If I Were You - Introducing: 'History of Heat'

Episode Date: January 13, 2022

Have a listen to History of Heat, one of our newest Headgum Originals! Yassir and Isaiah Lester are joined by comedians, artists, athletes, and experts to discuss the history, impact, and future of cu...lture's favorite topics ranging from sneakers to video games.  In this episode, The Hype Portfolio (w/ Michelle Buteau and Amir Blumenfeld), comedian and actress extraordinaire Michelle Buteau joins the pod to flex her collecting prowess. Later, Yassir and Isaiah chat with Headgum co-founder Amir Blumenfeld about his trading card portfolio and the new economy of hype. Subscribe to History of Heat on: Apple Podcasts SpotifySee omny.fm/listener for privacy information.

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Starting point is 00:00:00 Oi everybody, we wanted to drop a different podcast episode into this feed today, 1 because we think you like it, and 2 because, well, I'm on it. The podcast is History of Heat, and it's two very funny comedians, Yasser and Isaiah Lester, and they discuss the history, impact, and future of culture's favorite topics ranging from sneakers to video games. In this specific episode, they're talking about collectibles, and I'm on it talking about my burgeoning basketball card collection, but the podcast is about so much more than that, and it's got very funny guests, so if you like this episode, subscribe to the
Starting point is 00:00:36 History of Heat, wherever you listen to your podcasts. Enjoy! History of Heat, presented by Head Gum, and Strokax, do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do-do- the dude who looks like OJ. Zay, you know, we've covered a lot of ground on this podcast, right, we've talked a lot about culture, sports, fashion, favorite brands, favorite designers, why grown men shouldn't wear Billie Eilish sneakers,
Starting point is 00:01:40 that was specifically a you thing. I personally don't believe in policing older men who want to wear teenage girl shoes. I personally think that it's okay if a 40-year-old man wants to stand in line to get teen girl shoes. I would never tell a man to not do that. That's something that you need to do and you need to stop policing men's bodies.
Starting point is 00:02:02 How about that? Man, I tell you what, I would cast Yasser from that defense, I would wipe your hard drive. Like, I don't know what's going on. I would go home and I would wipe it out. Oh, one thing we haven't talked about as a explicitly, the one thing that everyone cares about, except for me,
Starting point is 00:02:21 because I'm a good Christian boy, money, right? It's how the things we collect, our Deadstock sneaker collections, our trading card collections, our comic book collections, have a real financial value. Yeah, and you said it yourself, man, in the first episode, all kids are rich now. The kids that are shopping in Soho
Starting point is 00:02:42 and these kids that are bidding against me on StockX, they're all rich now. It's very annoying. And the main question of this episode is how do all these kids get so rich? Yeah, I mean, like, okay, sure. Some of them were born rich, right? But a lot of them were also born very rich.
Starting point is 00:02:59 And then also, more of them are getting rich, doing the same stuff that we've been talking, right? Like flipping sneakers, investing in Supreme, selling basketball cards. This is a whole new economy of hype, right? Yeah, there's always been a money side of it to all this stuff, like, all along. But the way it is now, it just really feels new.
Starting point is 00:03:23 Right, I would say specifically, if we're, you know, trying to like dig into it, we wanna talk about like the collecting and investing side of things, right? Like sneakers and streetwear and cards and comic books, these aren't just things that you buy and where to show off your friends anymore. Like now there are assets and investments.
Starting point is 00:03:40 It's like a stock portfolio, or dare I say, a StockX portfolio, Isaiah. Ooh, ooh, you didn't know I was gonna do that to you. So that's what we'll be talking about today. We'll be talking about collectibles. We're gonna be talking about trading cards. We're gonna be talking about sneakers as investments. We're gonna be talking about all the different ways
Starting point is 00:04:03 people turn their collections into money. So this episode, we've got Michelle Bouteau, the host of Netflix's The Circle. I'm a huge fan of The Circle. She's gonna be talking about her collecting habits, what she's into. We have Amir Blumenfeld, the co-founder of Head Gum, and the co-host of the podcast, if I were you,
Starting point is 00:04:23 to talk about this trading card portfolio. And maybe where our checks are. Yeah! Yeah! Maybe where our paycheck's are as well. Oh, God. And we've got Sworn Enemy, number one hater, dude that we cannot stand,
Starting point is 00:04:44 senior StockX economist Jesse Einhorn, to tell us how to get rich. Now this is History of Feeds. ["History of Feeds"] Zay, it's been a long winding road, you know, for us becoming adults. There's been a lot of hustles. There's been a lot of money-making schemes.
Starting point is 00:05:18 There's been lots. Yeah. Do you kind of remember the first thing that you quote unquote flipped? I would have to say, I think in my earliest flipping days, there are probably basketball jerseys. So old basketball jerseys I'd have,
Starting point is 00:05:38 and I would take them to play it against sports or somewhere like that, and see what I could get for them. Or like, you know, a vintage thrift store or something like that. There's two parts of my jersey journey. First part was like, if I liked a player, I would get their jersey.
Starting point is 00:06:00 Like one of my first jerseys was a Grant Hill, Pistons jersey, though I'm a Lakers fan, the Pistons are hated rivals of ours. I had a Pistons jersey. And then I migrated out of that, you know, and I became a Jersey loyalist. And now, I really buy jerseys of teams that I support. But in terms of training and stuff like that,
Starting point is 00:06:21 I think my earliest memories are of jerseys, and then it went into shoes. Yeah. And being, I didn't understand the power of it either. And like, back in the day, I would literally just sell them on Craigslist. I would just post them, I make a big post, and then I would get five responses
Starting point is 00:06:45 about people who actually want to buy the shoes and then five more of people who just wanted to have sex with me. So. Well, to be fair, that's on you for also posing a picture of yourself next to the shoes. It's just, it was just like, it was just like a pair of Jordan eights
Starting point is 00:07:01 and then my nipple. Like, yeah. See, again, that's, that's, you were doing Anthony Wiener style photos, which is like you laying in bed with a shoe next to you. But yeah, that's, that's how I, that's the time I used to sell them. Yeah.
Starting point is 00:07:19 And that's really before like, Stock X and eBay became like a really big player in that game. Yeah. And I would, it was so awkward because like, I would, well, I would meet these people. We meet in the, in the Rouse parking lot on Vineland, near Magnolia.
Starting point is 00:07:37 And I meet them there and I would show them the shoes they will buy them. And then I go straight to the bank to make sure they didn't give me counterfeit money. Yeah. And that's how I, that's how I would do it. But what about you? What are your earliest sex trading memories?
Starting point is 00:07:54 Sex and gear trading memories? I mean, I can, I can go as far back as yesterday. I didn't even realize people were selling shoes like that. Like I moved out to LA, Isaiah moved out like right after me, like right out of film school. And he was already like on it, right? I remember like one of the things he like flipped for
Starting point is 00:08:24 and got dough was like a pair of Jordan two infrareds and he flipped them for something else. And then like also got some money for them. And I was like, what? Like, cause I was like 20, I must have been 23 at the time. And like all I knew truly from being in LA was like flight club. Like I don't even remember there being like reselling stores in Atlanta like that,
Starting point is 00:08:48 but we also were kind of out in Marietta. So it's like that, that kind of culture hadn't really made it out there. So it's just like all I remembered was like going to fight club on Fairfax cause I wanted, and now I can't even remember, which is like such a bummer, but they're the SB Donk Lowe's that have like the,
Starting point is 00:09:08 the name isn't Desert Marauder, but that's who's on the tongue of the sneaker. I can never remember, but it's got like the two swords. And I just like those were like a grail of mine. As I'm saying this, I couldn't remember. And I was like, whoa, these are pretty ill. And I grabbed them and it was like $500.
