Kobe Bryant death causes sneaker price rise: Urban Necessities bans it - Business Insider

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Kobe Bryant death causes sneaker price rise: Urban Necessities bans it - Business Insider
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A major sneaker consignor is barring users from raising prices on Kobe Bryant sneakers as the resale value explodes on sites like StockX

The former Los Angeles Lakers player who died Sunday in acollaborated with brands like Nike and Adidas to release different signature sneakers throughout his lifetime.

But some consignors are actively stopping users from profiting from Bryant's tragic death. Jaysse Lopez, the founder ofand resale company Urban Necessities, told those who consign with him that upping the price on Bryant's items in the wake of the tragedy would not be allowed.regarding his decision. "Due to the recent passing of Kobe Bryant and out of respect for his family and legacy, we will not allow price changes on Kobe items that are consigned," read the letter, Complex first. "If you have increased prices on Kobe items, we will be reverting the price back to the original listing price."

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