In the great debate of new vs old, it would make sense that Cop the Drop is a firm advocate of newness. But new doesn't always have to be radical to leave an impactful. Take for example Japanese label, WTAPS and American footwear steward, New Balance—both share a similar focus on creating quality, well-made products with a strong narrative. They focus on what they do well and seek subtle evolution, rather than a complete revolution.
With that in mind, we will be breaking down their latest collaborative effort, the WTAPS x New Balance 992.
Commodity: WTAPS x New Balance 992.
On the surface, the collaboration looks like a straightforward infusion of WTAPS's iconic military-inspired colourway into the New Balance 992 silhouette. The collaborative sneakers see a predominately olive green colourway with hints of earth, white and grey tones, with an upper that features suede, nubuck and mesh, on top of a white and olive two-toned midsole. The sneaker is rounded out with neon orange in the forefoot, as well as WTAPS logos on the heel as well on the footbed.
But the beauty of the sneaker is that it grows on you. It might not blow you away at first, but there is a certain appeal to the beautiful harmony of the 992 silhouette and the little details that went into its creation. First up, props must be given to the 992, a model that is favoured by the legendary architect behind Apple, Steve Jobs. It slightly elevates itself from the dad sneaker ethos, without going into technical runner territory. Then there is also the brilliant touch of WTAPS's Tetsu Nishiyama, who infused the pebbled leather of his personal favourite, the New Balance 998 into 992.
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2006年にNew Balanceの100周年を記念するモデルとして誕生したM992。 2020年に復刻し、始まったそのM992シリーズの一つを、WTAPSとのコラボレーションで実現しました。 Made in USAならではの表情を携えたM992が、WTAPSのアイディアと融合した今回のコラボレーション。 New Balanceならではのハイスペックな構造とWTAPSの個性を、この一足から感じ取って頂けたらと思います。 ——————- The M992, a silhouette that was first introduced in 2006 to commemorate the 100th Anniversary of New Balance. As part of the first reissue series since the original release, in 2020, this collaboration was created. A model with a strong sense of Made in USA character and the high spec construction characteristic to New Balance, fused with the design essence of WTAPS. #wtaps #wtvua #wtaps_40 #wtaps_newbalance #newbalance #newbalance_992
It is easy to dismiss the final product as a simple colourway change, but when you watch the interview and see all the different small panels that were carefully considered and placed together to build this wonderful tapestry, it makes you appreciate all the work and care that went into the creation of the sneaker. The long and short of it is that the sneaker will definitely appeal to those are into the military subculture, but also to the much wider casual sneaker fan base who didn't know they wanted.
Where: Dover Street Market Singapore / Surrender Store
Price of the Supreme x Takashi Murakami box-logo T-shirt on the resale market in the last 7 days: as of 30th of April, only one pair has been sold on StockX for SGD1,120.
Recommendation: Go long
If there was a Japanese equivalent of Supreme, it would be WTAPS. We don't mean that in terms of scale (partly because of the brand reluctance to show its wares outside of Japan), but the fervour of their fan base—both brands have snaking lines that rival each other on drop day. Their similarities also extend to how they both have core items have hold their value well on the secondary market. We foresee the sneaker holding its value well over time, similar to the WTAPS army jackets. That timelessness of the sneaker ensures that it will always be a banger.
In the world of streetwear, there are few items that are as highly regarded as the Supreme box-logo tee. It is an icon for the American skatewear brand, top in flex culture and the crowning jewel of most of their collaborations. This converted piece of garment from Supreme's seasonal drops is for those who want to flex their cultural currency without putting in any of the work. You know them. They are the ones who also cop those obnoxiously large logo-belts of luxury fashion houses like Louis Vuitton, Gucci and Hermès.
Before you call me a hater, I delivered that statement with begrudging respect; after all, any house that has elevated its logo into something that's considered as 'simple ubiquity' deserves respect. With that in mind, we dive into the Supreme's latest box-logo T-shirt, created in collaboration with renowned pop artist, Takashi Murakami.
