With sneakers slung around their shoulders and pockets full of cash, young boys huddle in hotel ballrooms and high school gyms, shouting and bartering as if they belong on a trading room floor, according to The New York Times.
In a flurry of transactions, John, who is only 13 years old, bought, sold or exchanged 20 pairs of designer basketball sneakers and walked away with seven, four more pairs than he started with. His collection’s retail value climbed to $1,155 from $340.
Teenagers who have grown up with eBay and the Internet have learned the art of trading up, sometimes earning a profit in the process, The Times reports.
See this story on finance.yahoo.com