StockX has launched the world’s first “stock market of things” for limited edition consumer products this week in Detroit. The sneaker market will be the inaugural consumer product market of the new exchange.
StockX plans to put a stock market twist on traditional e-commerce marketplaces like eBay Inc EBAY and Amazon.com, Inc. AMZN. Marketplace participants will be able to buy and sell certain limited edition products anonymously and will have access to traditional stock market metrics such as historical price and volume statistics, real-time bid and offer prices and time-stamped trade histories.
Related Link: Tech Bubble 2.0 Has Burst, Warns JPMorgan Quant
StockX data will be provided by Campless.com, which has served as the “Kelly Blue Book of sneakers” since 2012. The initial sneaker market will be comprised of more than 15,000 pairs of verified unworn, preserved, original-boxed limited-release sneakers.
StockX will also provide real-time in-depth sneaker market analysis and global news.
Sneaker collectors will be able to create their own sneaker portfolio on the site and StockX will price the portfolio in real time based on current market values, providing feedback about market gains and losses.
“Sneakers are the perfect gateway product to allow us to prove our belief that the StockX echange will replace e-commerce for certain limited edition, high-demand consumer products,” StockX CEO Josh Luber explains.
If the sneaker market proves successful, StockX could be expanding its model to other consumer markets in the near future.
Disclosure: the author holds no position in the stocks mentioned.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.