Commodity: Supreme x Takashi Murakami box-logo T-shirt
Before you call this another cash-grabbing exercise by Supreme (has that ever stopped you from purchasing a box-logo T-shirt at retail tho?), the Supreme x Takashi Murakami collaboration is created to help fund Covid-19 relief efforts. Only available online on US and Canada Supreme sites, 100% of the proceeds will go to Help USA's Emergency Relief Services to meet the urgent needs of homeless and low-income families across the sates.
This is not the first time that Supreme and Murakami have teamed up for a collaboration. Previously, they created a series of skate decks together, but this marks the first time they are entering the realm of garments. The T-shirt will feature an original work from Murakami in the style of the Supreme box-logo, and 'Covid-19 relief fund 2020' on the back.
When: 24th of April
How: Add to cart
Price of the Supreme x Takashi Murakami box-logo T-shirt on the resale market in the last 7 days: without any early leaks, there are currently no transitions on the secondary market as of 22nd of April.
Recommendation: go long
When it comes to putting a spin on the Supreme box-logo T-shirt, there is only so much you can do with it. Past projects resulted in pieces like the original box-logo, the 20th-anniversary edition, the Louis Vuitton edition, and the New York Yankees edition. Some of these hold their value well over time with a slight appreciation, but most see a depreciation of their value.
For the Murakami edition, his will fall in the former camp. A t-shirt from Murakami's collaboration with Off-White saw a climb in its value months after its release. And given Murakami's cache was an artist, especially one with such cultural clout, tends to be profitable for the seller. We see this as a piece worth copping, and we recommend keeping it on ice until the value rises significantly. We only lament that the rise of its value on the secondary market, would not be translated into more money being donated to the Covid-19 relief fund.
There are two things that the Japanese have given us to get us through these extraordinary times: first, the idea of Hikikomori, or adults who withdraw from society and seek extreme degrees of isolation and confinement and; second, the Nintendo Switch. Seeing that Cop the Drop focuses on products more than a way of life, we will be breaking down the Nintendo Switch, and the surprisingly hot demand for it.
Commodity: Nintendo Switch
The Nintendo Switch is the eighth generation gaming console developed by the legendary Japanese game company, built to compete with the likes of the PS4 and the Xbox One. Where it separates itself is that it was designed to be both a home console gaming platform, as well as a portable one—in plain speak, it means you can plug it to your TV and enjoy it like a traditional gaming system or take it with wherever you go.
But the Switch has been around for a while (it was launched in 2017 to be exact), and it is not exactly a new product. But why is it experiencing a huge surge in popularity that Nintendo cannot keep with up with the production? With most parts of the world implementing a lockdown, more of us are looking towards games as a way of distracting ourselves from the negative news cycle. Local game retailer, Qisahn is reporting an increase of 30% in revenue, while other local online shopping platforms like Carousell and Lazada have both seen massive surges in interest and sales in the gaming sector.
But the games are more than just another form of distraction, it is also a means for us to stay connected with friends and family from around the world. Even with the public's renewed interest in gaming, the Switch is separating itself from the pack. It boils down to the core ethos of what Switch is built on: dynamic gaming experiences, maximising both online and offline co-playing functions, a massive library of games that is deeply engaging on multiple levels.
Take for example the recently released, Animal Crossing: New Horizons, a life-simulation game that provides a form of escapism from our current bleak reality. Or the Ring Fit Adventure, an exercising action role-playing game that melds the seriousness of the classic role-playing game with the levity of classic Nintendo cuteness with a serious workout. And that is just two examples. There's also other game of the year titles like Witcher 3, The Legend of Zelda: Breath of the Wild and Super Smash Bros. to name a few.
The Nintendo Switch might not have the awe-inspiring graphics of its gaming cousins like the PS4 and Xbox One, but when it comes to pure fun both alone and with your community of gamer pals, there is nothing that delivers quite like the Switch.
