It is amazing that items like these go for so much money. In the past I thought it was rediculous. But it is actually economics 101 at work. Supply is fixed at 1 due to the uniqueness of the item. And demand is in this case high, very high.
It is amazing that items like these go for so much money. In the past I thought it was rediculous. But it is actually economics 101 at work. Supply is fixed at 1 due to the uniqueness of the item. And demand is in this case high, very high.
RE: A pair of basketball shoes from Michael Jordan auctioned for over $ 190,000