Jordan Brand seems to have disregarded the concerns raised by sneaker analysts regarding the saturation of the market with shoes lacking in substance. While the Air Jordan 1 High OG Washed Black may not necessarily fall into that category, it still fails to evoke much excitement. This new colorway is part of a larger collection set to release in Summer 2023, featuring a Black, Fire Red, White, Light Smoke Grey, and Sail color scheme.
The shoe comes with a White leather base, complemented by Grey suede washed overlays and lighter shades on the collars, as well as Red branded tongue labels. A Sail midsole sits atop a Black rubber outsole, rounding off the design. Additionally, the shoes will be available in special packaging and offered in both men’s and grade school sizes. If you’re interested in picking up a pair of these, see details below
Where To Buy the Air Jordan 1 High OG Washed Black
- Release Date: 2023-06-10
- Style Code:DZ5485-051
- Color: Black / Fire Red / Light Smoke Grey / Sail
Buy it now on eBay, CLICK HERE
Buy it now via StockX, CLICK HERE
Now let’s see how the shoe is performing on third party marketplaces.
Resale Value: Jordan 1 High OG Washed Heritage
The chart gives us a summary of the average sale price of the shoe sine June 8,2023. As you can see, prices went from $205 down to $203 within a 24 hour period. This is a bit promising, especially for long time investors. I’m saying this because most newly introduced colorways of the Jordan 1 highs are usually about 10% below the MSRP. Let’s see what the five number summary reveals.
Quartile Q1: 187
Quartile Q3: 213.25
The lowest the shoe sold for was $180 for a size 8.5 while the highest sale recorded was $256 for a size 12. 25% of the shoes sold between $180 and $187 ( see next chart for sizes), while half of them sold between $187 and $213. The remaining 25% sold between $213 and $256. Two outliers were recorded, $254 and $256 corresponding to sizes 12.5 and 12 respectively. With these two outliers disregarded, the overall resale value is $200 with an 8.5% volatility ( twice below average, that’s pretty good). You can expect about 68% of the shoes to sell between $183 and $217. But at these two prices, you’re looking at a $25 loss or a +$6 profit, not very impressive.
The only you can make any significant profit is if you’re purchasing the shoes at a discounted price. And I’m sure most of the pairs currently being sold came from the Nike Employee Store ( where they are sold for up to 50% below the MSRP).Let’s see what the current earnings are by size sold.
83% of the sales led to losses, that is sizes 8-12, and 14). 17% led to earnings of $17 and $40 and corresponded to sizes 7 and 12,5 respectively. So is this shoe worth reselling? As I already mentioned, unless you’re buying them discounted, I would not recommend purchasing them at all for resale purposes. Yes sizes 7 and 12.5 led to decent profit margins but these are bound to decrease when the shoe releases officially.
Now there is no doubt in my mind that the shoe will sell out via Retail and I won’t be surprised if prices eventually increase to the low $300’s within a 16 months span, in other words, this is a shoe worth considering for the long term.