When: out since 2017
How: Add to cart
Price of the Nintendo Switch on the resale market in the last 7 days: peaking at SGD900 with lows of SGD680 The average retail price is SGD780.
Recommendation: If you love money more than fun and sanity, short it. If not keep it for yourself.
If you are a seller, there is no better time to move your Nintendo Switch; the coupling of both a slower production cycle from Nintendo as well as the increase in demand, it makes a very lucrative commodity now. Seeing that most of us would have purchased the console in the range of SGD350-450, for a profile of close to 100% to 120% of the original price you paid for, short it.
But that being said, if you are only looking to liquidate your assets to sort out cash flow issues, we recommend holding on it. We can use all some levity in the world right now.
If you are in the market to purchase, this is the worst time to make the purchase, both on official retail sites and on the secondary market. The alternative of the PS4 and the new Final Fantasy VII Remake will work just as well.
You've heard the saying: if a tree falls in a forest and no one is around to hear it, does it make a sound? Similarly, if there was a hyped sneaker being released, but we are all on home quarantine and unable to flex it, does it still have value? This week we tackle the Stüssy’s Nike Air Zoom Spiridon Caged 2, and how COVID-19 will affect the value of streetwear commodities on the secondary market.
Commodity: Stüssy x Nike Air Zoom Spiridon Caged 2
If you are not familiar with the Nike Air Zoom Spiridon Caged 2, here is a short history lesson for you. The sneaker made its debut in 2003, created by legendary sneaker designer, Steven Smith. You may know Smith as the person who designed other iconic sneakers such as the Instapump Fury, Nike Zoom Spectrum Plus, New Balance 1500, as well as serving as the design director of the Yeezy sneaker line.
The Nike Air Zoom Spiridon Caged 2, which was created for the Japanese market, had a global appeal as an innovative running sneaker, and as a budding streetwear staple in the early noughties. Fast forward to the year 2020, the Nike Air Zoom Spiridon Caged 2 is still as relevant as it was in 2003—much of it can be attributed to its timeless design, the market's recent infatuation with chunky technical running sneakers, and above all, melding form and function.
While most collaborations are an excuse for cross-promotion, Stüssy's take on the Nike Air Zoom Spiridon Caged 2 gives the sneaker a modern colourway to reintroduce the sneaker back into the streetwear consciousness. The capsule collection includes two colourways as well as a tote bag and some ready-to-wear pieces.
Back to the topic on hand, the 'Pure Platinum' colourway is made with the original materials, ideal for those looking for a modern rendition of OG pairs. But the ones that we will be talking about today is the 'Fossil' colourway which features an addition of a hemp-like panelling detailing which adds a nice touch to the monochromatic colourway. Also, the 'Fossil' colourway is approved by Steven Smith; co-signs do not get better than this.
When: 3 April 2020
How: Add to cart
Price of the Stüssy x Nike Air Zoom Spiridon Caged 2 on the resale market in the last 7 days: peaking at SGD463 with lows of SGD307. The average retail price is SGD379.
Recommendation: Go long.
In these extraordinary times, any streetwear commodity that is able to double its original price is worth investing in. Think about it, the future does look slightly bleak, at least in the near future, and daily necessities to ride out the quarantine is on top of most of the to-buy list, and yet the Stüssy x Nike Air Zoom Spiridon Caged 2 is still able to double its retail price. And with 200 pairs being sold purely on StockX (that doesn't include the other secondary markets), we are putting good money on the fact that this sneaker will be even more valuable after the COVID-19 storm passes.
Nike x Sacai LDWaffle
We are going to take a crack at the third edition of the Nike x Sacai LDWaffle. Yes, we know that we run the risk of sounding like a broken record, talking about the same sneaker over and over again, but there is a lesson here.
Commodity: Nike x Sacai LDWaffle sneakers white nylon
As a refresher (but we doubt you really need it), the Nike x Sacai LDWaffle sneakers see the melding of the LDV and the Waffle Racer, done up in Chitose Abe's signature deconstructionist ethos. It features a similar construction from the last two editions: elongated foam on the midsole, as well as the signature double tongue and laces.