Starting point is 00:09:25 And I was just like, this is what? So then Zaya came out and started doing it. So I just like got more into like the sneaker part of it. But again, like the thing that like kind of no one tells you, and this is, though it's the great equalizer being online, it's also like one of the terrible things if you like don't have the bots or this or that, but like to really get in the sneaker game,
Starting point is 00:09:47 like you have to have sneakers. Like no one tells you that you kind of just, you can't just come in willy nilly. Like unless you're again, one of these rich teens, and it's like I have $700 to blow, which is like, that's like an impossible amount of money to me, right? So like, it was like, again,
Starting point is 00:10:02 like unless you have something to put up to also get the cash and then flip those for another thing, like you're kind of just like SOL, right? So like, so I was always kind of watching from the sidelines, but again, Isaiah's always had like an ill collection. Like I've always been like, and I've kind of talked about this before, but like I was like a much more casual dude.
Starting point is 00:10:21 Like, you know, I had, you know, I had Nike's, and you know, I still had things I was proud of. I had SB's, but like, I never had like rarities, right? I was like, I was wearing like new balance and soccanese. And like, again, like I wore like a lot of Nike Vandal Lowe's, which were like, to this day, still just one of the illest shoes of all time to me. So my first like real trading experience thing
Starting point is 00:10:46 came from comic books. Like I understood it with comics and comic cards. I knew that it's like, I can give like this Hall of Foil apocalypse card and also give, you know, like a Spider-Man, number one, Todd McFarland with the silver webbing versus the gold. And then get, you know, 10 bucks for those two things and get an issue of Wolverine 100.
Starting point is 00:11:12 So like, I didn't even realize that it could go with like, you know, what I considered more adult things like shoes, you know, so I was just always in that vibe of it. Like I was always constantly doing it in terms of like things that I consider like, you know, children's entertainment, if you will, because I was a child at the time. But like, you know, like you could go into a comic book store
Starting point is 00:11:34 and be like, what can I get for these? Or like walk into like, oh, you know, a CD place and be like, what can I get for these CDs, right? But it's like, I didn't even realize there was reseller markets for all these other things, you know? I think, yeah, I mean, I remember going into comic stores with you and you literally having boxes of comic books and putting them there and being like,
Starting point is 00:11:54 what can I get for these? And you essentially like almost never giving actual money for it, but usually trading for something that you wanted. I would also like, you would be remiss not to talk about your time working. Like you were at working at what essentially was StockX, before StockX was StockX. It was a used book, CD and DVD,
Starting point is 00:12:16 not even DVDs, like half DVDs, half HHS stores, called The Book Nook by the Big Chicken in Marietta, Georgia, right next to the Big Chicken. If you don't know what the Big Chicken is, it is what it sounds like. It's a giant mechanical chicken that has been attached to a normal-sized Kentucky fried chicken in downtown Marietta.
Starting point is 00:12:37 But that KFC also has a gift shop. It does, it has a Big Chicken gift shop on the inside. So, I would say that's kind of your, kind of your trading real origin story is like, having like, you were the man behind the, you're like, you know, the Sean Wotherspoon of round two, sitting behind a desk and being like, now we'll take this, we won't take this.
Starting point is 00:13:02 Yeah. Lord of the Rings, past if it's not the special edition, you know, like doing that kind of stuff. It's not the edition that looks like the Bible, so I don't want it, you know? Yeah, that's literally what I was about to say. I was like, people will come in there
Starting point is 00:13:17 with that regular clamshell DVD version. I was like, buddy, this ain't even the Lord of the Rings one that looks like a book. Get out, hey, you know what, get out of town. Get out. Get out. Get out of here.
Starting point is 00:13:28 Get out. All right, people of Earth, we got Isaiah, I want to say one of the most majorist guests in history. For sure. And I said, majorist, because I had to make up a word
Starting point is 00:13:45 because nothing, nothing quite encapsulates the super stardom of this person we're about to bring on. Truly, I've known her since I was a doorman at the improv. A doorman. A doorman. A doorman. And you, and Isaiah used to come with me
Starting point is 00:14:01 because he could eat and drink for free. I'd have, there'll be my only meal of the day. It'll be the improv dinner. And I used to watch this person destroy on stage. She's truly one of my favorite comics. I can't say enough about her. I mean, she's truly one of the funniest people on this planet.
Starting point is 00:14:21 She has a special on Netflix called Welcome to Potopia, Star of the First Wives Club television series, host of one of the most majorist TV shows in history also. Truly. Truly. De-circles. That's where we call it, well, for all we call it De-circles.
Starting point is 00:14:44 Y'all, Michelle Boutel. Hey, Michelle. Oh my God, what in the BET award is going on? That was so nice. That felt like a wedding speech when no one's getting married. Oh my God. You know what?
Starting point is 00:15:00 Because you parted, you parted the streets and we married to the streets. Look, I remember the first time I met you. It was awkward. Oh yeah, for sure. Cause I don't know if it was your first or second date with one of my friends. I don't even think it was a date.
Starting point is 00:15:18 No, I met, this is, here's a more embarrassing story. I guess technically it was, but we all went to a bar called The Village Idiot in LA. Oh God. Yes. Hey Melrose. Yep, and we all got drinks and food and stuff. And I think y'all had already started,
Starting point is 00:15:37 but I was like, I'll put it on my card. And I put the remainder of it on my card, but you guys had already closed up. But I was like, let's get more food and drinks. So we ordered all this stuff. And then I went up to the bar to close out. I know I was like, I'm ready to go. And the bartender was like, your card's declined.
Starting point is 00:15:54 And I was like, okay, hold on one second. And y'all were like, let's all leave. And I was like, all right, I'll catch up with y'all. And then I just left. And I like left my card. There is not exaggeration. I went back like three months later being like, they'll never remember me.
Starting point is 00:16:06 I walked in and the dude was like, get the hell out of here. Okay. Valid. Valid. I mean, I did not know the black story on that. Michelle, I was trying to ball out in front of you and your home girl. Oh, for nachos and a beer?
Starting point is 00:16:24 Oh, no. Nachos and a few beers. Okay. Which by the way, looking back, I was like, it was probably $27. Yeah, that's the saddest part at all. I could not have had less money. Well, look at you now, bud.
Starting point is 00:16:38 Look at, look. And all it took was 15 years to come back on a podcast. But to be fair, he is still my doorman. So that's what Yasser's up to. He still works the front door of my building. Yeah. But you know, I'm your brother and no one's going to watch you more carefully.
Starting point is 00:16:55 And I love you. I love you too, Yasser. I was going to say, there's always an awkward moment when I see you though, because we went to, I saw you at like a HBO premiere thing and we asked, there was, what derb's being passed around and you asked the lady, is this vegetarian?
Starting point is 00:17:15 Cause I'm vegetarian. And she said, yes, no meat. And you took a bite and it was meat. It was like, by the way, not just meat. It was like full on sausage. I was like, you couldn't have gotten further away from what vegetarian meat. I know.
Starting point is 00:17:29 I was like, let me just walk away from this moment. I'm so sorry. Yeah, thank you for that though. Next time I'll hold your hair, girl. Michelle, first of all, you know, in the hood and the hood, they call me girl. So you're making yourself real familiar here. All right, Michelle.
Starting point is 00:17:50 This is, we're talking about collectibles and Isaiah has a question for you because I as your friend and number one fan have already spoken too much, but he was like, I'll know her as well. And I'm taller and darker and more handsome. And I feel like I should interject myself. And I was like, all right, you didn't have to say all that
Starting point is 00:18:12 but go ahead and ask your question. We did meet once briefly outside of the Hollywood Improv, but neither one of you remember that. So I guess it wasn't that big of a deal. Was it one of those moments where like a show just let out? Yes, it was. A lot of people, okay. Yes, it was, yes it was.
Starting point is 00:18:27 That feels like the end of like the night at the club where everyone's coming out. And it's like, that's what you look like, you know what I mean? Or like when the wedding just got done and we're just like, why is there rice in my eye? So I'm sorry. No, it's okay.
