Definition updated on November 2023

What is the concept of lowball in the sneaker resale industry?

In the dynamic sneaker industry, the term "lowball" refers to a pricing strategy in which a buyer proposes an exceptionally low price for a pair of sneakers, often well below their perceived market value. The objective of this tactic is to secure a favorable deal for the buyer, occasionally taking advantage of the seller's urgency or lack of knowledge. While lowballing can result in successful transactions on occasion, it is crucial to approach it with ethical considerations in order to uphold a harmonious trading environment. Sellers should exercise caution when faced with lowball offers, ensuring that fair value is maintained for both parties involved in this dynamic realm of sneaker exchanges.

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