I would usually never touch this shoe as a potential resale item, but after a year where the Kyrie in every release typically sells for about 50 dollars above retail, the PG1 The Shining has caught my attention for one reason, it’s limited to 12,000 pair and Nike has decided to number each shoe. I am still hesitant to do this, but at 110 a pair there is an easy mark up there. The Kyrie is 120 and the recent release the Kyrie 3 has consistently sold at right around 179.99 which is a solid return on your dollars for a GR. Paul George though… he’s not exactly a household guy. Let’s get into it.
*** I’ve been neglecting to say that I’m writing these for those people who don’t have a hookup or discount. On almost any Jordan Brand release if you get a discount you can flip it for a profit.
Since I do 3 checks before my decision I will weight them on a scale of 1-9. The max points on a scale = +3
*** New addition to the rating system: Tier 1: 0-25% = +1 Tier: 26-55% = +2 Tier 3: 56% and up is +3
First check: We can’t really utilize the FC check because not even the Paul George 2K is available there. The shoe hasn’t had an extensive roll out and with only 12000 in production I can almost guarantee the shoe will go straight to House of Hoops. If I had to force a comparison I guess I could look at a limited release Kyrie like the Ky-Rispie, but that doesn’t work because that shoe retailed at 160.00. 1st check is a wash.
Rating = N/A
Second check: My second check is always on eBay. The eBay Check is always easier to make an estimation. Right now there are 83 Listings of the PG1. The listings include the Obsidian PG1 and the The Shining. There have been 14 sales completed on the PG1. This is actually surprising to me. It’s a pleasant surprise. Here is the average price of sold shoes as of 2/24/2017:
Feb. 23 – 169.90
Feb. 22 – 174.99
Feb. 22 – 169.99
Feb. 22 – 179.99
Now, I have to note that the Obsidian has sold for as much as 199.99 and is consistently selling for 174.99. When you consider that the shoe retails for 110 you have to be slightly excited about this. Average price 694.87/4 = $173.72
ROI: 110 + tax = 120.00
Add 15.00 for shipping
Add Fees at 173.72 (eBay 13%) = 22.58
Total cost of the shoe is 157.58. Your profit would be 16.14
That’s a Tier 1 but there are factors that haven’t been included in these descriptions. No one is listing that the shoes are numbered and no one is mentioning that the release is 12,000. Right now the shoe is at a 10% return on your investment at 173, but I think this shoe will creep up to 189.99 to 199.99 so I’m adding a 1.
Rating = +2
Third check: I am no longer using StockX as a gauge on these checks. The system has a major flaw and in so many words, that major flaw sucks and could temper the use of the platform for sellers. The fact that they don’t allow sellers to offer a minimum bid is really flawed. It’s insulting that someone would be such an asshole to bid 1 freaking dollar on a shoe. This is the reason so many people are resorting to GOAT, and Kixify, and SoleCollector reopened its marketplace.
So what is my third check here? The Footlocker Release Locator. The shoe is obviously limited. The number of locations getting the release is very small. Footaction isn’t getting the shoe at all. There isn’t a ticket process on the shoe, but those who are interested will take the time to look at this as a collector’s item. People won’t be checking for the release, but there is a market so I am going to give this check a
Rating = +2
My final ruling: The PG1 The Shining isn’t a major release but it is one of the first numbered signature releases from Nike. PG isn’t a major name, but if you look at the launch locator the shoes are being released in Cali (George played for Fresno State) and you can see a ton of releases in the midwest and on the east coast. I have to put this one on a reduced scale of 6 so it is a +4 which isn’t bad at all. You won’t make a killing on the shoe, but you won’t lose on it.
