From $160 to $6500…Our Top 5 Branded Products That Hold Value Well
Prices change, as do tastes, and marketplaces present themselves in order to allow the free trade of goods, whether they be rare one of a kind watches, precious artifacts, signed memorabilia; these goods have been traded for centuries.
So what’s changed in 2022? The answer is blockchain technology.
We now have scientific, data-driven and cryptographically-grounded methods by which we can verify the ownership and authenticity of goods instantly, as well as provide the framework for consumers to have near-perfect information to make decisions about the fair market value of said goods.
Good information & fair market value: scarcity meets blockchain distributed ledger
Blockchain has revolutionized how digital and physical assets are authenticated, valued and traded. It’s clear that taking rare items off the market increases their desirability and scarcity. Many factors affect the average appraised valuation of desirable items, namely popular media and contemporary culture, plus changing societal tastes and interests.
Whether it is luxury bags, rare portraiture, limited edition mint sneakers, or celebrity-signed sunglasses; these items will normally accrue in value over time, as they are limited resources governed by universal rules of supply and demand.
Using non-fungible tokens (NFTs) and layer-1 blockchain distributed ledger methodology, we can know the average price and global price valuation of any product, given it is listed on an NFT Marketplace such as LuxFi or others.
Examining upward price movement, with luxury products as an example
We’re able to quickly realize the accrual of value for various popular items over certain time periods by using global price movement information.
Some of the most popular products released this year give us insight into what drives up price and these items are instrumental in tracking the evolution and centrality of luxury goods blockchain marketplaces in the continuously-evolving global e-commerce landscape.
So with a concerted focus on the upward price development seen across the board for many popular products, it is clear that luxury item value accrual is sustained and magnified by increased access to price information provided by new blockchain platforms like LuxFi NFT Marketplace.
Some key examples of value accrual include:
- The Rolex Daytona watch originally sold for 12k USD and has gone up in value by over 230% and now sells for 40k USD on average.
- The Rolex Submariner watch originally sold for 9k USD and has gone up in value by 125% and now sells for 20k USD.
- The Hermès Birkin bag originally sold for 10k USD and has gone up in value by 50% and now sells for an average pricetag of 15k USD.
- The Special Edition Nike Air Jordan 1 High Chicago sneakers originally sold for 160 USD and have gone up in value by over 4,000% and now sell for 6.5k USD.
- The Special Edition KAWS Starwars Boba Fett collectible originally sold for 5k USD and now sells for 6k USD on average.
These examples serve as examples of how luxury products have the potential to rise in value in a sustained manner, validating them as sound investments for anyone looking to diversify their assets. Even more exciting is the new ability offered to consumers to track price, provenance and authenticity of their investments using Blockchain. The future framework for investing in luxury products investments has arrived.
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.
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