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Jesse Einhorn

Where can you find a PS5? Try sneaker resale site StockX

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Every week, shoppers online scramble to get their hands on some new sneaker release, and every week, most invariably fail. But the hunt isn’t over. Those willing to pay a premium for their desired shoes will always find them on resale marketplace StockX.

StockX’s trade in sneakers helped it snag a $3.8 billion valuation in April, and the company is growing fast as sneakers become status symbols. But its ambitions have always been bigger than footwear and StockX is already seeing success elsewhere, like in electronics: Many shoppers unable to get their hands on a PlayStation 5 at retailers have been finding them at a premium on StockX.

Since November in the US, the company says it has sold around 83,000 PS5 standard consoles at an average sale price of $573, and 55,000 PS5 digital versions at an average price of $531. (The PS5 retails at about $499 and $399, respectively.) In the past year, the game console was the top-selling product on the site by both number and value of sales, according to Jesse Einhorn, StockX’s senior economist.

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