One thing about the NB ALD price point, I've spent 150-180 on Nike shoes and the quality has been terrible, I've spent more than that on NB shoes and never had an issue with New Balance quality. You get what you pay for.
Absolutely but it’s not all annoying. My Moms still telling stories of me cleaning shoes at age 10 is still cute & when I’m genuinely asked for help I don’t mind. The other day my Sister in Law was saying she can’t wear anything except runners and she was bummed, I was like, that’s the best genre to be “stuck” in spouting New Balance numbers & my fave 700 colors pointing down at my red Max 1 Anniversaries
Joe has all the elements of a superstar …. I want to see him take over the conversation when he has a take….. I just want to hear what he thinks unfilter. 👂
Is has never been about the recognition The feeling of your first shoe that you wanted for a long time would change your entire demeanor like you feel taller walking around Walking 🚶🏻♂️
Back in the day I resold to be able to cop a future sneaker I want with the profit made. Or sometimes double up on shoes with the profit. Even if some were $40-60 profit, it went towards my next personal shoe. And raffles weren’t as hectic to get into
Welty missed how this affects normal consumers. I’m not sure about zadeh’s volume but I think him buying large quantities of the same shoe on StockX very well could have artificially driven up resale prices causing normal consumers to overpay on the resale market.
New Balance gave me life 6 years ago after my knee surgery!!! I really should've never underestimated this shoe prior to my knee injury!! Now I know! I don't care about the trend & bandwagon that everyone is jock'n, I need to be able to walk! Shout out to @NewBalance & their great body dynamic when it comes to the foot, knee & back!!
Ponzi scheme vs pyramid scheme had welty on the ropes.....The new balance rant was all facts though. People need to understand that NBs are premium materials and not priced on hype.
We at ArtistBrand want to create a docu series on TH-cam that digs deep into the rabbit hole of the Sneaker/Reselling culture and how it went from being a niche and great environment into a toxic and larger than imagined environment. Complex sneakers podcast needs to narrate it😂😂
100% agree on the demographic of who you see as a reseller. Especially from seeing who's in the community 16-25 is really the spot. I also believe it's that age group due to fewer debts held at those ages. People at 18 are not generally strapped with a mortgage, and fewer people rightly are going to college (go to a trade school folks). So in their day-to-day, they can take a standard pay check and start turning it into something more.
Super happy this happened to resellers, this will slow down a lot of them and make people leave since now they don’t have that plug. I will never feel sorry for thieves
I’ve ordered off of Zadehkicks twice before he went down and got the shoes I ordered both times just a shame that he was running a business that eventually ended up underground and leaving people without their money, I buy sneakers to wear and collect and if I don’t end up liking a sneaker I sell it to put the money I make towards other shoes I want to purchase that “$65” I make off of a shoe sale goes towards my next pair I don’t sell sneakers to make a living I sell them to purchase rarer more sought after pairs
All my sneaker are for streetwear but i have a professional job and i hate wearing dress shoes. What sneakers are best to wear to the office ? Size 9-9.5
Really admired the work on them pink JFG NBs but the unintentional loyalty to Nike Adidas n late 90-early 2000s Reebok jus won't let me pull the trigger. Nothing against smaller and or recently established brands cause I own a few customs n asics, fila, diadora, etc but I've never been a NB guy. Always branded em as dad shoes n jus wasn't my style growing up as Ive copped what I like.