Starting point is 00:18:40 I didn't have the inner power and her strength that I have now back then. So if you didn't read it, it was me. I had a lot of growing to do. Speaking of growing. Oh mom, girl, I am so proud of you. What a journey. You better take your space.
Starting point is 00:18:57 Speaking of growing, growing up, did you collect anything? Is there anything? Oh, we got segway. Yeah, I told you, my inner power, I can not be contained. What in the Steve Harvey is going on, honey? So I love anything that is like slightly Caribbean or African that has my zodiac sign on it. Cool.
Starting point is 00:19:21 So this is what I've like collected growing. I used to do stamps, but then we moved and there was a flood and postcards. Cause my dad traveled to over 50 countries for his job. So I used to collect postcards, but really what I've held on to over the years is stuff with my zodiac sign on it. Did you mention your dad to be like,
Starting point is 00:19:43 oh, Yasser and Isaiah, don't talk to their dads. Was that like a thing? Was that an on purpose thing? Yeah, I'm so glad you picked up on it. Okay, I just want to make sure, cause it feels like you didn't need to say that part. You could have just said I collect postcards, but you were like, my dad was like, okay, Michelle,
Starting point is 00:20:02 thanks so much. Wait, the thing that you were holding up that had your zodiac sign on it, what was it? Just for the listeners at home. Let's get back to your dad. Hahaha. I mean, does someone like, like cut their finger cause we hit a nerve.
Starting point is 00:20:20 Oh. So yeah, I mean, this is from Jamaica. This is supposed to be a lion. Let's just say it is. We don't know. It kind of looks like someone's single auntie at a family reunion. Yeah, yeah.
Starting point is 00:20:33 And this is like the national flower. Okay. And that's the other things. But what's the, is it a paddle? What do we look? I'm just trying to figure out what the actual item is. It's up. Or is it just like a beautiful adorned wooden plank?
Starting point is 00:20:46 Yeah, you just, yeah. Like there's a lot of wood stuff in the Caribbean. You just hang it up. Now, Michelle, besides talking about your dad all the time, you're also known for having kids. People aren't really talking about the career. They're like, she has a dad and she has kids. And that, you know, that's what, you know,
Starting point is 00:21:06 I would say the two biggest things. But the question I was going to ask is, you know, and we're going to get into it for you in a second, but like for, for the babies, is there something like, you know, for you as postcards and like zodiac sign stuff for your, your sweet little kids. Is there anything that you're starting to collect for them that you, you might pass, pass down?
Starting point is 00:21:28 Is there, is there something there into like, you know, anything they've shown interest in, in, in that regard? It's funny because there's a lot of gifts from people. And there's like, because my uncle's the Archbishop of Jamaica, there's like a lot of Catholic gifts happening. It's a lot of Noah's Ark type shit being thrown at me. Right. But husband and I like to get the kids a new pair of Adidas's
Starting point is 00:21:53 or is it Adidas, Adidae every year for their birthday. So I think the one thing we will end up collecting or what is it, bronzing? Yeah, we're gonna, yeah, we're gonna taxidermy their first pair of bands. Okay. You don't have to say it like that. That is, that implies something else.
Starting point is 00:22:15 Dear Michelle, that is something, something else there. So they're, they're already sneaker heads without even trying really. Yeah. I can't think of anything else that they would collect because they destroy everything they love. Huh. Oh, okay.
Starting point is 00:22:31 Okay. That's kind of how I've been with personal relationships in the past, but again, I've grown a lot. I'm stronger than I once was and I don't do that. Well, you're just a walking Kelly Clarkson song, aren't you? I think so. I think so.
Starting point is 00:22:45 Please somebody tell her, tell her that. All right, for you, Michelle, as an adult now, is there a broad swath of things like I like, you know, clothing or bags or shoes or whatever. And if so, is there something that gets more specific? Like, you know, people are, especially stock X customers are going, going ham on like Telfer bags, you know? Like, is that something that-
Starting point is 00:23:10 No, I don't really subscribe to any of that bullshit. I do what I like and what serves me in the moment. Yeah. And I've always been like that. Like, you know, I'm a plus size bitch. I've been a size 12 since I've been 12. Actually, that's why I wrote my book, Survival the Thickest,
Starting point is 00:23:24 plus size essays in a small minded world. Bitch, because, because I've always had to like style myself and find my own way. You know, it wasn't until like, what, 10 years ago that the fashion industry deemed us worthy of spending our money on their bullshit. So yeah, I don't have any of that. I don't have like my mom's Louboutins or whatever.
Starting point is 00:23:46 Right. Yeah. So, nah, what I do like is I like to support black owned businesses, especially Haitian people, just coming out here and trying to make jewelry and shit. Yeah. Like, that's my jam. Okay.
Starting point is 00:24:00 Not to be all like a brown-titty Rachel Maddow, but here the fuck we are. Okay. By the way, who's to say, Oh, that's just Joy and Rene. Who's to say hers aren't also brown? Let's, let's step back. Let's ask her.
Starting point is 00:24:14 Let me do the research. You know what? Get Maddow on the phone. Like, hey, we got a question for you. Oh. All right. She's probably listening. Yeah.
Starting point is 00:24:26 Oh God. I hope not. It really terrifies me. Okay. Real talk. We've spoken about, you know, your dad. We've spoken about your book. We've spoken about your wood collectibles.
Starting point is 00:24:41 We've spoken about your kids. We've spoken about how you don't subscribe to any of that stuff. Uh-uh. Is there anything else that you want to plug? Is there anything else that we should be on, on the lookout for you? Should we be on Beto Watch 2021 slash 2022
Starting point is 00:25:02 slash 2023 slash 2020 phone beyond? I have some things in the works. We're going to go ahead and film season three, your first wife's club available on the PET plus app. So if you like quality black content, go ahead and reruns of Martin. All the reruns of Martin. You can have more than one.
Starting point is 00:25:23 Yeah. There's also a season four and five with a circle coming out, which is really fun. It's such a fun show. I mean, VO is dope because I could just like be brawless and, you know, work from, look how you guys look. You know what I mean? Just comfortable. Just really comfortable.
Starting point is 00:25:41 Okay. My outfit was $10,000. We'll go ahead. But I also think it's a very important show too because you can't get away from social media. And it's just like, how does that even look if we make that a competition game? And it's so, it's so interesting to me too. Like people that go on there and catfish
Starting point is 00:25:58 cause the reasons why they catfish is sure it's gameplay, but it says a lot more about society. Like I'm a pretty girl and everyone's going to fuck with me and not take me seriously or I'm a butch lesbian and nobody wants to be friends with her. Like it's always interesting or like I'm a bigger person and I can't flirt with anyone cause no one finds me attractive.
Starting point is 00:26:20 So I'll be, cause my strategy is flirting. It's like fascinating and also important. So anyway, season four and five of the circle, I feel like there's some other stuff going on, but I don't know, we'll see. Okay. On the podcast, are you willing to give your home address to me and Isaiah can come by? No.
Starting point is 00:26:44 Okay. Do you have any general advice for us? Just anything? I have general advice for you and for people, anyone that's listening. And I always say this to people too, when they're just like, how do I get started in comedy?
Starting point is 00:27:02 Which is like such a dumb question is like to start. Don't talk yourself out of what you believe in. The most talented people I know are always in a corner, like second guessing themselves. It's just like, there are basic people out here making lots of money. You can go out there and just show your shit and do your thing.
Starting point is 00:27:18 It'll only get better. Don't be afraid of success or failure. The end. Wow. Okay. That was actually really good. Here's the thing. I want to give you credit for saying something really smart,
Starting point is 00:27:28 but I already have that all tattooed on my back. So you can, you can, you can stop, you can stop quoting Tuesdays with Maury because I read that passage also. P.S. little known fact, I used to do warm up for the Maury Povitz show when I first started seeing her comedy. I really couldn't do warm up.
Starting point is 00:27:49 It just ended up being like dance contest between the like a white person and a black person. So I was like, what the fuck am I gonna do? And they didn't even pay me. They paid me in pizza slices. See, that's cause they knew you knew who your father was. And they were like, she doesn't need any more confidence.
