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From the time of Spike Lee's Mars Blackmon talked about Michael Jordan's shoes were the main reason he dominates on the basketball court in Nike ads, the world's passion for shoes has transformed into obsession. And then, one New York City teenager is cashing in our passion for kicks.

Chase Reed, 16, has accessed the lucrative potential of shoe culture by opening the world's first sneaker's only pawnshop in Harlem. Sneaker Pawn lets people to promote their high-end collectible shoes for cash. The priciest pair of shoes, a pair of Lebron Crown Jewels, costs $1,400.

I used to ask my father for money for sneakers, and then he would ask me for something in return, Chase said. " I was basically pawning my old sneakers to my father, and it began to click before long.His $30,000 shoe collection was what helped bankroll the one of a kind store.

Troy Reed, Chase's dad, said that his son has always loved sneakers and fashion. "So, I sat him down one day and told him that it was time to turn his passion into money", his father said.
Both said the store has quickly become a neighborhood spot for teens to come and hang out after basketball practice or school.

We're enjoying themselves, said Chase, between telephone calls and haggling with customers.

Sneaker Pawn works like any pawnshop. They let you know how much the shoes are worth, supply the cash to you on loan and so the customer has 30 days to repay them. The shoes must be mint condition or lightly used. One of the most coveted would be the Crown Jewels or vintage Air Jordans. Sneaker Pawn also refurbishes and customizes sneakers.

Reed stated that there are numerous of reasons that people want to pawn their shoes. ?¡ãTeenagers came in to pawn their sneakers for prom, he explained. "We've had people come in who don't know what to do with a dead relative's sneaker collection, but need money for the funeral."

Entering just his junior year of senior high school at Fredrick Douglass Academy this fall, Chase has made one dream come true. He hopes he can keep that trend going when high school is over.

"I want to go to Howard University or UCLA. I really like the Cali lifestyle", he said.