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You
can move that, if you need more room, says Andy Drasiewski,
a 1986 School of Business graduate pointing to a pile of flattened
boxes, mailing labels, bubble wrap and packing tape cluttering one
corner of a netless ping-pong table. Thats just my shipping
department.
Lining
the basement walls of Drasiewskis home outside of Rockford
are steel shelving units holding scores of boxes bearing the names
of name-brand athletic shoes. Nestled on top of a stack of boxes
emblazoned with Nikes trademark swoosh is a digital
camera he uses to post photos of shoes on the Web for auction. It
doesnt immediately look like the kind of operation that could
push $2 million worth of used (no, vintage) shoes out the door in
its first three years of business.
But
Drasiewski is just as much an international businessman as anyone
on Wall Street; during the past five years the majority of his sales
have been to fashion-conscious Japan. Softness in Asian economies
has caused his company Small Earth to look to new markets: France,
Germany, Brazil, Australia. He also increased sales in the United
States. Still, demand has driven down prices almost 50 percent from
their high.
So
if youre a bargain hunter, consider pair of vintage high-top
metallic-gold lizard-pattern Nikes. A steal at $800. He also has
them in silver.
Or
maybe youd like some ostrich-print adidas basketball shoes,
black mid-80s Puma Beasts trimmed with short-nap orange leopard-print
fur, or red plaid canvas Converse low-tops with a Christmas jingle
bell attached to the back. Theres something for almost any
taste among the 5,000-odd pairs of shoes he has stored in the basement
and garage. I used to have two-and-a-half stalls, but now
Im down to about three quarters of a stall, Andy laments.
Sometimes I can get my Jeep in.
Unique Career Path
In
1994 Drasiewski was in a vintage clothing store in Grand Rapids
where he
re-sold clothes on consignment while also pursuing a career in computers.
Many of the outfits he started with were his own. I wore all
sorts of crazy things at Ferris. When I worked at the library I
was required to wear a tie so Id wear the widest, loudest
one I could find. Drasiewski explains, I had closets
full of stuff. A Japanese businessman came in the store looking
for old Nikes. After finding out how much the man would pay for
them, Drasiewski said hed find some.
Hes
been finding them ever since. The loss to computer systems technology
has been a gain for the world vintage shoe market. Its a market
driven by the whims of fashion, fad, popular culture and that always-intangible
element of cool.
Cornering the Market
Drasiewski
first began building his inventory through shoe buys.
He and his partner would rent hotel rooms and conference space,
take out an ad in the local paper, send press kits (complete with
battered shoe) to the media, and wait for people to bring in shoes
salvaged from the dark recesses of closets. The prices Drasiewski
paid kept people coming in.
Once
in Florida a guy came in with three styles I was looking for; I
paid him $780. I started with the next customer and the guys
still standing there, Drasiewski remembers. I asked
him if I could help him. He said, Arent you going to
try to sell me a time-share or something? I told him no. You
mean I get to keep this money? He was dumbfounded.
Not
just any old tennis shoe commands that kind of cash. In that first
shoe buy ad Drasiewski listed eight specific shoe models, including
Air Jordans from the 1980s and adidas basketball shoes made in France.
He
doesnt do many hotel shoe buys any more. One Friday afternoon
he got an e-mail from a non-profit organization in Portland, Ore.
Theyd seen his Web site (smallearth.com) and wanted to know
if he was interested in buying a few thousand pair of shoes Nike
had donated to them in the mid-80s. Drasiewski was there on
Monday morning when they opened and bought two thousand pairs of
shoes on the spot and a couple thousand more a few weeks later.
If the Shoe Fits
Buying
and selling vintage athletic shoes isnt a career for which
theres a set course of study, and yet the classes at Ferris
State University that trained Drasiewski to design computer systems
also prepared him to appraise and re-sell metallic-snakeskin adidas
high-tops. I was selling on the Web long before e-Bay was
around, Drasiewski notes. Small Earth continues to do most
of its selling on the Internet.
From
designing a business plan to talking to the media, the seemingly
simple process of re-selling old shoes actually requires a formidable
skill-set: marketing, public speaking, accounting, economics. The
economics program at Ferris was great. I especially got into studying
theories of supply and demand, Drasiewski remembers.
So
what kind of shoes does a guy who deals in vintage footwear favor
himself? I like first edition Air Jordans, especially in unusual
colors like white and metallic green. You look at those and wonder
why anyone would wear them. I love that.
Its
that love of the unique and authentic that keeps the vintage shoe
market afloat. Its also what propelled a student who wore
skirts and combat boots to marketing class to take the entrepreneurial
dream where no sneaker has gone before.
C&G
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