Starting point is 00:28:05 That show is specifically for people like me and Zaya. I feel like y'all should be doing a podcast for 23 and me. Yeah, but they don't, on 23 and me, they don't be fresh though. They be all sad. They're like, who's, who's this person in relation to me? You know, they spend all their money on genetic testing. They don't, they don't really step out of the house.
Starting point is 00:28:27 I guess, but it's really great. They tell you what you're predisposed to, why you might not like cilantro, why you have a freckling in your butt. It's very interesting if you let it. Okay. This has been Michelle Bateau for 23 and me. We just want to thank everyone so much for tuning in.
Starting point is 00:28:42 But now Michelle, thank you so much for stopping by and giving Isaiah the confidence that he's needed. I've been fine. Okay, yes, thank you. That's cool. I didn't even know I was doing this podcast. I thought it was Joe Rogan.
Starting point is 00:28:55 Oh no, he's next. We're the, we're the warmup for Joe Rogan. So have your horse pace ready girl. Yeah, he's, he's sick. Oh boy. He's sick right now. So he's coming a little late. He said he had a pretty bad fall.
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Starting point is 00:29:46 You can use the code history heat for free shipping on your first purchase of any order of $240 or more. Start shopping at stockx.com. Access the now. Oh my God, people of earth. It is going down in a major way. Isaiah, we got a guest in the building. We got a major.
Starting point is 00:30:10 We got a leader of sorts, a president of sorts, a Joe Biden, a Kamala, if you will, of sorts, a GWB, that's George W. Bush. I would say this next guest is the George W. Bush, the George W. Bush of head gum. That's right. Yep. And I don't want to hear another credit
Starting point is 00:30:33 out of this guy's mouth. He's for sure the George W. Bush of head gum. He's the co-founder of head gum, co-host of the podcast. If I were you, people, make some noise at home. I want you to stomp your feet, clap those hands. For Amir Blumenfeld, ladies and gentlemen. Thank you.
Starting point is 00:30:50 Thank you. I do get that a lot. So it's cool that it trickled all the way down to you. All right, Amir, look. You thought you were going to come on here and just tee hee hee and ki ki with your boys. Isaiah, Big J, and Yas. But we got some Katie Cork style questions for you.
Starting point is 00:31:11 All right? Okay. Some morning show style. Yeah. You know, we're coming at you like Reese Witherspoon in the morning show. No mercy. Okay.
Starting point is 00:31:21 All right. You ready for this? Okay. I'm scared now, but yeah. I think I don't want to talk about that. You should be. You should be. Where were you the night of December 12th, 1998?
Starting point is 00:31:31 Jesus. This is gotcha journalism. Yeah, it is. All right. We're going to ask you some Katie Cork style questions. First one, Amir, there's the collectibles episode. Did you, did you have trading cards as a kid? If so, do you have a favorite one?
Starting point is 00:31:48 And ooh, here we go. Here we go with the journalistic integrity. Do you still have that trading card? I did buy some as a kid. Like, you know, for, you know, you go to a birthday party in third grade and it's 1991 and somebody gives you a pack of whatever, skybox basketball cards and you open them at home.
Starting point is 00:32:08 Yeah. I remember keeping one Chris Weber card when he was in the Michigan Jersey. I don't know where it is. I remember having a Thurman and Thomas, the Bill's running back card. I don't know where that is. And then during the pandemic,
Starting point is 00:32:22 when everyone was stuck at home talking about how these cards are now worth a lot of money again, I got sucked back into the hobby because it combined my two passions of making a quick and easy dollar and also Nick Van Exel. So together those things came together. Love it. That's right.
Starting point is 00:32:39 Yeah. Okay. Good. Hey, and by the way, big shout out to Sick Van Exel. Are you at home listening right now? Nick the quick. Yeah. We wish you boy. We always wish you Nick. Cool thing about that Chris Weber card when he was in college is that he definitely
Starting point is 00:32:51 got paid to make it. Oh, definitely. Yeah. So that's my favorite part about that. The shorts were so baggy, they came out of the card. Canyon Martin style. Well, it was filled with the shorts. The shorts were sagging
Starting point is 00:33:04 because they were filled with money. Yeah. Cache. Booster, sweet booster cash. So what kind of cards do you collect now? You still in the basketball world? Yeah. Mostly basketball. I sort of tried to dabble in football a little bit, but that didn't really appeal to me.
Starting point is 00:33:21 I'm more of a basketball fan. I do have one random hockey card in my collection which is I couldn't afford the Wayne Gretzky card. So I went for the one other player I can name from my childhood, which was a Patrick Wa, goalie for the Montreal Canadiens, rookie card. I noticed that there were only 90 of these PSA 10 graded Patrick Wa rookie cards.
Starting point is 00:33:41 I'm like, you know what? If I can't afford a Gretzky, give me the best goal tender. And again, I don't watch hockey so I can only assume he's the best goal tender of all time because I actually remember what his name is. So I bought one of those too, but the rest of them are basketball. Oh, that's tight.
Starting point is 00:33:54 I mean, yeah, I think so. Again, the only goalie I've ever ever heard of. I remember him playing in my Sega Genesis game growing up. I remember Gretzky, I remember Patrick Wa and like a few other players. So I went for the one that I remembered, yeah. That Wayne Gretzky card sold for $3.75 million recently. Yeah, so if I can get half of that for the Wa,
Starting point is 00:34:15 you can't afford that. That's good, yeah. Honestly, I'm not greedy. I will take that $2,000 card and I will sell it for $1.8 million. That's enough too. I don't need the full Gretzky for it. And if anybody's listening,
Starting point is 00:34:27 you can make me an offer at 1.5. I will gladly take it. Yeah, that's really kind of you. This Wa card is just burning a hole in my pocket. Okay, just real quick, I know you think that's the most, second most expensive hockey card, but I did look and it is actually Adam Banks from the Mighty Ducks.
Starting point is 00:34:46 Really? Damn. Yeah, the character Adam Banks from the Mighty Ducks who left the nice team to play for the Mighty Ducks. I was gonna say, was he the one without the dad? But that was Charlie, that was Conway, right? That was, yeah, that was Charlie Conway. He had no dad.
Starting point is 00:35:02 Adam Banks was preppy slash cake eater, remember? Oh, yes, cake eater, of course. Yes, very famously. So Amir, you're not doing nearly as well as you think you were. Question for you, Amir, AKA Kamala, AKA George W. Bush. AKA George W. Bush. Yes. What is the most expensive card you own
Starting point is 00:35:27 or that you've paid for? I went Dutch or whatever the three-way equivalent of Dutch is on a LeBron James PSA9 rookie card. Those were like $10,000 at the time. I'm like, I don't wanna spend the price of a car on a piece of cardboard. Let me grab two friends that are Laker fans like me. Let's buy a LeBron James rookie card.
Starting point is 00:35:50 If it's worth half as much as a Michael Jordan rookie card one day, that'll be a fun investment. So we went three-way on this 2003 Tops Chrome LeBron James rookie card. Where does it live? It rotates, so it was in my house a little bit. Now it's in my friend's house, maybe the third friend's house. It's like that Simpsons episode
Starting point is 00:36:06 where they split the comic book three ways. So yeah, he gets it on Sundays and Thursdays. I get it on Tuesdays and Fridays. And then there's one day a week where, you know, that's God's day. We give it to the man upstairs. We give it to the Lord, he just put it in the sun. We put it in a hot-hair balloon.
Starting point is 00:36:21 And if it loves us, it comes back. That is so, so funny. The goat deserves the goat. Yeah, yeah, yeah, no. The glory, you know? The God of all time. Yeah, yeah. Ultralight meme.
Starting point is 00:36:39 So what's your grail card? The best card that I own or the one that I'm aspiring to get one day? I think a grail is something that you kind of aspire to get, in my opinion. Well, since getting into this hobby nine months ago, it seems like the biggest, most expensive, fanciest card is this Michael Jordan 1986 Fleer rookie card.