These guys are playing this Zadeh situation pretty close to the vest. Brendan def knows a whole lot hes not commenting on now until more facts come out
@@TytoPhodilus yes they took 4 months after drop date but always received, that why I wasn’t tripping cause it take months before I wear cause I have so many. 4 breds was my last shoes from him
speaking about Zadehkicks, I get that to the outside world of non resellers, this isn't a big deal. Kinda what Welty was saying. But for resellers and stores, this was a huge deal. And its easy to be apathetic to the reseller community for trusting this very obvious ponzi scheme but the truth of the matter is that Zadeh took advantage of largely young individuals who were attracted to the low prices. Regardless of who the victim is, its a messed up situation
What Matt describes about a tiered structure sounds more like a pyramid scheme than a ponzi zcheme. A ponzi scheme isn't strictly a tiered structure, it's linear over time. /IF/ Zadeh Kicks were a ponzi scheme, the idea would be that they use today's pre-order money to buy and ship the sneakers for yesterday's customers, knowing that yesterday's customers getting their shoes will build the hype needed for even more customers to place pre-orders tomorrow, which will actually go towards buying and shipping today's pre-orders. This is one way to sell shoes for less than you actually pay for them - as long as more customers put money in tomorrow, there's enough money in the system to cover today's orders. If less people buy in tomorrow, it all falls apart. It sounds like it could have played out like this, just stretched over months to help cover fluctuations, and they could have done this sudden liquidation because the customer base was no longer growing fast enough. I want to make it super clear I'm not accusing Zadeh Kicks of doing this, just that a sneaker ponzi scheme where sneakers are sold for under their market price could play out this way. An investment ponzi scheme is the same idea, but just cash in and out rather than exchanging it for sneakers. Sneakers are probably easier to pull off, because sneakers fluctuate in value, so you can play that to close the gap, whereas in the Bernie Madoff situation, $1 always equals $1 so the scheme is closer to the knife's edge.
@@slumpdpapiii8038 Yeah 💯 this is the part ponzi con artists don't like to think about when they're starting out - they may even really believe they aren't con artists and they just came up with a smart business model. But a big chunk of those 600 000 pre-order payments would have been needed to pay off the last few batches of pre-orders. So what's he going to do next time? Sell 6,000,000 pre-orders to finally buy the other 594 000 Cool Grey 11s? Then 6,000,000,000 to hook up the last few million customers? Same with most of these scams, it doesn't take long until the math outgrows reality.
Not everyone that bought from Zadeh are resellers. Many people have preordered a few thousand worth for personals because it felt like a better price than the pair(s) will resell for when they finally do drop.
Y’all on the money with those 4s koston wearing it has the wear testing text on the midsole prob won’t be that color way tho since they usually do all black shoes
NB have never been cheap. People get it twisted because they’re dad buys 608s from the outlet or kohl’s for $60. The real NB models have never been “cheap”
Alright, so I'll keep posting this on every episode in 2022 until eBay and Complex let overseas folks participate in the giveaway... If we can sell on eBay and pay fees, we should be able to participate.
The Zadeh conversation was handled very poorly. It's the title of the video and the lack of research and education on the topic is frustrating. You've got a large platform and the opportunity to really dive into the topic and shed light on what happened. You guys so confidently described what a Ponzi scheme is but were completely wrong. What you described is a Pyramid scheme, a big difference. Zero substance in this video, do better...
Oh my god it’s the end of life as we know it. People can Google it if they care that much. Also I doubt there’s a lot of people that care that much about the Zadeh situation.
@@LeFlurLeflaEshkoshka lol then why is it the title of the video? They don’t just come up with TH-cam titles for fun. They did it because it’s trending and they thought it would bring in views. If ur going to do that at least take the time to do ur research.
@@LeFlurLeflaEshkoshka I get that and understand. My biggest issue is the misinformation and confidently explaining something that you clearly didn’t even take 2 minutes to research. Mainly with the guy that wrongly described what a Ponzi scheme is. Just seemed lazy.
Joe H definitely was supplying Zadehkickz 10000% and once 2020 hit Joe said he needed to kick rocks as he was gonna make much more resellin on his own platform.
anyone have Aimé Leon Dore brown leather 991 at retail ? size 11 please. i have the grey suede pair coming in as i hit the raffle for one pair . trying to complete the set i been copping new balance and the $275 is nothing knew to serious new balance collectors. thanks in advance ✊️🙏
when it comes to Zadeh people forget stockx didnt exist before 2015. The earliest pre orders were 2010 and I met him on ebay in 2008. Most of these online sleuths are new bootys lol
The dude definitely deserves to be doxed he’s given his customers no answers I’m surprised people aren’t stealing his house and waiting for him to leave
It was fun sliding his cars around while he got free loans from all of you. Wish I had a scheme where I could be that careless with other peoples money… it’s especially funny when it’s a market with known absurd values and preorders that clearly aren’t a guarantee.
