Harlem Teen Launches Pawn Shop For High-End Sneakers
16-year-old entrepreneur creates a new market for $15,000 footwear.
Sneakers might seem like nothing more than casual footwear to some people, but for others they are collectors items that can be worth thousands of dollars. Well aware of this fact, one 16-year-old New Yorker, Chase “Sneakers” Reed, decided to set up a pawn shop exclusively for sneakers. Funded with his own collection of shoes worth a significant five-figure sum, the the idea has already caught on with other teens whose preferred investment vehicle is limited-edition footwear.
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