Kanye West’s Yeezy Boost 350 v2 Dropped During Weekend

Kanye West's new Yeezy Boost 350 v2 dropped during the weekend, but laying a hand on them wasn't as easy as buying a pair of regular kicks.

The new Yeezys integrated neon colors and can cost about $220, Fortune reports. There were a few ways on how sneakerheads got themselves a pair. They could have downloaded an Adidas App, entered an online raffle from various stores or clicked their way to online shopping.

Kanye West's collaboration with Adidas have inadequate supply compared to the demands they have been receiving. They sold like hotcakes, more than people could have imagined!

Well, it's just simple economics. If there is a high demand for a product and there is limited supply, then it would cost someone big bucks. Apparently, the older Yeezy models are now double in price!

In Singapore, a country notorious for its shopping habit, the shoes were sold for a whopping 350 Singaporean dollars which a premium on the U.S. price, according to CNBC. Limited Edt, one of the two official Yeezy retailers in Singapore, only got 30 pairs and raffled their way in choosing who got to buy a sick pair.

CNBC reports, "Yeezys are one of the most sought-after shoes and because demand far exceeds supply, people are willing to fork out big money for it," Mandeep Chopra, Limited Edt co-founder explains.

Carousel, an online market place, houses a $1,299 used pair of tan-colored Yeezy Boost 350 Oxford which sold for $330 last December during its release. In addition, the Yeezy Boost 350 Moonrock model retailed for about $329 during its launch but buying a worn pair was listed for $1,350, the news site added.

Rare sneakers usually appreciate in value over a course of time just like wines and watches.

Kanye West's clothing mogul is such a commodity that people are sleeping on the streets just to queue up for his shoes and other products such as Pablo, but people would rather do this than to buy at a resale value which sometime costs triple the price.