I love complex and respect all u guys but u don't have the info on zadeh!! Some of us couldn't get shoes so we got thru him for our personal shoes!! And we are not getting our money back!! I personally seen the writing on the wall and stopped dealing with him 8 months ago so my loss is under 1000 but it's not all resellers!! It was greed on alot of levels to say the least
![เขามัทรี - เอ็กซ์ ศุภกฤต - จอนนี่มิวสิค [ Official MV ]](http://i.ytimg.com/vi/AS9ufKuQIVs/mqdefault.jpg)
This podcast is just another reason to look forward to Fridays! And I’m running out of dope questions to send in. I’m gonna start reusing old ones lol
@Dustin Whiles respond bro 🔥🔥🔥
The fact that your questions must be dope and the winners' are usually 💩 makes me sad. Keep participating 🤞🏽
One thing about the NB ALD price point, I've spent 150-180 on Nike shoes and the quality has been terrible, I've spent more than that on NB shoes and never had an issue with New Balance quality. You get what you pay for.
This. New balance is always on point with quality. I have the grey pair in the mail.
Do you ever find it tiresome to be known as the sneakerhead amongst your friends or family?
nope, not living my life for them
Shoutout San Diego
Absolutely but it’s not all annoying. My Moms still telling stories of me cleaning shoes at age 10 is still cute & when I’m genuinely asked for help I don’t mind. The other day my Sister in Law was saying she can’t wear anything except runners and she was bummed, I was like, that’s the best genre to be “stuck” in spouting New Balance numbers & my fave 700 colors pointing down at my red Max 1 Anniversaries
They use to tease that it was dumb…. Now they ask how much are worth
The answer is always the same….
Is something I enjoy…👟
I hit like as the intro was playing. It's always a great conversation with these guys, never disappoint.
Joe has all the elements of a superstar ….
I want to see him take over the conversation when he has a take…..
I just want to hear what he thinks unfilter.
👂
Is has never been about the recognition
The feeling of your first shoe that you wanted for a long time would change your entire demeanor like you feel taller walking around
Walking 🚶🏻♂️
Back in the day I resold to be able to cop a future sneaker I want with the profit made. Or sometimes double up on shoes with the profit. Even if some were $40-60 profit, it went towards my next personal shoe. And raffles weren’t as hectic to get into
35:29 “ yeah but it’s Joe LaPuma “
That smirk joe gives after 🤣🤣
Welty missed how this affects normal consumers. I’m not sure about zadeh’s volume but I think him buying large quantities of the same shoe on StockX very well could have artificially driven up resale prices causing normal consumers to overpay on the resale market.
100%
New Balance gave me life 6 years ago after my knee surgery!!! I really should've never underestimated this shoe prior to my knee injury!! Now I know! I don't care about the trend & bandwagon that everyone is jock'n, I need to be able to walk! Shout out to @NewBalance & their great body dynamic when it comes to the foot, knee & back!!
“Yellow shoes aren’t good” shame on you Brendan, that’s the same thing Nike tried to tell the Habibis at Carpet
Ponzi scheme vs pyramid scheme had welty on the ropes.....The new balance rant was all facts though. People need to understand that NBs are premium materials and not priced on hype.
Sadly they are not the audience for the Travis shoes … they are old old … the shoes are for 13-23 year olds and his fans
25 mins in and just now realizing the calves are out...its summer baby
Animated short coming for sneaker parties. Joe saying mini glizzies 😂
Solid episode guys, we appreciate ya!
