Rich Paul, the founder of Klutch Sports Group and a sports agent, collaborated with New Balance for the Rich Paul New Balance 550. The partnership also features a full assortment of vintage-inspired T-shirts, jackets, trousers, and basketball shorts. The shoe focuses on a color palette of cream, navy blue, sky blue, and yellow. It features premium leather paneling, with a mix of perforated and smooth leather for a more elevated feel, as well as a blue textured strip around the collar for further uniqueness. If you’re interested in purchasing a pair, see the details below.
Rich Paul New Balance 550 Release Information
- Price: $130
- Release Date: 2021-12-09
- Style Code:BB550RP1
- Color: Cream/Multi
Where To Buy
US Retailers : Sneaker Politics
Now let’s see how the shoe is doing on third party marketplaces.
There are no sales recorded yet, but we have data on what people are willing to pay for the shoe as of now. Let’s see if this gives us some insight as to how the shoe is going to perform.
The chart above gives you a breakdown of the average price people are willing to pay for this item in terms of the sizes. If we take into consideration every size, the average buyer is willing to pay somewhere around $238 for this shoe. That’s already good news, since the shoe retails for $130. Even at this price, the profit margin is about $80, which is incredible. Now let’s see how much potential sellers are willing to sell the item for.
Obviously the sellers are a bit delusional because their asking prices are past what I’ll consider the norm. But this is still valuable information. The average asking price is about $648, but that doesn’t mean that buyers will fork out that kind of money for it. So to establish the resale value, I’ll take the average of both the sellers’ asking price and buyers’ recorded bids.
Projected Resale Value= ($238+$648)/2= $443
I won’t be surprised if the Rich Paul New Balance 550 sells for $400 or a little more on third party marketplaces. So let’s set our projected value between $238 and $400. Projected profit margins will be somewhere between $80 and $220. This is definitely a great shoe to invest in.
Here are images of the shoes courtesy of Uptherestore and END
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