If you are low on cash and have designer shoes in good condition lying around, you could be in luck. When people buy designer shoes, they do not always realize that they may be holding on to valuable assets. Designer shoes that are in high demand can help you rack up a pretty nice chunk of change at the right pawn shops. While not all pawn shops accept designer shoes, some specialty pawn shops genuinely look forward to them walking through their doors.
Learn more about the potential wealth your designer shoes may have just waiting for you to discover.
Pawn Designer Shoes
Designer shoes that are in like-new to the never-worn condition and extremely rare or exclusive are what pawnshops are most interested in. Sneakers, high heels, and flats, and other types of footwear that are in the right condition and from the right designer can pack a lot of profit. However, it is important to thoroughly inspect designer shoes that you wish to pawn and find the ones with the least amount of wear and tear.
Carefully inspect your shoes for tears, cracks, stains, and other issues. You may be able to resolve some flaws with a damp cloth or the appropriate shoe cleaner and brush. Be cautious while making them as clean as possible without causing any damage, as that could result in a decrease in their selling value. You may even consider deodorizing them for good measure to get rid of any ‘personal’ smells. Even though you may have worn some of the shoes, they may still be decently valuable if they are in like-new condition and do not carry any offensive odors.
It is also important to remember that not all designer shoes make the cut. Before taking your shoes anywhere, a little research on the internet can go a long way. Look into high-end designer brands such as Jimmy Choo, Louboutin, and Nike. Check online with auction sites to see what value designer shoes that are in a similar condition to yours may hold. Researching reputable pawn shops that specialize in handling designer shoe deals is also recommended to ensure you get a fair deal on your designer kicks.
Also know that when you enter a pawn shop, you have the choice between pawning and selling. When you pawn, you ultimately use the pawnshop as a method of taking out a small loan and you have the opportunity to get them back later after the repayment agreement has been met. However, you can always sell them outright if you simply need money upfront and do not have an attachment to the pair you are selling.
If you have highly sought-after designer pairs that are in the original packaging and wrapping accompanied by the purchase receipt, it will make a huge difference in the value they hold. Not only will it help with proving authenticity but it is like a packaged deal. Things always seem better when they come in the original packaging. They keep the shoes protected and sneaker collectors know how important it is to protect those assets.
Valuable Shoe Brands
As previously mentioned, not all designer shoes are created equally. The value that designer shoes hold all depends on the brand, rarity and exclusivity of that particular pair. While a lot of shoes depreciate over time, some increase in value, especially if they are kept in excellent condition. If you are considering pawning your designer pairs, keep an eye out for these designer brands that are notably high in value right out the gate:
- Jimmy Choo
- Tory Burch
- Christian Louboutin
- Michael Kors
- Louis Vuitton
When deciding to purchase designer shoes, it could be in your favor to focus on purchasing brands that will rank high in resale value in the future. Consider popular designer-brand sneakers. Brands such as Nike and Jordan only manufacture and distribute certain editions of shoes in limited quantities. This makes those designer pairs low in supply and high in demand, making their value skyrocket. Shoes that are designed in collaboration with high-profile figures, such as famous athletes and artists, also boost public demand.
The phenomenon that supply and demand have on the shoe industry makes it a market worth investing in. If you know what to look for as far as deals are concerned and understand the key factors that make certain designer shoes valuable, you can ultimately collect an inventory worth thousands of dollars in resale.
Consider one of the most popular designer sneaker brands, Nike Air Jordans. Highly sought after from the Nike brand, rare and exclusive models of Air Jordans have scored people up to $120,000 in some resale cases. A pair of Louis Vuitton Kanye West designer sneakers, particularly in the grey and pink model, can get someone up to $30,000 due to their high demand and rarity. A partnership between Adidas, Chanel and rapper Pharrel Williams resulted in designer sneakers worth up to $13,995.
Older and valuable designer shoes can often be found for sale on Facebook groups, consignment stores, and thrift shops and can usually be found for a good price. If you have interest in buying new, purchasing shoes directly from brand websites and trusted authorized dealers is the best route to ensure authenticity.
It is determined that sneaker resale could turn into a $6 billion global industry by the year 2025. As designer brands learn new ways to target their consumers and maintain the hype of the products they create, the value of designer sneakers can continue to grow. As sustainability has become a popular focus for many, some brands are creating products that cater to this cause. Adidas planned to create the world’s first recyclable sneaker to introduce to the market.
It is not all just about the unique designs that designer brands come up with that make their shoes so popular. Life events that happened with high-profile figures also give designer sneaker companies an upper hand for taking advantage of exclusivity within their product lines.
For example, back when Michael Jordan played basketball, he completely disregarded the NBA’s 51% rule, which stated that sneakers worn had to be mostly white in color. In a rebellious move, he chose to sport a pair of red and black sneakers during a preseason game, giving Nike the right moment in time to come up with a bold design.