Starting point is 00:37:01 There's like only a certain and handful amount of this PS810, which is like a mint condition card that's 40 years old at this point. That one was almost selling for a million dollars. So I guess I'll say that's my grail card. Hopefully the market collapses to the point where me and my friends can now invest in that card. We already have the LeBron rookie,
Starting point is 00:37:21 and then there's just favorite players of mine growing up, a Nick Van Exel rookie card, an Anthony Pila rookie card. Let me give Elden Campbell a shout out. So there's like personal grails here. Yeah, personal grails and then like, you know, famous ones. Just a follow up, do you have any cards of a player that you absolutely hate? Yes, I invested in a Chris Paul rookie card.
Starting point is 00:37:42 I also hate Chris Paul. This is fantastic. Yeah, I don't know why did it just, it seemed undervalued at the time and it was like a black refractor. So I'm like, oh, this is cool. It's a numbered card. It's a Chris Paul rookie card.
Starting point is 00:37:53 It looks kind of cool because he's in a Hornets jersey. Dislike Chris Paul as a player. Think he's kind of annoying. Think he's like, you know, not fun to root for, but it just seemed like a good business investment. So were you like rooting for the Suns in the finals? Cause it would have probably doubled in value
Starting point is 00:38:09 if he'd won that chip. I was kind of conflicted because like I had this Chris Paul rookie card and then I also bet on the bucks to win the finals before the playoffs started. So I'm like, okay, you know it either way, I'm happy. It's a short-term long-term situation. Yeah, exactly.
Starting point is 00:38:22 Yeah, Chris Paul has that uncle energy that I just don't like. He's got that. He's just got an uncle, you know, where them kids at. It's the gift of him laughing and then not laughing anymore. And that's like his essence.
Starting point is 00:38:33 Yeah, it is. Like he's just a, he's a, I don't know, he's a troll. He's a twerp. He's a, he's annoying. But he like, he's so good at it. He's really good and then he also cheats. So like, you don't have to do both Chris Paul.
Starting point is 00:38:46 You're great. You don't have to run into people also and yell at the refs. Yeah, he's just, yeah, he's so annoying. Great basketball player though. Amazing. Yes. Yeah.
Starting point is 00:38:56 One of the best point cards of all time. Let me not take his value. The card is worth thousands of dollars, I assure you guys. And I love him personally. Well, as someone who's known as the Chris Paul podcast. No.
Starting point is 00:39:10 I gotta say that this is pretty. A pod god. Pretty conflicting for me. Yeah. Well, it's, it's, you know what they mean is it's just that like, I should be taller and I'm not and I have really nice eyes. Oh, wow.
Starting point is 00:39:21 Thank you. Okay. I'm probably Chris Paul's height. I'm like a little under six feet, which I assume Chris Paul is. Yeah. Yeah. In his wife, Jordan, he's probably a little bit over six
Starting point is 00:39:30 feet. Oh my God. Yeah. I, I, I take shots in every, at Chris Paul on every podcast I'm on. Yes. Or you know, this is. Yeah, yeah.
Starting point is 00:39:37 This is real. It is not. You're going to get cast in a state farm commercial with it one day. Good job, big fan. Yeah. Wait, I feel like, I feel like our own, you know, our best friend, our own Robin Quivers, Jesse.
Starting point is 00:39:52 Oh. Jesse, I have a question. I'm raising my hand. I'm raising my hand. Let's do this. Yeah. Yeah. Let's do this.
Starting point is 00:39:59 But I'm raising my hand. No, I'm curious. Like, so, okay, you, you're, you're, you think about these, you know, as investments, like how, how much are you really like taking this into account to your, you know, you, I'm sure you're a smart man. You're a financial planner. Yeah.
Starting point is 00:40:09 You know, books about how to retire at a, at a young age. You know what, you know, how, how big is this actually play into your like long-term retirement plans? Is this just funny money? Or are you like, you know what, this is going to pay for a, for a, for a lake house someday. I think it's mostly funny money. It's money where it's like, if it, all these cards
Starting point is 00:40:25 got devalued, it wouldn't ruin me. Yeah. I'm not like putting my actual life savings into these things. But like, at the same time, if they like, you know, five to 10X, I'm like, oh, that's kind of fun. I, I was so smart in 2020 that now it's 2036. And this Patrick Wa card is worth $800,000.
Starting point is 00:40:42 Cause I don't know, he was in a famous murder suicide. And there's only 92 of these. What? I mean, you know, these hockey players, they always get enough hits. Yeah, yeah, their heads are good. Their heads aren't good. Yeah. Yeah.
Starting point is 00:40:53 Taking up hits. Yeah. I mean, obviously I don't want it to happen, but I'm just saying I'm financially incentivized for Patrick Wa to maybe go crazy one day, kill a few people himself. Hey, Amir, you're saying that now, but the value of my Chris Ben Wa trading card,
Starting point is 00:41:08 tanked, tanked after that whole thing. Yeah, man. So be careful. I don't know what to root for. I'm really conflicted. Hey, you know what? I'll say, don't root for a murder suicide. Okay.
Starting point is 00:41:21 That's what I would say. But you know what? You call me the George Bush of podcastics. And I, Yeah, he's doing it. He's doing the George Bush. I'm going to throw my shoe in. Now watch this drive.
Starting point is 00:41:30 Remember that? 9-11. Oh yeah, buddy. That was, that was the, was that the, was that the closing thing? What was the closing thing? Him stumbling over the shame on you quote. Oh, no, I think it was that.
Starting point is 00:41:42 Now watch this drive. Yeah. Yeah, it's so funny. Great drive. Man, one of the best, one of the best comedies Fahrenheit 9-11. Yes. People don't talk about it that much.
Starting point is 00:41:52 Oh my God, I know. Do you guys remember that shoe that they threw at George W Bush? Yeah, he ducked it really well. Yeah, we have, we have that on Stock X. Wow. You have that shoe. What is it?
Starting point is 00:42:02 It's a Air Max one. Oh, man, it's a decent sneaker. You're talking your good shit at. Yeah. George W Bush. Right, left. That's why it was such a powerful political point. I would have worn a pair of Reeboks.
Starting point is 00:42:12 He'd just thrown like a beater at it. Wouldn't, wouldn't have made nearly as much of it. This is the damn Chuck and his shoe at Bush. I'm wearing some A's. One of one. Yeah. Yeah. Shape ups.
Starting point is 00:42:23 I have the shoes. I bought them off Stock X. I have the shoes that Terry Cruz was wearing when he tweeted BLM is becoming black supremacists. Wow. Yeah, yeah. They're worth four bucks. Damn it.
Starting point is 00:42:40 Yeah, they're worth four bucks. I, I sold them to someone who works at News Max. Amir, it feels like, Amir, it feels like you are like, I love what these guys are talking about, but I got to go. No, no, not at all. Look, man, it's so clear you got to go. Okay. So, you know what?
Starting point is 00:43:01 You should just get out of here. Okay. Thank you. And thank you for having me. Oh, man, you know what? First of all, first of all, don't play us like that. You begged us. You were literally begging us.
Starting point is 00:43:12 Every email, every text, every tweet. Wait, you know what? Isaiah, pull up the tweets where Amir was begging us to be on the podcast. Those were DNs. We don't have to air it. Yeah, yeah, I don't want to encourage people to go to my Twitter.
Starting point is 00:43:23 Okay. Amir, Amir, you've already, you know, we plugged the podcast. We've plugged how you are our boss. Hell yeah. You did it all. And we got it out of the way up front. Well, do you want to give everyone your home address
Starting point is 00:43:36 real quick? Yeah, I mean, I guess it's 318 South Broadway Avenue, New York, New York, 104. That's it. That's the zip code, 1-0. Okay, no, there's, okay. And there's for sure, come on. Where's the apartment number?
