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Nike's Recalled 'Betsy Ross' Shoes Now $2,500 Online
By: Forbes
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Nike canceled its Air Max USA sneaker release Monday after Colin Kaepernick complained the Betsy Ross flag decorating the shoes was a symbol of slavery— the shoes, however, are available for $2,500 on StockX, a popular streetwear auction site.

 

  • According to StockX, the sneakers originally retailed for $120. Which means at a $2,500 asking price, their perceived value increased 2,000%. 
  • Goods are sold on StockX through the seller’s lowest asking price, or the seller accepting any offer from a bidder. At least nine pairs of the Air Max USA sold for $1,000 or more on the site.
  • The Betsy Ross flag, so-named for its creation during the Revolutionary War, features 13 stars for the United States’ 13 original colonies. It has been co-opted by extremist groups opposed to racial diversity, according to a chapter of the National Association for the Advancement of Colored People in 2016.
  • Although scholars agree Betsy Ross the person most likely didn't create the first American flag, detractors of its use (like Colin Kaepernick) say the flag represents a period of American history before slavery was abolished, and therefore is an offensive symbol, according to the Wall Street Journal.
  • In response to questions over its decision to stop selling the sneakers, “Nike has chosen not to release the Air Max 1 Quick Strike Fourth of July as it featured the old version of the American flag,” said a Nike spokesperson.


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This article originally appeared on Forbes.com. You'll find a link to the original after the post. www.forbes.com
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