The Air Jordan 1 collaboration with Dior remains one of the most coveted sneaker releases of all time. Its limited production, luxurious materials, and the inherent desirability of both brands have created a stratospheric resale market, particularly in regions like the Philippines. This article delves into the price of the Dior Air Jordan 1 Low in the Philippines, examining the factors contributing to its exorbitant cost, exploring the resale landscape, and offering insights into potential future trends. We will specifically analyze the example provided: a size 12, condition 10, currently listed at PHP 290,000.00 with no current offers.
The Phenomenon of the Dior Air Jordan 1: High Price, High Demand
The initial retail price of the Dior Air Jordan 1, regardless of high or low-top, was already significantly higher than most other Air Jordan releases. This was a direct reflection of the premium materials used – supple Dior Oblique canvas and premium leather – the meticulous craftsmanship, and the prestige associated with the collaboration between two iconic brands. The limited release further amplified the desirability. These sneakers weren't just footwear; they were status symbols, instantly becoming collector's items.
The high price point in the Philippines, as reflected in the PHP 290,000 listing for a size 12 Low, isn't an anomaly. It's a direct consequence of several factors:
* Limited Availability: The global release of the Dior Air Jordan 1 was incredibly limited. The number of pairs made was far fewer than the immense global demand, creating a scarcity that drives up prices in the secondary market. This scarcity is especially amplified in countries like the Philippines where the initial release was limited or even nonexistent in retail stores.
* Import Costs and Taxes: Getting these sneakers into the Philippines likely involved import duties and taxes, adding to the final cost for consumers. These added expenses are passed on to buyers in the resale market.
* Reseller Markup: Resellers capitalize on the high demand and limited supply, significantly increasing the price. Their profit margins are substantial, contributing significantly to the elevated costs seen in the Philippine market. The PHP 290,000 price tag likely represents a significant markup compared to the original retail price and even international resale prices.
* Collector's Value: The Dior Air Jordan 1's status as a collector's item further fuels the high prices. Collectors are willing to pay exorbitant sums to own a piece of sneaker history, particularly a pair in pristine condition like the size 12 example listed. The condition rating of "10" is crucial here, indicating a virtually unworn pair, commanding a premium.
* Currency Fluctuation: The exchange rate between the Philippine Peso (PHP) and other major currencies (like USD or EUR) also plays a role. Fluctuations in these rates can impact the final price for buyers.
Analyzing the Listing: PHP 290,000 for a Size 12 Dior Air Jordan 1 Low
The listing of a size 12 Dior Air Jordan 1 Low at PHP 290,000 provides a concrete example of the high prices in the Philippine market. Several factors contribute to this specific price:
* Size: Size 12 is a relatively common men's shoe size, but the availability of this size in the resale market might still be limited, driving up the price.
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