Starting point is 00:43:51 Don't be stingy. Don't be stingy. No, it's a full townhouse. I sold the walk car and I bought a three. A split level. That's a little brownstone. Two family in Park Slope, yeah. Good.
Starting point is 00:44:03 Amir, for real, thank you so much for joining us. Thank you so much, man. Hang out, hang out a little bit longer so you can give me and Zea a ride. Oh my gosh, all right, fine. Can I leave now and call you guys in Uber? Do I have to wait? No, no, you have to wait.
Starting point is 00:44:15 All right, fine. I don't want to wear a mask, so. No. We are back with, I would say, probably one of the least like segments on the show, according to Twitter, Instagram, and his family. We're here for the Price is Hype with Senior Stock X Economist.
Starting point is 00:44:44 Again, not very beloved, Jesse Einhorn. We brought, we did, we keep having them back, even though people are like, definitely not. You know, that's the big thing. I would say like, people stop me on the street. They don't really know me like that, but they're like, you're Yassar or Lesnar, and they're like, the Jesse guy, big node,
Starting point is 00:45:03 and they do a thumbs down, you know. No, it's like my dad, my dad actually sent Yassar an email being like, can you just like not have the segment? I love the podcast, but I'm tired of hearing this guy talk. That's my dad. Yeah, no, no, no. I was BCC'd on that email. Yeah, he was BCC'd.
Starting point is 00:45:18 He actually, you were a bunch of people were actually CC'd. He doesn't know the difference between BCC and CC'd. So like, he actually put like, my teachers growing up, like a couple cousins, you were on that, and like, he couldn't even figure out how to BCC'd. So it's like, I saw them all, and it was really a blow to myself. Well, I was gonna say, and this is weird,
Starting point is 00:45:36 but your girlfriend called Isaiah on FaceTime and said, can you stop like, I don't like the way Jesse sounds on the podcast, do you remember that? Yeah, I've never, there's never been such a consensus around a single issue than like me not doing the same. But you know what? Contracts are contract. We gotta keep doing it.
Starting point is 00:45:55 We gotta keep doing it. Wow. So let's do it. Yeah. So how are the kids on the streets in their homes, houses that I'll never be able to afford to buy, making money off collectibles? Yeah, I know.
Starting point is 00:46:15 I mean, it's crazy. Stepping back for a moment, it's like, you know, we've been, we talk about this a lot at StockX, which is like this new, there's this new paradigm emerging of alternative asset class investing. And it's like, no one just wants to invest in like Walmart stock anymore,
Starting point is 00:46:31 or like, you know, whatever, Oklahoma real estate. Like everyone wants something that's both like culturally meaningful, but also kind of like financially savvy. And there are a number of these products that have emerged, sneakers, but also collectibles, trading cards, comic books that serve this kind of dual function, right? They are both, you know, cool to consume, right? They're cool to own and collect,
Starting point is 00:46:51 but they also are like, you know, kind of a savvy investment. I think we've kind of talked about this before, but like, especially with like a collectibles market, you as senior economists, are there like tangible cultural moments or things that you can look to and say like, this has affected the price of,
Starting point is 00:47:11 for the sake of not even just like sneakers, but like things all around, like now collectibles have gone up, or like trading cards have gone up because LeBron talked about it, or you know, whatever. Yeah, trading cards are probably the best example because there's like a really predictable kind of movement, both in like the overall market and then specific cards.
Starting point is 00:47:30 So it's like, yeah, like when a player gets injured, value goes down, right? When a player gets like induct in the hall of fame, value goes up, but then there's like crazy seasonal stuff, like pretty much every time the NBA draft rolls around, like the market heats up and like prices start going up. And so there's like, you know, I think trading cards are maybe the best example of that.
Starting point is 00:47:48 But then like outside of that space, there's obviously, I don't know if we talked about before, but like, you know, with sneakers, for instance, the last dance had this like huge effect on sneaker prices, particularly Jordan prices, and also like Pippin stuff on StockX, Robin stuff, it all went up in value. And so those kind of cultural moments
Starting point is 00:48:05 can also be huge for sneaker collecting as well. Okay, I have two questions. One, do you guys think Scotty Pippin is okay? And number two, if you had a trading card, a trading card of yourself, and someone put it on StockX, what do you think the highest it would go for is? I think right now, like, I'm gonna give myself 50 bucks.
Starting point is 00:48:35 I'm going for 50. Would it be like one of the, it's like they make, you know, they make kind of insert chase cards, there's like refractors and like autos. Would it be an auto card or would it just be like a base card? We'll say base, but it's a rookie. It's a Jesse Einhorn, it's an Isaiah Lester rookie.
Starting point is 00:48:50 I think like, I would say like a hundred bucks. I got some people in my life willing to pay money. Oh, wow. Okay, no, okay, but that's a no, but that's a thing. It has to be like, it's just a- Oh, it can't be friends and family. No, no, no, no, no. Then like, I don't, 10 bucks, five bucks maybe.
Starting point is 00:49:07 What about you, Jesse? I was gonna say 50 bucks. I was gonna say that not that there's anything special, I think so, seeing one person bid on it would drive it just enough once it got to 50, someone would be like, wait, who is this guy? Right, there'd be like some hype.
Starting point is 00:49:23 Yeah, it would just kind of be like, oh, I gotta get it. Right, right, there'd be like some Yasser Rookie Fomo in the marketplace. But yes, and then Pippin being okay, I mean, I hope so. It was like, we got, there was a lot of interest in the last dance when that came out and it was like 99% of questions about that team
Starting point is 00:49:41 when it comes to StockX or like telling me about Jordans. But that week, the week of the Pippin episode, people wanted to know what Pippin products were doing on StockX. It was nice to get the guy's flowers. I mean, he's so good, it's just like, I just like that now he's gone full Phil Jackson sucks, Michael sucks, it's just very, he's better.
Starting point is 00:50:00 He's a bitter guy. He's a bitter guy. He had a good life though, so. He had a good life, you know? But future will ruin, once future's involved in your life. Yeah, you can't, it is a grease mark, you cannot get out of the future. So if future's listening,
Starting point is 00:50:17 please stay away from me and my family, yeah. We all understand why certain products go up in value, like a classic Jordan one Chicago, that's an iconic sneaker. It makes sense that it would grow more valuable over time, but what are some reasons why values go down? Yeah, I mean, that's obviously a super important question and it's one a lot of people ask.
Starting point is 00:50:37 You know, for sneakers, right? There's a really obvious one, the biggest risk, if you're like a sneaker investor is restocks and it might be so obvious that you don't even think about it, right? But it's like, really, if you're an investor in these things and like your portfolio is built around, you know, say like Yeezy 350s,
Starting point is 00:50:54 if Kanye goes on a run and starts restocking like, you know, 10 colorways of the original Yeezy 350 V2s, like you're gonna lose significant value. We actually did like a study of this and tried to quantify like how much restocks affect, you know, Yeezy values and because Kanye was doing this a lot, he still does it a lot, but there was a period where it was like every other week there was a new restock
Starting point is 00:51:14 and we found that values for after those restocks went down between like 30 and 50% on average, right? So like if you had a, you know, like a Yeezy Beluga 2.0 and it was worth $400, like it would be down to, you know, 250, maybe even $200 after the restock. Prices would go back up eventually, but like it's a pretty significant hit. And like, you know, with Kanye especially,
Starting point is 00:51:40 that was an interesting time too, because you probably remember he was like on this tear where he was like, I'm gonna democratize access to Yeezy's, I'm gonna make it so everyone, you know, there's a Yeezy in every household. And like, you know, what that was basically signaling is that there's gonna be a huge influx of supply and that there's like the runs on these things
Starting point is 00:51:57 is gonna be huge. And so like that was a real risk. And there was like a few months there where Yeezy price premiums and Yeezy prices like really bottomed out. And it was like, you know, again, it's like, there's a bright side to this, right? It meant that more people could buy them at retail,
Starting point is 00:52:12 but like as an investment, it was not good. And you know, and also I would argue that it's not great for the brand either. Like there has to be a certain amount of hype and exclusivity around these things. Right. But with something as, I don't know, as iconic as the Yeezy brand does that matter as much
Starting point is 00:52:29 because like he does restock them and he does do all this stuff, but he still sells out whatever shoe he puts out every single week. So is it more important for other brands to be more aware of that than it is to say like a Yeezy who's going to sell a shoe no matter what? Or if it's like, let's say if it's like
Starting point is 00:52:47 they're going to redo the cross, the air cross trainer bone nose one, the medicine ball shoe. You know, like that I see or like the Kobe Grinch even when the Grinch came out because that was like my grail and I got the restock which ended up being essentially a quarter of the price of what the OG was worth on the market. Is it the brand though?
