The Nike Air Foamposite line is notorious for dropping some of the most exciting and loud colorways Nike has ever seen. Being a staple for attention grabbing designs, it was no surprise that their newest iteration of the sneaker was decked out in such a crazy appearance. The Nike Air Foamposite Pro PRM “Elephant” first was seen as a joke, but once more and more photos of the sneaker started to hit the blogs, people began to fall in love with them. The crazy design gave sneakerheads a chance to step out of the norm and rock something out of the ordinary!
Avg. Price $281.59
The Nike Air Foamposite Pro PRM “Elephant” was predominantly decked out in an elephant print shell with complimenting hits of black throughout. Equipped with a leather collar and an attention grabbing pink sole and matching finishes, this sneaker is one nobody will forget. The popularity of the sneaker continued throughout the entire time we looked at the sneaker before the official release making sneakerheads thirsty to get a pair. ShoeFAX analyzed both the sales and listings on Kixify and eBay from a week before the sneaker released to the end of October to give us the most accurate data pertaining to the sneaker’s success.
| Total Sales | $54,252 |
|---|---|
| Total Listings | 326 |
| Successful Listings | 138 |
| Total Bids | 844 |
| Items Offered | 705 |
| Items Sold | 187 |
| Bids per Listing | 2.59 |
| Sell-Through | 42.33% |
| Sellers per Day | 10 |
The Nike Air Foamposite Pro PRM “Elephant” hit retailers at a retail price of $250. The high retail price gave resellers the chance to shoot higher for their resell price, and they took full advantage of that. About a week before the sneaker released, the price of a pair was up to a high of about $360 per pair! The hype surrounding the sneaker’s release bumped up the pre-sale price to a little over $100 over retail. If you thought that was surprising news, you haven’t seen anything yet!
Right after the sneaker officially released the resell price PLUMMETED down to $280 a piece which is only $30 over retail! With a sell-through rate of 42.33% the sneaker stayed around the $300 mark keeping the sneaker’s average price at $281.59. The sneaker’s downfall didn’t stop there. Out of a whopping 705 pairs offered, only 187 of them were actually sold.
This goes to show how much hype and expectation can really blind you from reality. If you’re one of the people who copped the Nike Air Foamposite Pro PRM “Elephant” early, you could have saved yourself a pretty good chunk of change. Now that you know just how much of a belly flop this release was, let us know if you would’ve still copped a pair early and keep checking ShoeFAX for your latest Sales Analysis!
