?

Air Jordan 11 Cherry release date and resale value
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Every December, sneakerheads around the world are treated to something special—the release of a new pair of Jordan 11’s. This year is no exception; on the 10th of December, sneaker enthusiasts will be able to get their hands on the Air Jordan 11 Cherry. Let’s take a look at what sets this shoe apart from previous releases and why it has sneakerheads everywhere so excited.

The cherry colorway itself has long been part of Nike’s signature palette, having been used in various iterations over the years. The defining features of this shoe start with its white mesh base, which is then accented by leather heels for a combination of comfort and style. Varsity Red accents are featured on the branded areas, lining, and the customary patent leather overlay – making for an eye-catching contrast against the white backdrop. To complete the design, there is a white midsole atop a translucent outsole that adds extra flair to this unique sneaker.

If you’re interested in picking up a pair, refer to the details below

Where To Buy The Air Jordan 11 Cherry

  • Price:$225
  • Release Date: 2022-12-10
  • Style Code:CT8012-116
  • Color: White / Varsity Red / Black

Retailer(s)

Nike US, Footlocker, Champs, Finishline, JD Sports, Snipes, Ycmc, Jimmy Jazz, DTLR

You may also purchase it on eBay from our featured sellers via authenticity guaranteed, CLICK HERE

How Many Pairs Of The Air Jordan 11 Win Like 96 Were Produced? Should You Pay Over Retail?

Stock Numbers

air jordan 11 cherry stock numbers

The stock numbers are going to incredibly high, that shouldn’t come as a surprise. For the past 5 years, we’ve seen an average of 1.5 to 2 million pairs of Jordan 11s every Christmas season. A total of 49,799 pairs were released via early access. If we assume that this represents about 1/5 of the total inventory via Nike SNKRS, then the expected count for December 10 is

Expected count Nike SNKRS=49,799 x5= 248,995 let say 250, 000 pairs

And if we assume that this number represents about 1/5 of the entire inventory for the US, then the total inventory projected would be

Total=250,000 pairs x 5=1,250,000 pairs ( and I’m being very conservative, the numbers would certainly exceed my projected numbers).

I’ll provide you with more accurate numbers by December 10, stay tuned.  How is the shoe performing on third party marketplaces?

How To Spot & Identify The Fake Air Jordan 11 Cherry Varsity Red

Air Jordan 11 Varsity Red Cherry: Resale Value

Air Jordan 11 Cherry Resale Value Vs Time

Observations

The chart above gives us a breakdown of the average sale price of the shoe since December 6,2022. As you can see, the daily average went from $292 to $294, a positive trend, increasing by $2 within a 4 hour period. The five number summary will give us further details.

Minimum: 268
Quartile Q1: 286.75
Median: 293
Quartile Q3: 299.25
Maximum: 320

The lowest sale recorded was $268 (size 10), while the highest sale was $320 (size 5.5). 25% of the shoes sold for prices between $268 and $287 ( see next chart for specific sizes). 50% sold for prices between $287 and $299 and the highest sales, the top 25% sold for prices from $299 to $320. $320 was considered an outlier, so if we remove it, the highest sale that normalizes our data is $310  (size 13). And the overall average resale value is $293, leading to a 3% volatility ( below normal). So don’t expect the current prices to change considerably, most pairs will probably sell within the $285 to $300 interval.

The shoe has a 15% sell through rate. I thought it was surprising but it isn’t since the number of pairs produced is extremely high. That is going to affect the sell through rate. At a $293 average sale price, you’re looking at a +$28 margin, a 12% mark up ( below average). So according to the current evaluation, the Jordan 11 Cherry isn’t a good shoe to resell. It certainly is going to sell out but gone are the days where the 11’s were a gold mine.

Is It Worth Investing In For The Long Term?

To figure that out, we just need to see how much the shoe will grow within the next 12 to 30 months. And also keep in mind that it will plateau at some point, that’s just a given. I ran some simulations and came up with the following linear regression that captures how the price will grow over time.

Cherry 11= $0.0126*t+ $293 ( t being the time elapsed since January 26)

So let’s figure out what the shoe is going to be worth on December 10th of 2023. The gap between December 10,2023 and January 27 of 2023 is

344-26=318 days

Projected price= $0.0126 (318)+ $293=$297 almost $300.

What is that telling you? Even after a year, prices aren’t going to change significantly. And after two years, the shoe will be worth about $308, a very slow growth. At $308, you’re looking at a +$41 profit margin, a 17% mark up ( 1.14 times above average). While this is relatively good, I wouldn’t recommend investing in it simply because the capital invested is too high. Consider the Air Max Penny 1 AS, I discussed its resale value 24 hours ago, see quote below

For most Penny 1’s, don’t expect to see any changes for at least 21 or 22 months ( little less than two years). The shoe will probably reach the $220+ mark and from then on you can expect it to continue to climb or remain constant. Here’s the good news for the long time investor. Current prices are 18% to 40% below the MSRP. This is a golden opportunity. If you invest in it now, you’re looking at a 120% mark up within a two year span ( earnings between $60 and $100 per shoe).

The Penny 1 will yield a 120% mark up while the Cherry 11 will yield to a 17% mark up. The Penny 1 can currently be purchased below its retail price ( about 10% to 18% below the MSRP). 40 pairs purchased at $160 will cost you an investment of $6,400 while 40 pairs of Cherry 11’s will cost you $9,560 ( that is if you can purchase them for retail).

A $6,400 investment leading to a profit of $7,680 in two years or a $9560 investment leading to a $1,625 profit. I’ll let you decide.

Air Jordan 11 Cherry On-Feet

Air Jordan 11 Cherry On-Feet

Air Jordan 11 Cherry On-Feet

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price
Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date Price

2022 Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date

2022 Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date

2022 Air Jordan 11 Cherry Varsity Red CT8012-116 Release Date

images courtesy of Sneakerbardetroit

tayib salami
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