Six months ago the shelf was the bottleneck. Today it's the glut. Lost & Found Jordan 1s that cleared $500–600 last year scan $300 flat on StockX, the Reimagined 3 and the Panda Dunk restocked until exclusivity broke, and Supreme's box-logo tee prints $60 against a 2022 comp of $130 with 94% full-price sell-through. The bot era ended when the shelf caught up.
Craft held. Kapital Bone Boro moves at full ¥198,000 with no discount cycle — ~40 units per colorway, hand-stitched in Kojima, the price floor is the ceiling. NB 990v6 MiUSA holds $210 list through secondary; Teddy-era supply compounds without resale premium, which is the whole point. Issey Miyake '90s search is +33% YoY on Grailed. Visvim F.I.L. Indigo Camping Trailer cleared its Spring Kyoto capsule in 48 hours. Mizuno — of all things — +124% YoY as the tech-runner lane rotates in.
Loyalty replaced hype as the allocation mechanism. Corteiz tunes RULES-to-ship on the last three releases; AUMM caps at verified holders. Get on the list before you get on the ticket. Identity is the new bot.
The full terminal dispatch — ticker, six prints, drop calendar, wire — reads on /posts/seeing-the-future-0169-streetwear.html. Wear the jacket. Keep the receipt. Sell nothing.