Nike ‘Betsy Ross’ shoes get $15,000 bid on eBay as supply drops

Days after Nike announced it would not be selling its ‘Betsy Ross’ flag-themed shoe which was meant to celebrate the July 4 holiday, a pair of shoes listed on eBay received a bid for $15,000 .

Nike said earlier in the week that it will not be selling its Air Max 1 Quick Strike Fourth of July shoe. The Wall Street Journal said the company pulled the shoe after former NFL star Colin Kaepernick told it it shouldn’t sell a shoe with a symbol some consider offensive, given its ties to football America’s era as a slave nation. The flag has also been adopted by hate groups.

As the company’s decision sparked a cultural discussion about the significance of the flag and the country’s history, shoppers rushed to buy the shoes and the price quickly rose.

A pair of ‘Betsy Ross’ sneakers reportedly sold for $2,500 on e-commerce site StockX after Nike announced it would be retiring the shoe. But the price has since skyrocketed. As of Friday noon, 99 people had bid on a single eBay post, which received a bid of $15,000.

“I have NEVER seen so many watchers or views, and this has got to be the hottest item on eBay right now. Call it patriotism, the need to have something you’ve been told that you can’t have, or just a desire for shoes or antique collectors (these could be historic one day), they pay incredible sums,” said Isaiah Miller, the seller of the shoes. Newsweek in an email.

Miller described himself as a 21-year-old entrepreneur and said his main business was on eBay. He said he bought the shoes from another buyer, writing “the saleswoman was experiencing a LOT of harassment and threats, so she decided to sell them to me for a buy-it-now price.”

A replica of the Betsy Ross flag is displayed on the side of the Betsy Ross House in Philadelphia, Pennsylvania August 27, 2016.
Raymond Boyd/Getty Image

Although StockX removed the resale of the “Betsy Ross” shoe, saying the product “does not fit our value system”, other pairs were still listed for high prices on eBay. A pair had received 37 bids and offers up to $5,100. Another, which had yet to receive an offer, was listed at $2,500.

Despite the inflated price of the “Betsy Ross” shoes, which were originally slated to sell for $140, the price is not unheard of.

A pair of Nike Air Mags sold for $40,000 at Vancouver Air Con in February. Four shoes on StockX had received offers above $15,000. A set of “Jordan 4 Retro Eminem Encore” shoes had a bid of $15,555, while a pair of Nike’s “MAG Back to the Future” had a bid of $45,000.

ebay screenshot
Screenshot from eBay posting of “Betsy Ross” shoes.
Ebay screenshot