I like how brendan and joe subtly throw shade at matt and he's mostly unaware what's going on 🤣
This podcast has a perfect balance. Keep going guys!
To be fair I'd never ask Welty for style advice
Kudos to the gang for criticizing the ad copy on the new Tom Sachs shoe - the most annoying copy I’ve read in a while!
We at ArtistBrand want to create a docu series on TH-cam that digs deep into the rabbit hole of the Sneaker/Reselling culture and how it went from being a niche and great environment into a toxic and larger than imagined environment. Complex sneakers podcast needs to narrate it😂😂
Y’all have been killing it recently get teddy santis on the show
We need Arthur on the pod. Great show today 💪
100% agree on the demographic of who you see as a reseller. Especially from seeing who's in the community 16-25 is really the spot. I also believe it's that age group due to fewer debts held at those ages. People at 18 are not generally strapped with a mortgage, and fewer people rightly are going to college (go to a trade school folks). So in their day-to-day, they can take a standard pay check and start turning it into something more.
Super happy this happened to resellers, this will slow down a lot of them and make people leave since now they don’t have that plug. I will never feel sorry for thieves
Loving the Elevation Worship shirt!!
Stray Rats 991 been a shoe eluding me for a year now lol
waited too long my friend lol
I’ve ordered off of Zadehkicks twice before he went down and got the shoes I ordered both times just a shame that he was running a business that eventually ended up underground and leaving people without their money, I buy sneakers to wear and collect and if I don’t end up liking a sneaker I sell it to put the money I make towards other shoes I want to purchase that “$65” I make off of a shoe sale goes towards my next pair I don’t sell sneakers to make a living I sell them to purchase rarer more sought after pairs
"I'd love to go to his studio.." yeesh Joe I guess hind sight is 20:20 lol man to be a fly on the wall of those design sessions
WELTY WITH THE ELEVATION MERCH
31:39 Welty is spitting facts
Another sad day of Welty not wearing a SUPREME ™ 5 PANEL with SB LOBSTERS 😔
It is pretty funny hearing people complain about NB made Prices. Welty was spittin
All my sneaker are for streetwear but i have a professional job and i hate wearing dress shoes. What sneakers are best to wear to the office ?
Size 9-9.5
😅 My face when I paid just over $300 (tax + shipping) for the ALD grey pair.
😥 My face when I paid just under $220 (taxed) for the Military Black 4’s.
This episode was a great one 🤘🏻🤘🏻🤘🏻
I have the stray rats too and haven’t seen anyone wear them, I really love that shoe
I’ve waiting for my Trainer 1’s to show up today and eBay says they have been delivered but they haven’t. They better show up
Really admired the work on them pink JFG NBs but the unintentional loyalty to Nike Adidas n late 90-early 2000s Reebok jus won't let me pull the trigger. Nothing against smaller and or recently established brands cause I own a few customs n asics, fila, diadora, etc but I've never been a NB guy. Always branded em as dad shoes n jus wasn't my style growing up as Ive copped what I like.
These guys are playing this Zadeh situation pretty close to the vest. Brendan def knows a whole lot hes not commenting on now until more facts come out
Zadeh Kicks was my go to for shoes I really wanted and knew I wouldn’t get cause of SNKRS and bots
did you pairs ever get delivered tho?
@@TytoPhodilus yes they took 4 months after drop date but always received, that why I wasn’t tripping cause it take months before I wear cause I have so many. 4 breds was my last shoes from him
speaking about Zadehkicks, I get that to the outside world of non resellers, this isn't a big deal. Kinda what Welty was saying. But for resellers and stores, this was a huge deal. And its easy to be apathetic to the reseller community for trusting this very obvious ponzi scheme but the truth of the matter is that Zadeh took advantage of largely young individuals who were attracted to the low prices. Regardless of who the victim is, its a messed up situation
What Matt describes about a tiered structure sounds more like a pyramid scheme than a ponzi zcheme. A ponzi scheme isn't strictly a tiered structure, it's linear over time.
