It seems to me that no brand is immune to the allure of easy money, and that’s not even an astounding discovery. New balance and Concepts’ 2013 project, the New balance 998 C-Note is making a return within a few days to celebrate the supposed silhouette 30th anniversary, can you hear me shaking my head. This is nothing short of another calculated scheme to make money and I can’t blame them for that , they are taking a page out of other Nike’s book.
The Concepts x New Balance 998 ‘C-Note’, originally crafted as a tribute to the $100 bill, is undeniably rich in its references. The shoe’s design is steeped in symbolism, with its premium materials dipped in a variety of colors to represent different currency hues. Added features like reflective 3M detailing, an ENCAP midsole, and unique branding further elevate its status. Despite any skepticism, the return of this iconic sneaker is eagerly anticipated by many. If you’re looking to grab a pair, see details below
Concepts x New Balance 998 ‘C-Note’ Release Information
- Price:$220
- Release Date: 2023-10-05
- Style Code:U998CN
- Color: Multi
Retailer(s)
You may also purchase it on eBay from our featured sellers via authenticity guaranteed
Now let’s see how the shoe is performing on third party marketplaces
Resale Value :New Balance 998 Concepts C-Note
The chart gives us a summary of the average sale price of the shoe since September the 30th of 2023. As you can see, prices went from $399 on 9/30 down to $301, a very sharp drop within a three day span. From the second of October to the 4th, the prices have gone down by an average of $2 per day and the current average resale price is about $292, but let’s see what the five number summary reveals.
Minimum: 251
Quartile Q1: 290.75
Median: 300
Quartile Q3: 305
Maximum: 399
The lowest sale recorded was $251 for a size 9.5 while the highest sale was $399 on a sale 10. About 1/4 of the shoes sold between $251 and $291 while half of them sold between $291 and $305, see next chart for sizes. The remaining 25% sold between $305 and $399 and there were three outliers, $251, $350 and $399. Now with the outliers disregarded, the average resale value is $297 with a low volatility of 4%. So you can expect about 95% of the shoes to sell between $273 and $321, leading to profit margins between +$15 and +$59, that is mark ups between 6% and 25%, that’s not too bad considering the high MSRP.
Now there are sizes that are yielding to better margins, see chart below.
Observations
As you can see from the records, all but one size led to a loss, that is the size 9.5 with a negative return, -$5. 25% of the sales led to earnings between $50 and $70, sizes 10 and 14, while 63% generated profit margins between $30 and $45, sizes 11.5,12,13,15 and 9. The shoe is definitely worth reselling and the sizes that I would recommend to maximize your earnings are sizes 10 and above. The stock numbers are relatively limited and this is probably the last time this shoe is going to drop so this release is also a good long term investment option.
