The price of Chinese sportswear producer Anta's Doraemon-themed casual shoes on the platform was sold at 4,599 yuan - eight times higher than the original price of 499 yuan.
Normally, money and scalpers that specialize in fancy shoes tend to speculate on foreign brands such as the Jordan 1 - a series of basketball shoes jointly designed by Nike and NBA legend Michael Jordan - a seasoned collector surnamed Sun who owns more than 200 pairs of shoes told the Global Times on Monday.
"But after the Xinjiang cotton incident, the risks of speculating on these brands caused by market uncertainties due to their vague attitude are growing, so many scalpers are shifting to domestic brands to avoid risks. This should be the main reason," Sun said.
Speculation involving special editions has driven up prices of some common models as well, drawing complaints from ordinary customers who said that it's hard to get a pair of normal shoes for an affordable price.
Oil speculation proved a natural arena for his skills.