G H UA
N
O
H

F INE C HINESE D INING

“A wonderful adventure in fine dining” ~ Danny Raskin

Open 7 days a week for lunch and dinner
Catering and carryout available
Gift certificates

27925 Orchard Lake Rd., North of 12 Mile, Farmington Hills

248-489-2280

www.honghuafinedining.com

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a price guide based on the data and
analysis of these collectible items to
offer real-time information to its cus-
tomers and greater transparency to
the sneaker marketplace.
That Adidas Yeezy Boost 350 V2
Butter your neighbor down the street
wanted? Bidding is live now and
starts at $258. The Converse Chuck
Taylor All-Star edition you’ve always
desired is being offered in real time,
with bids starting at $135. It’s not
uncommon to see some collectible
sneakers bid in the tens of thousands
of dollars. The “Nike Air MAG Back
To the Future (2016)” is currently
seeking $30,000.
You can use the marketplace to
both purchase items and offer ones
you own for sale. This original sneak-
er ecosphere has quickly grown into a
sizable business, raking in well more
than $2 million in daily sales.
The company is based almost

entirely in the city of Detroit, yet
most of the region has not heard
about it. StockX is taking a 10 per-
cent fee on each transaction. Do the
math: That’s hundreds of thousands
of dollars coming back to this One
Campus Martius-headquartered ven-
ture, day after day.
The StockX business model is
rarely seen in the Midwest economy,
yet the company proved early that
not only can the business be centered
in Detroit, but it can also have almost
all its employee based here.
Its four operations centers are in
Corktown; Tempe, Ariz.; greater New
York (with plans for growth); and just
outside of London, England. There is
a small office in London as well. Most
of the 400-plus employees hired dur-
ing the last three years are well under
age 40 and live and work in the city
of Detroit. The company is predicting
an employee base around 1,000 by

“ BROADWAY’S FUNNIEST

MUSICAL COMEDY IN AT LEAST 400 YEARS!”

–TIME OUT New York

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September 20 • 2018

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