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This is Money Podcast

Would you invest in sneakers or the new space race?

This is Money Podcast

This is Money

Business News, News, Investing, Business

4.4734 Ratings

🗓️ 18 June 2021

⏱️ 52 minutes

🧾️ Download transcript

Summary

Sneaker investing – those in the know don’t call them trainers, apparently – has become a big thing in recent years and as values have risen, so has the volume of fakes.
It’s not just knock-offs aping standard sneakers anymore, some of the counterfeiters are dabbling in shoes that could go on to be worth thousands of pounds.
Can anything be done, does it matter and what’s the attraction if investing in sneakers anyway?
This is Money’s Grace Gausden went behind the curtain with eBay, which has its own crack team of fake sneaker spotters, to find out more and tells podcast listeners all about it here.
Alongside, Georgie Frost and Simon Lambert, Grace discusses the tests that can spot a fake and why eBay is cracking down.
Meanwhile, Simon looks at the comparisons between sneaker investing and other more established alternatives, such as art, wine and classic cars and, of course, the new kid on the block, crypto.
Also, on this week’s show the team discuss the courses for those who haven’t driven in years and the best cars to insure new drivers on.
Simon looks at why smart Chancellors can’t help inflating house prices and why the holiday part was the problem with the stamp duty cut.
And back on an investing tip, if sneakers are a bit too down to earth for you, how about backing a space investment trust? 

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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to This Is Money Podcast. I'm Georgie Frost and alongside me and editor Simon Lambert. Today is consumer expert Grace Gorsden.

0:06.9

And coming up, Grace has been to sniff out eBay's new trainer authentication centre, but will it stop the flood of fakes to the market as sales boom?

0:16.8

Simon takes aim at the smart people who choose to inflate house prices. We ask if Prime Day is better than Black Friday, or are they both a load of rubbish?

0:24.9

Are confidence driving courses worth the money?

0:28.3

What are the best value vehicles for young people to get cover?

0:31.6

And move over crypto is space tech, the new cool investment kid in town.

0:37.1

Don't be getting to step to date with all the latest breaking money news just to go to this ismoney.co.

0:41.3

UK or download the app.

0:43.3

But first, I'll be honest with you, Grace.

0:46.3

I'm not really a shoe person, but I understand there are a lot of people who are, especially trainers,

0:53.3

if you take a look at Instagram,

0:55.8

and not cheap ones either. Some people are even viewing them as investment pieces,

1:01.0

but as with anything popular when it comes to money, in comes the scammers and trainer fraud is big.

1:07.9

So eBay have opened its first authentication centre. It's in London. It focuses on

1:13.8

high value shoes and our Grace went to visit it. Grace, just first and foremost, set out the problem

1:21.0

that eBay is looking to fix. If you're like me and you just think, you know, 60 whatever quid on a pair of trainers, do the job,

1:29.7

you know, is it such a big deal? Well, they are focusing primarily on what they call sneakers.

1:36.1

And I say sneakers, not to be difficult, but I have been informed that if you are someone who is

1:41.5

very interested in high value, what we would call trainers,

1:45.2

even in the UK, they call them sneakers.

1:47.8

And these people are really, really invested in what they do, what they buy,

1:54.6

and basically the whole sneaker culture.

...

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