Starting point is 00:53:11 Because I do think that in a weird way, Kanye's kind of won by doing that because like again, the same thing happened where there was a pair of shoes that only released in Asia that he released here that I got that he released here. And I was just like, oh, these are significantly cheaper but I don't know, is that one specific pair though? Like I don't know like, and I know like there's rumors
Starting point is 00:53:34 of like the Beluga reflectives coming out soon he's supposed to, the word on the street is that he's releasing a million pairs of them. So clearly the Beluga OG will be more valuable than the reflective, but I was just wondering like, does it matter more for certain brands than it does for others? I do think, I mean, I do think Kanye has a certain degree
Starting point is 00:53:57 of like invulnerability to this just cause he is such a strong brand. But, you know, two points on that one is that like, you know, there was that time, I think it was like 2000, I wanna say like late 2019, 2020 where there were so many Yeezy releases and the releases were, there were so many of them that prices really were like kind of bottoming out
Starting point is 00:54:16 and they weren't selling out. There were a couple instances where they would sit on shelves and like you could get them for days. And like, you know, alarm bells were going off, you know, I'm sure in Calabasas and to some degree, you know, also in, you know, among the day traders and resellers and investors in these products because it was like, oh, this could be the end
Starting point is 00:54:34 of the Yeezy brand. Wait, can I like- Can I interject with a question? Yeah, absolutely. Because here's the, if we're talking about like the stock market of it all and the investment of it all, like again, so much of it is speculation, right? And I think that also we're talking about
Starting point is 00:54:52 that I think can't be separated from that is the idea that like Kanye became like publicly became like this hated figure for a second, right? Not amongst me and Zaya, but like, but he was on a, you know, it was the Trump stuff. There was like a lot, there's the red hat stuff, like him and Jay-Z, like there was all these things happening, like an announcement for running for president.
Starting point is 00:55:16 So it's like do the hard part for me to reconcile is how much of that was actual public disdain that was happening along with a huge surplus of shoes. Cause I wonder if had he just, for the sake of, and again, this is a speculation, but if Kanye stays quiet and releases the same amount of shoes, does he still sell out? And I think December actually will be kind of,
Starting point is 00:55:43 this December will be the kind of marker or litmus test for that, right? He's releasing 14 Yeezys this month. And like this is politically the quiet he's been in a long time. So I guess maybe we'll see, but anyway, sorry, I was just wondering if they look at that. That's a great, that's a great point.
Starting point is 00:56:01 I mean, there was like, this is, I think a, this is not a debate that most people know about because most people aren't this deep in the weeds, but there was kind of, and there is this like, kind of debate, right? It's basically a demand side versus supply side debate about why Yeezys sort of had that low point. The supply side argument is that there was just too many
Starting point is 00:56:20 Yeezys being released. And the demand side was like the MAGA hat. And like your point is that, yeah, if he takes the MAGA hat off and it's just the supply side this December and we get 14 Yeezys, like, you know, will we see the same kind of effect on prices or will they still be like real investable, like high quality investments?
Starting point is 00:56:37 And that's a great, it's a great like sort of natural experiment. It's like, you know, ideally he would like change his party registration and like, you know, endorse, you know, Pete Buttigieg for, for, for, for president. So we could get like a pure A B test of like, you know, how Kanye's politics affected. I honestly think saying he's for Pete Buttigieg
Starting point is 00:56:56 would actually hurt him more. He does like a panic at the disco. Oh my God. I, yeah, I truly would be like, oh, I would be like, I'm out. Yeah, that might kill it. I mean, it is like a very, you know, it's a super interesting and kind of open question. I will say that, like, you know, what we saw
Starting point is 00:57:16 to give us another data point, like what happened with Pharrell NMDs where they released just a ton of Pharrell NMDs in like 2017 and they used to be one of the most like high quality investment sneakers you could find, like prices would stay up. And they released, we did a study of this, like the number of releases during that like 2017 era,
Starting point is 00:57:34 it was insane. Like it was like one every other week. They went from being very limited to being ubiquitous and prices just collapsed. Like these sneakers used to go for three times, four times retail and they, then they would not sell out. They would go for like under retail and it took, it's taken years.
Starting point is 00:57:49 I don't know if they've ever, they really haven't come back in any meaningful. It hasn't fully recovered. It hasn't fully recovered at all. No. Yeah. Not for the MD. And so going back to your, obviously we've gone on a tangent
Starting point is 00:58:00 here, but going back to your like original question, like what causes prices to go down? Like what are the risks? Like this is one of the main risks, which is like brands, you gotta be like, you gotta, you gotta have a certain amount of faith that the brands will be smart about their supply strategy and that they'll be, you know,
Starting point is 00:58:15 somewhat like restrained in terms of how, how, how far they push it. Cause there's always going to be the incentive on the brand part to like make more money and sell more sneakers and sell more toys and comic books and whatever. But like they also have to be smart and you gotta have to trust them to be smart
Starting point is 00:58:30 that they're not going to flood the market and just kill everything. Cause that can really happen. An analogy, another analogy, right? Is what happened the nineties with trading cards, right? Like, you know, at the, at the peak of the junk wax era, the card companies were making 81 billion cards a year, 81 billion they were making.
Starting point is 00:58:47 And like you and I, you got, you were from this era, right? Like if you bought cards between like 88 and like 94, right? Like those cards aren't going to be worth anything now cause there was just so many of them. They were just pumping them out. And it was like, it just killed the hobby. And I think this is something that like the lessons have been learned, like the brands have learned.
Starting point is 00:59:04 That's like, you can't get too greedy. You can't put too much product out because like you're going to kill like any kind of investment market there is. Yeah. Well, Jesse, first of all, you talked way too much. So I will say it feels like it's time for you to ask us questions. Let's do some questions.
Starting point is 00:59:21 We'll do a quick lightning round. I want to, I want to test some knowledge here, what we've learned and we're going to be, there's a quick Q and A about investments and collectibles. So let's start out with this. So I'm going to give you four kind of types of assets. And I want you to rank which are the most profitable from best to least.
Starting point is 00:59:40 And so we're going to start out with Jordan fours is one, cause collectibles, two, Air Max ones, three, and then the Dow Jones industrial is four. So, so, so those are your four, those are your four categories. And we're going to be looking at, just to give you a timeframe, let's say from the beginning of 2020 to the present,
Starting point is 01:00:05 you know, which of those four from, from best to least was the, was the best investment versus the worst investment. Air Max lowest Dow Jones cause figures, Jordan fours. Jordan fours being most valuable. I'm going to go Jordan four, cause figure Air Max Dow Jones. Okay. So the answers are, and I got to say this is, this was taken a couple of months
Starting point is 01:00:32 ago that we did this analysis. Dow Jones is actually last and the S&P 500 is last. It's like 30 or 40% Air Max ones second to last with a 50% price of profusion since 2020. Cause figures are number two. They've appreciated by about 60 or 70% on average since 2020. Jordan fours are up there at 100% price appreciation.