/IF/ Zadeh Kicks were a ponzi scheme, the idea would be that they use today's pre-order money to buy and ship the sneakers for yesterday's customers, knowing that yesterday's customers getting their shoes will build the hype needed for even more customers to place pre-orders tomorrow, which will actually go towards buying and shipping today's pre-orders.
This is one way to sell shoes for less than you actually pay for them - as long as more customers put money in tomorrow, there's enough money in the system to cover today's orders. If less people buy in tomorrow, it all falls apart. It sounds like it could have played out like this, just stretched over months to help cover fluctuations, and they could have done this sudden liquidation because the customer base was no longer growing fast enough.
I want to make it super clear I'm not accusing Zadeh Kicks of doing this, just that a sneaker ponzi scheme where sneakers are sold for under their market price could play out this way.
An investment ponzi scheme is the same idea, but just cash in and out rather than exchanging it for sneakers. Sneakers are probably easier to pull off, because sneakers fluctuate in value, so you can play that to close the gap, whereas in the Bernie Madoff situation, $1 always equals $1 so the scheme is closer to the knife's edge.
He def took pre order money for 600,000 pairs of cool Grey 11s and only was able to get like 6000 pairs so that seems pretty ponzishhhh to me...
@@slumpdpapiii8038 Yeah 💯 this is the part ponzi con artists don't like to think about when they're starting out - they may even really believe they aren't con artists and they just came up with a smart business model.
But a big chunk of those 600 000 pre-order payments would have been needed to pay off the last few batches of pre-orders. So what's he going to do next time? Sell 6,000,000 pre-orders to finally buy the other 594 000 Cool Grey 11s? Then 6,000,000,000 to hook up the last few million customers?
Same with most of these scams, it doesn't take long until the math outgrows reality.
im the new new balance guy they were talking about .. but i wear a 15 so its hard to get exclusives any way ...
Brendan lovesss those dunks lol, love it.
Not everyone that bought from Zadeh are resellers. Many people have preordered a few thousand worth for personals because it felt like a better price than the pair(s) will resell for when they finally do drop.
Made my Friday!:)
Good one, thank you!
Yaaaaa NB gang. Them made inUK’s always been expensive certain NB’s start at 190
would make perfect sense and be an incredible nod to Virgil if more released in November
Y’all on the money with those 4s koston wearing it has the wear testing text on the midsole prob won’t be that color way tho since they usually do all black shoes
We're gonna need to know where JLP's hoodie is from... I need to pick that UP!
I can only say that I agree with everything Welty said on the Zadeh situation
NB have never been cheap. People get it twisted because they’re dad buys 608s from the outlet or kohl’s for $60. The real NB models have never been “cheap”
First time watching. Who produced the intro music? It's 🔥🔥🔥.
Actually is a 300 dollars sneaker for us in the New York area- but happy with there purchase!!
Just release the 2.5 or restock the 2.0 of the mars yards. They are a beautiful and simple shoe.
Alright, so I'll keep posting this on every episode in 2022 until eBay and Complex let overseas folks participate in the giveaway... If we can sell on eBay and pay fees, we should be able to participate.
Welty is in his hoochie daddy shorts
I love the editing the shoe they are talking about, great touch to the podcast.
Rich rojas is my boy. Zedah was below retail. If you paid through paypal you were ok
I know it’s a couple days late but let’s get more pro skaters on this show and sneaker shopping
Love the show but u guys should talk closer to the mike tho. Sometimes is hard to heard JLP or Dunne.
I feel like the general purpose shoe is kinda over correcting after Nike came out with the overshoe.
The Zadeh conversation was handled very poorly. It's the title of the video and the lack of research and education on the topic is frustrating. You've got a large platform and the opportunity to really dive into the topic and shed light on what happened. You guys so confidently described what a Ponzi scheme is but were completely wrong. What you described is a Pyramid scheme, a big difference. Zero substance in this video, do better...
