Montreal’s Nike bagel shoes could quadruple in price by spring: shoe collector
Posted January 24, 2023 4:21 pm.
Last Updated January 24, 2023 6:34 pm.
Montreal shoe collector Toddy Flores was hardly surprised to see the pandemonium that came with the release of Nike’s bagel shoes.
Neither is he shocked at the price Montrealers are willing to spend for a pair of the coveted shoes.
In fact the sneakerhead believes the “Dunk Low Montreal Bagel shoes” – the Montreal-inspired sesame-covered kicks – will only go up in value and cost.
“One week, a pair could be $300. Another, it could go to $500,” said Flores.
The shoes sell for $160 on the official Nike store but sold out quickly after the Jan. 17 release.
Pairs being sold on the secondary market were listed in the $200-$250 range.
READ: Coveted Montreal-inspired Nike bagel shoes selling for upwards of $200 on secondary market
“Some resellers grab a shoe or decide to buy a shoe and they’ll flip it right away for a profit because they don’t want to take a chance of it going down in value,” said Flores.
What is making the Bagel Dunks more expensive? Aside from the unique Montreal-inspired design and the iconic silhouette, a big reason for high resale price is the limited amount of the pairs that come with the special box.
“And a lot of people who collect sneakers look for these things,” said Flores. “They want to have all these cool things, whether it’s an accessory, whether it’s a limited pair only for a certain region. And so a lot of people look for those because they make less of them.”
Illustrated by Montreal artist Felipe Arriagada-Nunez, the box is exclusively sold in Canada.
“And a lot of people in the U.S. are actually really looking for this pair with the special box because the pairs that were released in the U.S. don’t have the special box,” said Flores.
And sometimes sneaker collecting can be really big business.
“If you look at an issue that has a city attribute or design, they have all gone up in value,” said Flores. “And some of them could actually reach up to $50,000-$100,000 for a city- or country-themed sneaker.”
Some examples are the 2003 Paris Dunk Lows that are now priced at $135,000 resale price and New York’s Pigeon Dunk Lows at $50,000.
“I think in the next month or so, especially come spring, where everyone wants to break out fresh new pairs of sneakers, I believe the shoe will probably go up to $450-$500, even $600 with the special box.
“As a sneakerhead, I’m really proud that we finally got a sneaker that represents Montreal. And the fact that it’s bagel inspired, it’s even better because I consider myself a foodie, but I also love bagels too, so it’s really cool.”
