Posted: 6:00 a.m. Wednesday, Feb. 12, 2014
By Clark Howard
I am outraged about the new Kanye West sneaker from Nike. The price tag on these kicks? $245...unless you buy them on eBay, in which case they're about 10 times as much!
The Nike Air Yeezy II sold out in around 11 minutes when they were first released. Now they're being sold for up to $2,000 on eBay. One report I read said someone paid $15,000 for the sneakers!
Inquiring minds want to know, what does it actually cost to make high quality sneakers?
The true manufacturing cost, according to what I've read, is somewhere around $7 per pair. All the rest of the cost that you pay is marketing pizazz and fluff.
I'm wearing a pair of running shoes that have no charisma whatsoever. They're Filas I got at Costco Wholesale for $19.99.
I wear running shoes every day of my life. So after I bought one pair and decided I liked them, I went back and bought six more pairs knowing I can wear them over time. So I spent $140 on seven pairs vs. $245 for one pair of Kanye West shoes.
The Kanye sneakers are an outrageous waste of money. Parents, what are you teaching your kids if you're buying these things for them? The opposite of the value of a dollar, to be sure. And I don't want to hear that it's "fashion."
You gotta rethink this thing. Don't waste your money!
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