Oh my god it’s the end of life as we know it. People can Google it if they care that much. Also I doubt there’s a lot of people that care that much about the Zadeh situation.
@@LeFlurLeflaEshkoshka lol then why is it the title of the video? They don’t just come up with TH-cam titles for fun. They did it because it’s trending and they thought it would bring in views. If ur going to do that at least take the time to do ur research.
@@Grandhustler007 I get that, but are you new to the pod? This is just 3 guys talking about sneaker related topics, they’re not a news channel.
@@LeFlurLeflaEshkoshka I get that and understand. My biggest issue is the misinformation and confidently explaining something that you clearly didn’t even take 2 minutes to research. Mainly with the guy that wrongly described what a Ponzi scheme is. Just seemed lazy.
You seem like u lost money to zadeh 😂
the fire sale was really due to a fire. I bought some pairs from that sale and some had some ash on the sole but it was fine.
This whole zadehkickz crash has the market dropping down heavy also.
Brendun had an early pause moment less than 2mins in 😂
Joe H definitely was supplying Zadehkickz 10000% and once 2020 hit Joe said he needed to kick rocks as he was gonna make much more resellin on his own platform.
ah yes, my favorite segment: 1.
Onisuka Tiger’s are the GOAT yellow sneakers
Aw man I love Neckface, too bad dunks are impossible to get
anyone have Aimé Leon Dore brown leather 991 at retail ? size 11 please. i have the grey suede pair coming in as i hit the raffle for one pair . trying to complete the set i been copping new balance and the $275 is nothing knew to serious new balance collectors. thanks in advance ✊️🙏
Tom Sachs on the podcast soon ???
The “Za” in Zadeh is pronounced like “Fa” in Father ✌🏽it’s originally a Persian (Farsi) last name if I’m not mistaken
Love seeing the Elevation Worship shirt on Welty ☺️
when it comes to Zadeh people forget stockx didnt exist before 2015. The earliest pre orders were 2010 and I met him on ebay in 2008. Most of these online sleuths are new bootys lol
I grabbed the 991s 275 is high but I would have paid resale anyways
What is the best NY themed sneaker?
Easy come easy go
Thank God the purple lobsters aren’t everybody’s favorite.
No…..people think New Balances in the US are 2 for $59 bc of Finishline. That’s all people know
I hope all resellers doesn’t get to see a single cloud of the heavens
So Welty really doesn't understand what a ponzi scheme is. Lol
That Tom Sachs shoes so looking like eS SLB 97
The nike tome sachs will be the new 550
I wish there was a worst take for Brendan saying yellow shoes are bad haha
“Success is not final, failure is not fatal: it is the courage to continue that counts.”
- Winston Churchill
Joe is looking handsome as ever
Anyone hear word on the F&F colorway goin out wit the orange lobsters
I'm disappointed that the one that stans Persian food got the Persian last name of Zadeh wrong, c'mon Brendan 😔
991 retail is over $250 without the collab..
How do your parents feel about you having a career in the sneaker industry vs being a doctor, lawyer, etc...
brendan definitely the type of guy to charge his friends and family and consultancy fee for a sneaker recommendation haha
NB are like dad shoes from the 90s
The dude definitely deserves to be doxed he’s given his customers no answers I’m surprised people aren’t stealing his house and waiting for him to leave
They are...
People def been showing up to his house and warehouse....
Zedah had millions in orders in
It was fun sliding his cars around while he got free loans from all of you. Wish I had a scheme where I could be that careless with other peoples money… it’s especially funny when it’s a market with known absurd values and preorders that clearly aren’t a guarantee.
I love complex and respect all u guys but u don't have the info on zadeh!! Some of us couldn't get shoes so we got thru him for our personal shoes!! And we are not getting our money back!! I personally seen the writing on the wall and stopped dealing with him 8 months ago so my loss is under 1000 but it's not all resellers!! It was greed on alot of levels to say the least
Instead of winning sneakers I’d take a kebab dinner with pg and you guys 😂