The colourway is more pared down, with a triple-white version as well as one that features an all-black upper paired with a white sole. Besides a different colourway, the latest version also sees a nylon upper overlaid with suede, instead of the mesh fabric of the previous versions.
When: 10 March 2020
How: Add to cart
Price of the Nike x Sacai LDWaffle white nylon on the resale market in the last 7 days: peaking at SGD704 with lows of SGD414. The average retail price is SGD477.
Recommendation: Hard pass
If we were to compare the Nike x Sacai LDWaffle to a movie trilogy, it would be the Terminator series. Much like the first The Terminator movie, the first Nike x Sacai LDWaffle was revolutionary when it first debuted. Terminator 2: Judgment Day, and the Nike x Sacai LDWaffle in summit white and black on the other hand, pushed our idea of how great the series can be. Then we have Terminator 3: Rise of the Machines and these two nylon editions of the collaboration—which is confusing, a massive let down and not really sure what it is doing with itself.
That sounds like a very harsh criticism, but when you just launched a monochromatic version of the sneaker, why would you follow up with a similar colourway that is much weaker? Don't get us wrong, the sneaker is still a hot commodity on the secondary market, but we think that it is almost a consolation prize for those who missed out on the first two iterations.
But do not just take our word for it, check out the market reaction. While the demand is still healthy, the prices that people are willing to pay for is way lower compared to previous drops. If you are in the market to buy, good news! If you are a seller looking to make a healthy margin then you are out of luck.
With better sneakers in the pipeline for 2020, this release is going to be a tiny footnote. Hold on to your money.
Nike's greatest strength in the collaboration game has always been its roster of fashion superstars—think Virgil Abloh, Kim Jones, Chitose Abe, Matthew Williams, and Rei Kawakubo to name a few. However, their partnership with entertainers still pale in comparison to Adidas with their entourage of Kanye West, Beyoncé and Pharrell. While Nike might not have the sheer musical star power that Adidas has, it has struck gold with Travis Scott.
Their partnership began with Scott's rendition of the Air Force 1s, a sail-coloured low-top, with removal swooshes, before working on an Air Jordan 4 that paid tribute to the colourway of the Houston Oilers—the NFL team of his home town. When asked what made his collaboration so successful, Scott said, “I looked at the making of this shoe the same way I make an album. I wanted it to tell a story about me. I set the tone to go crazy at my shows. I’m the acid of rap.”
But the highlight of their collaboration thus far is his take on the iconic Air Jordan 1s; a sneaker that's landed itself on many top 10 lists last year. But the prolific rapper is showing no signs of slowing down with the launch of his rendition of the classic Nike Dunk SBs. But will it live up to the hype, and is it a worthy investment piece? Let's dive in.
Commodity: Nike SB Dunks low Travis Scott
The year has barely begun and pundits are already calling Scott's take on the SB Dunks the sneaker of the year. That might be a tad premature, but the accolade is not without good reason. First off, you have to consider the fact that Scott has a genuine love of the silhouette. He is often seen wearing them and owns some of the rarest pairs of SB Dunks on the market like the 'Freddy Kruger' and the 'Paris' samples. Now for such an avid fan to be given an opportunity to leave his own imprint on SB Dunks, you know he is not going to disappoint.
The sneaker features a earthy-tone colourway, similar in vibe to his other Nike releases. The upper made in nubuck also comes with removable paisley and plaid print overlays. The idea is, the more you actually skate with these sneakers, the more it would reveal the pattern underneath the overlays. We like to think that it's a subtle nod to the legendary skate magazine, Skate and Destroy.
The sneaker is completed with rope laces, black and pink swooshes, as well as the signature thick tongue of the SB Dunk series.