Starting point is 01:00:57 Right. I think I, Yeah. I was going to say, I say, I nailed it. There's nails, that's not on the list. You nailed the list. That was good. All right. You know, again, I may have like zero effect on people and maybe just generally like, you know, listen to the strong emotion,
Starting point is 01:01:13 but yes, or you consistently come in second in these guessing games. And I almost think that's like, I'm needing a more humbling fact. Jesse got the blade. Hey, first of all, a little bit of spicy mustard on the sausage there. All right, everyone.
Starting point is 01:01:37 That was a resident nerd, Jesse Einhorn, stock X senior economist. Probably just tipped tapping away on one of those calculators that prints out the numbers. Like to crank it as you go, right? He wears a little visor. Oh yeah. It's like, do you have to be union?
Starting point is 01:01:59 Do you have to be in a union? Jesse, Jesse, do you have to be union? Yeah. Okay. Yeah. We're with, we're with, we're with unite here. Okay. I, here's the thing again, people can see you. So they can't see that you're wearing a little visor and a tiny little bow tie and a vest as you crank away at your little dumb little calculator.
Starting point is 01:02:18 But we want to thank you for stopping by and giving us your nerd knowledge. Again, you didn't have to. And it feels like we actively disinvite you every time and you still show up. So that's pretty cool. Yeah. And I just want to say solidarity. Appreciate you supporting our union.
Starting point is 01:02:31 And you know, it's like, we'll see you on the senior economist picket line. Oh my God. All right. Zay, you know what we got to do now, right? A storm front is coming through. You know what I'm saying? A heat wave or maybe, maybe a cold pressure thing.
Starting point is 01:02:55 Yeah. There's never any love for the cold fronts. We always talk about the heat wave. We always talk about the cold fronts. We don't talk, we don't talk about the chilly chill. We don't, you know, we never, we never get it into it as some icy boys. So icy, man.
Starting point is 01:03:13 So icy. Okay. But this is, you know, the, you know, we're going to try and forecast some heat, right? Families, you know, they used to take pride in having like huge movie collections at home, right? Me still being one of those guys. I'm families by myself. Me, my wife and my dog.
Starting point is 01:03:31 But now it's weird, right? We also moved from like records to CDs to MP3s and streaming and now records are cool again, right? Here's my question to you. Do you think like a DVD, a Blu-ray, does that become cool again? Or in general, what do you think is coming back? Like even like a card you'd want to buy.
Starting point is 01:03:50 I know you have some that we need to talk about, but any dope, merch or collectibles from the pandemic, anything like that. I think what's going to be like in terms of a really good, strong collectible. For one, yeah, I do, I do think DVDs will be cool again. I think any old technology will be cool again. I think that like any or wired earbuds that aren't Apple,
Starting point is 01:04:15 you know, just like old headphones and like CD players, you see places like that'll have like the first, you know, first generation iPhone, it's like 10 grand. I think you'll definitely see a lot more of that, especially as we move into like a metaverse and people will be wearing headsets for stuff and they won't be looking at a computer screen as often as they are now.
Starting point is 01:04:35 Or like a laptop screen. So I do think, I think like old technology will be something and just like, you know, like it's like as scary as it is, but like a robot that was just a toy and not also your best friend. Like they will be in 20 years. That will also be very popular, but like, yeah, I do.
Starting point is 01:04:54 I do think that kind of stuff will, will always be popular from here on out. It's like finding old stuff from like, you know, the like kitschy stuff from the 50s and 60s, like an old easy bake up. And it's like now it'll just be stuff that we kind of grew up with. But in terms of what I think the future is gonna have
Starting point is 01:05:15 in terms of collectible, I think it's gonna be like newspapers and magazines. Like even more so as it, even more so as it is than it is now, but to like have a time magazine cover with like whoever on it or like the person of the year from 1994, that'll be like a big get because papers are dying. So I think to have that like an old,
Starting point is 01:05:38 like an old newspaper or something, I think like that will be a collectible thing. The sports section from when Tampa Bay won the Super Bowl last year, just stuff like that, I think will be valuable. The sports section from the Ray Lewis, being in Atlanta. Yeah, yeah, yeah, yeah, I feel like, yeah. The Snitcher Bowl, the Snitcher Bowl. The Ray Lewis, when he's dancing, it's like,
Starting point is 01:06:04 he's not screaming, he's snitching, he's screaming somebody's name when he does that little dance. His name was Mike. Yeah. Good, bad guy. That's what I think. I think it'll be stuff like, yeah, the stuff that we're no longer about to start making,
Starting point is 01:06:25 I think people naturally will want to collect those things. It's really interesting. What about you? Mine's goofy just because they haven't happened yet, but I do think they're going to come back. I don't know how long they'll last. And I mean, that's sincerely, but I genuinely think like collectible cups and mugs.
Starting point is 01:06:46 Like remember when it was like, you would get like the plastic cup that's like Disney presents or like, you know what I'm saying? Like a big cup that was like, it'll be like a big scape of like art all around it. I would start to wear on. Yeah. I weirdly think it's going to be stuff like that
Starting point is 01:07:02 because like those things, they still make those things, right? Like if you go to a Super Bowl or a World Series, like a sporting event, whatever, like all those things still exist, but they don't hold any value. Whereas when we were kids, like you would like run to a Burger King
Starting point is 01:07:18 to get one of them, right? Yeah, they're doing a set of five out of five. And you had to be like, I got one through, I got one, four and five. I need the other ones. They're like, yeah, you definitely get that. But like, yeah, I actually just, because the Braves, you know,
Starting point is 01:07:34 Braves just won the World Series, shout out to Braves. I bought a bunch of that stuff. I got the cup and I got the pen. I got like, you know, the novelty towel and things of that nature. But yeah, you're right. It wasn't, and they were, you know, they were very cheap. It wasn't like an expensive thing.
Starting point is 01:07:52 Right. But that's an interesting choice. I think that, cause like, what you're saying is the smarter answer because that holds a tangible, it holds a tangible value over time. But cups are those things that do go up and down. And I think right now,
Starting point is 01:08:09 they just haven't had their moment again yet. And I think they're about to, because we've kind of touched on all the other like collectible touchstones, like other than like, you know, for the sake of like beanie babies, which might have a resurgence, but like other than that,
Starting point is 01:08:21 I think the thing that we will be seeing is like a cup thing. A cup thing. A cup resurgence. That is so weird to me. Maybe a little way in O.D. with the double cup, like a Disney princess double cup. Oh man.
Starting point is 01:08:42 That is a bad way to end this episode. He'll survive. He'll survive. That is just not a great way to do this one. I gotta say. But that way, what if he was just like, Tee-hee-hee-hee, it was princess and the frog. Oh no, y'all.
Starting point is 01:09:05 But personally I've collected, I started doing cards a little bit. You know, I'm just like dabbling in cards again. I actually ended up buying a pack of cards on a whim. And it had a Jalen Green rookie in it with a piece of his jersey. And I was like, oh, I'm off to a flying start. So I get the hook now because I want to buy
Starting point is 01:09:27 five more boxes after that, but that's not gonna be in there again. I just got super lucky. Right. You know, and now I want Jalen Green to just shine with his locks and his long, pretty hair, you know. He's got, he's like, he got like the pom-pom range, you know, like for the little girl from the proud family.
Starting point is 01:09:46 Yeah. He's got like that, he's got that look going on. Yeah. Okay. Well, look, I feel like you end to get on like a little Wayne Jalen Green thing is way worse than me calling it a cup thing, but I digress. Ha ha ha ha.
Starting point is 01:09:58 It's Ariel. Ha ha ha. The little mermaid drinking all something blue. It's like, you mean the ocean? You mean the ocean. All right, y'all. Thank you so much for listening to history of Heat Presented by Stock X and Head Gum.
Starting point is 01:10:15 The first nerd, everyone knows his name. My name is Jesse Einhorn. Thank you very much. My God. And my co-host, my co-host and my best friend, his name is Isaiah Lester. And I'm Yasser Lester.
Starting point is 01:10:29 Thank y'all so much for listening and we will be right back with y'all soon. Peace. That was a Head Gum Original.

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