Sneakerheads Profit from Camp Out at Reigning Champ on West 4th

Anyone notice the giant line at the corner of West 4th and Arbutus yesterday?

More than 300 people lined up early Tuesday morning in front of Reigning Champ – dozens of them overnight in the freezing cold – along West 4th to buy a pair of limited-edition Adidas Ultraboost sneakers.

Hours after the the popular trainers in grey and black wool went on sale at Reigning Champ, pairs started turning up on Craigslist at a 500 per cent markup.

While they retail in Canada for $260, shoppers waiting in line to buy the rare kicks speculated that the shoes could fetch upwards of $600 in Europe.

Little did they know that a couple pairs of the elusive shoes would end up for sale in Vancouver later in the day for $1,500 each.

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