What is it?
The patent pending SneakerEstimate shoe value is ProjectSneaker's estimated market value for a specific size and colorway for an authentic shoe in MINT condition, having never been worn, in the original packaging. It is to serve as a reference point, or price range, for the shoe in question and is purely an estimate of a shoe's value and is not an official appraisal. The SneakerEstimate is automatically computed every 24 hours based upon current and historical sale data gathered from thousands of trusted authentic sellers.
How does it work?
SneakerEstimate uses a proprietary formula to determine what a shoe is currently worth based upon many different factors including past sale prices for comparable shoes, current availability, past inventory fluctuations, rarity of model or size among many other factors. SneakerEstimate utilizes automated technologies to monitor thousands of trusted sellers and hundreds of authentic websites in order to record the price and sale data for all successful sales of authentic, new in box, perfect condition shoes. This allows us to provide an accurate current market value price range for our members to see, for nearly every shoe ever made.
SneakerEstimate Forecast & Trends
In addition to historical price data, SneakerEstimate also actively monitors the asking price for shoes that are currently listed for sale, but have not sold yet. This data is gathered from all major sneaker marketplaces and allows us to generate a 1 year forecast price estimate and show whether a shoe is trending up or trending down. SneakerEstimate determines the future trend forecast based upon the current inventory for sale, recent trends of sale prices decreasing or increasing, the average time it takes for a shoe to be sold at each price, or if a shoe remains unsold for a long period of time.