Nike is renowned for its marketing genius, and they have once again put their expertise on full display with the release of the Air Jordan 3 Wizards, or shall I say the True Blue 3. This sneaker screams their ‘edit to amplify‘ campaign all over and is dressed in a White, True Blue, Metallic Copper, and Cement Grey color scheme. The shoe look precisely like the PE MJ was rocking during his time with the Wizards, and it’s a “True Blue” colorway with Copper accents that replace the red Jumpman. If you’re looking to pick up a pair, see details below.
Where To Buy The Air Jordan 3 Wizards
- Price:$210
- Release Date: 2023-04-29
- Style Code:CT8532-148
- Color: White / Metallic Copper / True Blue / Cement Grey
Retailer(s):
Nike US, Footlocker, Finishline, JD Sports
Buy it now on eBay, CLICK HERE
Resale Value: Air Jordan 3 Wizards
Demand
As you can see from the graph above, the demand for the product is pretty high as interest has been above average, and remains high and steady. Well’ let’s see how the shoe is performing on third party marketplaces.
The chart above gives us a breakdown of the average sale price of the shoe since April 26,2023. Prices have remained the same between the 26th and the 27th at $243. Let’s find our five number summary for further details.
Minimum: 200
Quartile Q1: 238
Median: 240
Quartile Q3: 244.25
Maximum: 290
The lowest sale recorded was $200 for a size 7 while the highest was $290 for a size 9.5 ( this was recorded on the 27th0. Interestingly, the day before, three size 9.5 sold for right around $238. 25% of the shoes sold between $200 and $238 ( see next chart for exact sizes), while half of them sold between $238 and $244. The top 25% sales were between $244 and $290 and there six outliers, $200, $228, $255, $278, $289, $290.
To come up with a good estimate of the average sale price of the shoe, let’s disregard these outliers. The overall average resale value without the outliers is about $241 with a 2% volatility ( below average). So you can expect about 95% about the shoes to sell between$231 and $251. That isn’t very impressive considering that the shoe retails for right around $223 after tax. Let’s see what kind of earnings each size is producing.
Current Earnings By Size Sold
From the records above, 67% of the sales led to losses ( that is sizes 7-9, 10,10.5,12 and 13). Size 11 led to break even and 25% of the sales led to earnings $10 and under ( sizes 9.5,11.5 and 14). Size 12.5 was the only one that generated a relatively considerable profit, $33 and even then only one single sale was recorded for that size, so we can’t be to sure on how the next size is going to perform. And even at $33, the mark up is still slightly below average. So what’s the verdict about the Jordan 3 Wizards? Is it worth reselling?
Clearly, if you’re a Day Trader, this isn’t a shoe you want to invest in, the current records show how poor of an investment it will constitute. I believe we have another case of the shoe being readily available at the Nike employee store where it is being sold for up to 50% below its retail price, that’s the only way I can explain how folks are able to sell it for the prices above and still make a profit.
My advice for buyers would be to be patient and don’t pull the trigger on a pair if you can’t pick it up for retail. You’ll probably be able score a pair right around the MSRP on social media marketplaces if you give it some time.
