One of the hottest commodities in China right now is a pair of sneakers.

The SoleFly x Air Jordan 1 in black patent leather rocketed in value by 6,600% to a high of 75,999 yuan (R157,370) on the online marketplace Nice after its release in December. Only 223 pairs of Nike’s retro high-top were made for sale, according to online magazine Sneaker Files...

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