The world of footwear reselling is nothing new. People act like it was invented last week and while the Dunk played a heavy role in resell as we know it, it actually pre-empts the SB. Between 1996 and 1998, local newspapers in the USA were scattered with tales of the goldmine sitting in Americans’ attics, as Japanese kids were willing to spend big on their old shoes. In the mid 1990s, Japan had the shoe boom that never seemed to hit the western world until around half a decade later. The Nike Air Max 95’s role in this was substantial (the Jordan XI played a role too) with the shoe selling out and becoming one of the first shoes beyond the Jordan I or made in France Superstars I ever heard silly resell prices quoted for (though X-Large and Acupuncture were selling all things old school for a fair amount — and the hiked price on obscurities was an age-old phenomenon). In fact, a spate of Japanese AM95 (and, as I recall, AM97) robberies in Osaka even got column inches.
Post AM95 there seemed to be a surge in interest in AJ1s, Terminators, Pythons and mid 1980s basketball, but around 1997/98, the Dunk was the most sought after. That led to the sumo ads (sorry, no Force, Flight, Pegasus, Nike Air, Triax or Zoom — an indicator as to what was hot in Tokyo that year) that did the rounds urging small-town Americans to have a dig and make some money. Above, you can see another example of those ads, via the Grand Rapids-based Small Earth company. I’ve thrown a scattering of the column inches of the time, including a Michigan-based newspaper’s account of the far eastern popularity of their university’s colours on the Dunk.
The documentation of this phenomenon was a little warning (including accounts of unwary owners digging out old Daybreaks, Legends and French-made Concords to make a quick buck, plus Japanese collectors’ ability to spot the difference between 1985 Jordan Is and 1994 ones) about the hype to come, but it’s little surprise that some shelves and lofts were probably dry on the deadstock side of things once America realised it wanted to stock up on colourways too. Stop acting like this is a contemporary phenomenon.