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STOCKX

WHAT IS STOCKX?

Dubbed the world’s first “Stock Market of Things,” StockX has quickly become streetwear’s favorite online marketplace for the buying and selling of streetwear, trading cards, collectibles, designer handbags, clothing, and everything in between. Brands like Adidas, Yeezy, Jordan, Supreme, Teflar, Nvidia, and BAPE are longstanding staples of the marketplace.

HOW DOES STOCKX WORK?

In the StockX ecosystem, you are either a buyer or seller. As a live marketplace, the retailer operates similarly to the stock market — the current market demand determines the price of the products featured on the site. StockX does not determine the price. Shoppers are able to bid and buy items at real-time prices. As an individual or business, you can sell products on StockX.

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CAN YOU TRUST STOCKX?

Products are bought and sold all over the world. Every item sold goes through our proprietary multi-step verification process with our team of expert authenticators.

HOW DOES STOCKX ENSURE THE AUTHENTICITY OF THEIR PRODUCTS?

Answer: StockX employs a meticulous authentication process to guarantee the authenticity of products sold on its platform. Upon arrival at StockX's authentication centers, trained experts meticulously inspect and verify every item to ensure its legitimacy. They scrutinize various aspects, including the materials used, stitching, labeling, and overall quality. Furthermore, StockX has built strong partnerships with manufacturers and authorized retailers to obtain direct access to authentic products. The company also leverages its extensive database of historical sales and market trends to identify potential counterfeit items. With these comprehensive measures in place, StockX strives to provide its users with a secure and reliable marketplace for purchasing genuine products.

HOW HAS STOCKX TRANSFORMED THE SNEAKER AND STREETWEAR RESALE MARKET?

StockX has revolutionized the sneaker and streetwear resale market by introducing a transparent and efficient platform for buyers and sellers. Traditionally, the resale market was rife with uncertainties regarding authenticity, pricing, and trustworthiness. However, StockX's bid/ask model, inspired by stock markets, has brought stability and structure to this industry. By creating a marketplace where sellers set asks and buyers place bids, StockX has established a fair and competitive environment. Moreover, their rigorous authentication process eliminates the risk of counterfeit products, giving consumers confidence in their purchases. This transformation has attracted a wider audience to the resale market, contributing to its growth and providing sneaker and streetwear enthusiasts with a reliable avenue to access coveted items.

WHAT ARE THE BENEFITS OF USING STOCKX FOR BUYING AND SELLING RARE SNEAKERS AND STREETWEAR?

StockX has become a popular platform for buying and selling rare sneakers and streetwear, offering several benefits for both buyers and sellers. One of the main advantages of using StockX is the ability to access a global marketplace of rare and hard-to-find products. The platform allows buyers to browse and purchase items from sellers around the world, increasing the chances of finding the exact item they are looking for.

For sellers, StockX provides a secure and reliable platform for selling rare and valuable items. The platform's authentication process ensures that buyers can trust the authenticity of the products they purchase, while the bidding system allows sellers to receive the best possible price for their items. Additionally, StockX handles the shipping and payment processes, making it easy and hassle-free for sellers to complete transactions.

Another benefit of using StockX is the ability to track market trends and historical sales data, providing insights into the value and demand for specific products. This information can be useful for both buyers and sellers, allowing them to make informed decisions about buying or selling items on the platform.

IS STOCKX LEGIT AND TRUSTWORTHY?

Yes, StockX is widely regarded as a legitimate and trustworthy platform for buying and selling authentic products. The company has established a strong reputation within the sneaker and streetwear communities, as well as in other product categories it has expanded into.

One of the key factors contributing to StockX's trustworthiness is its robust authentication process. StockX employs a team of experts who thoroughly inspect and verify the authenticity of every item sold on the platform. This process helps ensure that buyers can have confidence in the authenticity of the products they purchase.

StockX also provides a level of buyer protection. In the event that a buyer receives a counterfeit or inauthentic item, StockX offers a full refund and holds sellers accountable for selling fraudulent products. This commitment to authenticity and buyer protection has helped build trust among users of the platform.

Furthermore, StockX has garnered significant investments from reputable investors, such as Google Ventures, DST Global, and Eminem, which adds to its credibility and financial backing.

While no platform is entirely free from occasional issues, StockX has taken steps to address any concerns and continuously improve its services. Overall, StockX has proven itself to be a legitimate and trusted marketplace for buyers and sellers seeking authentic and sought-after products.

ARE STOCKX PRICES FAIR AND COMPETITIVE?

sneaker and streetwear resale market. However, it's important to note that prices on StockX are determined by supply and demand dynamics, which can lead to fluctuations and occasional premium pricing for highly sought-after or limited-edition items.

StockX operates on a bid/ask model, similar to a stock market, where buyers place bids and sellers place asks. When a bid matches an ask, a transaction occurs. This system allows for market-driven pricing and reflects the perceived value of the items based on current demand.

While some items may be priced higher on StockX compared to their original retail prices, it's often because they have become harder to find or are in high demand. StockX provides a platform where buyers can access a global marketplace of products, expanding their options and increasing the chances of finding specific items they desire.

It's worth mentioning that buyers and sellers on StockX have the ability to monitor historical sales data and track market trends for specific products. This information can help users make informed decisions about pricing and understand the market value of the items they are interested in.

Ultimately, whether StockX prices are considered fair and competitive depends on individual perspectives and personal valuation of the items. It's advisable for buyers to do their research, compare prices across different platforms, and make informed decisions based on their budget and desired level of exclusivity or rarity.

2016

StockX launches on February 8th, becoming the world’s first “Stock Market of Things.” In its first year, StockX secures a handful of big-name partnerships, including the likes of Jay Z and Roc-A-Fella Records.

2017

StockX launches its first “StockX Day” and expands its operations out West to Temple, Arizona. The online marketplace starts offering streetwear.

2018

StockX launched Series B Funding and took its first step onto the global stage, opening up an office and authentication center in London.

2019

Founder Josh Luber explains how he made sneaker authenticating a real career path.

Thanks to $110 million in funding from investment firms DST Global, General Atlantic, and GGV Capital, StockX is now valued at over $1 billion, surpassing a $1 billion annual GMV run rate in less than three years.

In another reminder of how insanely big the sneaker resale market has become, StockX has announced the appointment of its first-ever Chief Financial Officer. John Kaelle comes to the company after serving as the CFO of both Mesophere and Marin Software.

StockX announced that it’s opening its first permanent physical store later this year. The brick-and-mortar StockX location will be in New York at 237 Lafayette Street and follows a series of “drop-off” pop-up locations in New York, Los Angeles, and London.

2020

StockX announces Series E funding round that has raised $275 million, valuing the resale platform at an astounding $2.8 billion. The total funds raised now amount to $490 million.

StockX remains open during COVID-19 because the resell market is still strong.

Josh Luber leaves StockX. The former CEO posted a thank you message on Instagram moments before Business of Fashion confirmed the news.

2021

Collectibles and rare electronics have become a staple in the StockX marketplace. Amid its massive rise in popularity, Chrome Hearts resale is booming on StockX.

2022

You can now buy and sell NFTs on StockX. The move is not surprising, considering StockX has been at the forefront of the resale business since its inception and is always looking for new categories to add to its existing portfolio. However, Nike is not too happy about that decision. 

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