Highsnobiety

No Vacancy Inn’s latest New Balance collaboration — a neutrally-toned 650 — was sold exclusively via StockX IPO. The IPO (or Initial Product Offering) functions as a blind auction, where a set number of sneakers are bid on anonymously by StockX users.

The final sale price is determined by a “clearing price.” If there are 10 pairs of a specific size available, the 10th highest bid (or the lowest of the 10 winning bids) becomes the clearing price and all “winners” pay that much for the sneaker (meaning most winning bids pay less than they were ready to spend).

In this case, there were 400 pairs of the collaborative 650 available on StockX and the average clearing price was $415. StockX has shared detailed information on the blind bids in a blog post, which revealed that an anonymous user actually bid $50,800 for a pair of the sneakers. Due to the blind auction style of the IPO, those that bid over the clearing price only had to pay an average of $415.

This means that the $50,000 bid was likely an attempt to secure a pair of the shoes at all costs, and not that the bidder thought the sneakers would be worth that much.

StockX also revealed that there were a total of nearly 14,000 bids and that several dozen bids exceeded $1,000. It was also the highest number of bids of any StockX IPO to date.

For more insights into the IPO process and the data behind he bids, head to StockX’s blog post here.

We Recommend
  • New Balance 878 sneaker.
    New Balance's Most Underrated Y2K Sneaker Is Back
    • Sneakers
  • new balance sale
    Score Classic Runners at Discount in the New Balance Sale
    • Sneakers
  • ssense sale
    Take up to 80% off Nike, New Balance & More Here
    • Style
  • new balance mcdonald's collab 2024
    These "Grimace" New Balance Sneakers Go Hard
    • Sneakers
  • new balance early access program
    Scoring New Balance Sneakers Just Got Easier (Well, Kind of)
    • Sneakers
  • Image on Highsnobiety
What To Read Next
  • new balance 2002R leather
    It Only Took Some Leather to Make New Balance's 2002Rs Look Even Better
    • Sneakers
  • Heaven by marc jacobs sandy liang collab 2024
    Sandy Liang's Heaven Collab Has Big Bow Energy
    • Style
  • Zendaya, Anya Taylor-Joy, Timothee Chalamet, Austin Butler on the Dune 2 red carpet
    Why the 'Dune 2' Red Carpet Outfits Feel so Vital
    • Style
  • dover street market adidas
    Dover Street Market's Sambas Are Quite Quiet
    • Sneakers
  • junya watanabe hoka fw24 collab
    Junya Watanabe's HOKA Mule Gives Link-Ups a New Meaning
    • Sneakers
  • PUMA x Pleasures campaign images
    PUMA and PLEASURES Are Bringing Punk to the Racetrack
    • Style
    • sponsored
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titel Media GmbH (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titel Media GmbH strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titel Media GmbH tests, remediates and maintains the Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.