The brand later reissued the original Air Jordan 1s as the “banned” edition, making them valuable for their cultural power and fame. Much like any other sports memorabilia, the “banned” edition paid tribute to a moment in history that spoke to fans and consumers.
How Much Can You Pawn Shoes For?
The amount of money designer shoes will get you when you pawn them heavily rests on specific key factors. First, not all designer shoes are worth money. Not all pawn shops accept shoes as a worthy opportunity, so it is important to know which pawn shops specialize in such deals. A reputable pawn shop that accepts designer shoes will know what makes them valuable and what to offer you at a fair price because they will know for a fact that what you have is special.
When it comes down to the specifics of the shoes themselves, several details come into play. As mentioned before, researching and browsing ‘sold’ auctions will help you make some guesses on the value of your item. However, even the slightest variance in a shoe can make or break its highest value in an instant. It is always ideal to consider:
- The style number
- Year of production
- The edition (limited, exclusive, etc)
- Colors and designs of the shoes
- Designer Brand
Some pawnshops consider what the going value is for designer shoes that have the right specifications based on the original sales price. The broker will offer you a percentage of the going retail value that accounts for the condition of the shoes and any original packaging, while also cutting a deal to make a profit themselves. Remember that the designer shoes in almost mint condition will be worth more than those that look used. Additionally, if the shoes are extremely rare, exclusive, and in high demand, they will be more valuable than others.
Pawnshops may also vary in the amount of money they offer for certain deals, so it wouldn’t hurt to shop around and see where you could get the most out of your designer shoes. When you go to find a deal, keep in mind that an employee will ask you many questions to get a better idea of legitimacy and authenticity. Stolen goods and knock-offs are real issues that all pawn shops try to avoid.
Where Can I Sell My Shoes For Cash?
Pawnshops are one of the best places to sell your designer shoes if you are in a financial pinch. They are federal, state, and county-regulated businesses that enable customers to swap their valuables for cash quickly and easily.
There is an increasing number of pawnshops that specialize in dealing with designer shoes. As explained earlier, going to a reputable pawn shop that is knowledgeable in the designer shoe resale industry will get you the fairest deal possible. How do you know if a pawn shop is trustworthy? There are a few pieces of information to consider before making a deal to pawn your designer shoes:
- How many years has the pawnshop been in the pawning business? Look for a shop that has a long-standing history over one that has only been around for a couple of years.
- What kind of reviews and testimonials do they have? Research the pawnshop online to get an idea of the experiences previous customers have had with the shop in question. It may be a good idea to steer clear of any shops that do not have an abundance of reviews to look over.
- Does the shop provide the services that you need? If you have designer shoes to sell, but the shop is not familiar with dealing in designer shoes, keep looking.
- Can the pawnshop prove their experience and expertise? Reliable pawnshops will have a license, certification, and even an endorsement in some cases by reputable business organizations.
Keep in mind that at any pawn shop, it is important to keep a realistic idea of what you would like to get for your designer shoes. That is why initial research is a good idea.
If you and the pawnshop are not quite on the same level, negotiations can sometimes be made to determine the highest amount they would be willing to pay compared to the lowest amount you would be willing to take. In many cases, you and the pawnshop can meet in the middle so that both sides are happy with the deal. Know that reputable pawnshops will also treat their customers in a professional and respectful manner and will offer only fair prices. Avoid any shops that seem pushy when you are trying to make a deal with them.
Pawn Your Designer Shoes at The Vault Jewelry and Loan
If you are looking for a dependable pawn shop to sell your designer shoes, The Vault Jewelry and Loan in Northern Virginia is ready to help you! Our team of specially trained associates has decades of knowledge and expertise to give you a fair deal on your designer shoes and get you the cash you need fast. Our friendly and professional staff is ready to serve you.
When you come into our shop, we will carry out an appraisal to determine the value of your items based on condition and appearance, brand, model, and current demands. We will then give you a fair offer based on those key factors and leave room for negotiation. It is our goal to meet an agreement with each customer that will be mutually beneficial.
When you pawn or sell to us, we will not pressure you into making any deal. We offer free quotes, fair prices, and above all else, privacy. Licensed, bonded and insured, you can trust that you are in good hands when you make a deal with The Vault Jewelry and Loan. We offer quick cash loans for times when you run short on funds as well as the option to sell items outright. Some reasons why you may consider visiting us include:
- Running low on cash and can not get to the bank
- Unexpected expenses
- Obtaining a loan without impacting credit
- Unable to borrow money from a bank or lender due to poor credit
- Having a vast collection and wanting to make a quick, large profit
Not only do we accept designer shoe brands, but we also specialize in items such as:
- Precious Metals
We specialize in dealing with high-value luxury items and provide cash loans from $10 to $100,000 or more. If you need some money, bring your designer shoes to any one of our many locations or contact us to see what we can do for you today!