Where: Select skate shops
When: 29 Feb 2020
How: Raffle system
Retail: Approximately SGD210
Price of the Nike SB Dunks low Travis Scott on the resale market in the last 7 days: peaking at SGD1,711 with lows of SGD1,231. The average retail price is SGD1,533
With the renewed interest in the SB Dunk series, as well as how hard the sneaker is going to be to cop, it is the perfect storm for resellers to make some serious coin. Couple that with the fact the Scott just made a surprise drop over the weekend, it has the average sneakerhead (as well as the rabid fans) on high alert.
Now if you were to reference the stock price of the Travis Scott Air Jordan 1s, you'll notice that the price peaked before the official release, dipped slightly before the drop, and then held steady at an average price of SGD1,748 in the following months.
As such, our recommendation is to hold on to the SB Dunks by Travis Scott and wait for a suitable price before selling them. There is no rush to sell these sneakers. If the price is not right, you still have a great pair of kicks.
Nobody breaks the Internet like Kim Jones. The artistic director of Dior Men recently unveiled a pair of Air Jordan 1s made in collaboration with the French luxury house at the Dior Men's Fall 2020 show in Miami, and promptly set the world on fire.
Jones is no stranger to collaborations—besides his seminal Louis Vuitton and Supreme collaboration—since taking over at Dior Men, every single collection he has produced has featured a guest collaborator. Now it might be early days, but the Air Dior 1s is already the frontrunner for the sneaker in 2020. There’s so much hype around the sneaker, but is it worth the investment? Let's dive right into it.
Commodity: Dior Air Jordan 1s
On the surface, the design of the Dior Air Jordan 1s doesn't deviate too far from the original design. But as a huge fan of the Air Jordan 1 model, Jones work on the sneaker is more nuanced. Firstly, he wanted to create a product that was just as luxurious as the rest of the other products from the house of Dior. With that being said, the Dior Air Jordan 1s are handcrafted in Italy, making it the second-ever sneaker from Jordan brand (besides the Air Jordan 2s) to be made there. The grey colourway is a homage to the founder of the house, Mr Christian Dior himself.
The entire sneaker is constructed out of premium Italian leather, finished with painted edges, bigger stitching and comes with a swoosh that is made out of the Dior Oblique canvas. There are a lot of hidden details in the sneaker as well—like a tonal oblique print on the tongue of the sneaker as well as the base of the sneaker. The insides are also made in leather, which is a departure from the usual mesh construction.
This collaboration is a more of a subtle evolution of the Air Jordan 1s rather than a revolution—the swoosh is made bigger to compliment the Dior oblique motif, and certain parts of the sneaker is not stitched down to show off more the hand-painted edges. The sneaker also features a clear sole, with Air Dior logo on the right sole, and a riff on the original Air Jordan wings logo on the left pair.
Where: Dior stores
When: April 2020
How: To be announced
Retail: Approximately SGD2,700
Price of the Dior Air Jordan 1 on the resale market in the last 7 days: peaking at SGD17,847 with lows of SGD6,933. The average retail price is SGD9,706.
Recommendation: Go long
Let's use the Chanel x Adidas x Pharrell sneaker as a comparison. The sneaker sold for some insane prices on the secondary market when it was first launched, but has since tappered down. At its very peak, it was sold for a cool SGD18,723 before reaching lows of SGD2,039. But you also have sneakers like the Nike Air Mags, a truly legendary sneaker, that is still being sold for SGD38,000 on the secondary market.
We are not exactly comparing apples to apples here, but the Dior Air Jordan 1 is a unique sneaker that has the cultural clout of the Nike Air Mags and the prestige of a collaboration with a big brand. Perhaps the most accurate comparison would be the Off-White Air Jordan 1 Chicago colourway. It perfectly mirrors the blend of prestige with the Air Jordan 1 model.
The price of the Off-White Air Jordan 1s on the secondary market has steadily climbed since its debut, starting at SGD2,039 before climbing to SGD5,507. Expect the Dior Air Jordan 1 to have that same effect, with bigger returns down the line.