{"id":6119,"date":"2017-01-13T21:06:09","date_gmt":"2017-01-14T02:06:09","guid":{"rendered":"https:\/\/stockx.com\/outsole\/?p=6119"},"modified":"2019-06-17T16:19:09","modified_gmt":"2019-06-17T20:19:09","slug":"cavs-championship-court-spo","status":"publish","type":"post","link":"https:\/\/stockx.com\/news\/cavs-championship-court-spo\/","title":{"rendered":"StockX Launches Exclusive Cavs Championship Court SPO"},"content":{"rendered":"<h4><b><i>The Cavs Court SPO (StockX Product Offering) consists of a commemorative sneaker box made from the Cleveland Cavaliers\u2019 championship court, a 2016 NBA Championship Ring, and a limited LeBron James sneaker, with portions of proceeds to support the Cavaliers Youth Foundation.\u00a0<\/i><\/b><\/h4>\n<p><span style=\"font-weight: 400;\"><b>January 13, 2017 [DETROIT]<\/b> \u2013 <a href=\"http:\/\/stockx.com\" target=\"_blank\" rel=\"noopener noreferrer\">StockX<\/a>,\u00a0<\/span><span style=\"font-weight: 400;\">the world\u2019s first online consumer \u201cStock Market of Things\u201d today announced a historic offering in connection with Nike and the Cleveland Cavaliers to launch the Cavs Court SPO, which will create a first-of-its-kind championship consumer experience and make StockX the first destination for consumers to purchase the <a href=\"https:\/\/stockx.com\/nike-lebron-1-air-zoom-generation-retro-first-game-2017-cavs-court-pack\" target=\"_blank\" rel=\"noopener noreferrer\">Air Zoom Generation First Game<\/a> and the <a href=\"https:\/\/stockx.com\/nike-lebron-14-out-of-nowhere-cavs-court-pack\" target=\"_blank\" rel=\"noopener noreferrer\">LeBron 14 Out of Nowhere<\/a> colorway. Earlier today, Nike announced the release of the first retro from the LeBron James signature sneaker line. The LeBron 14 Out of Nowhere will drop at a date later this month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Cavs Court SPO will allow consumers to bid on a package that includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Sneaker: <\/b><span style=\"font-weight: 400;\">Either the Air Zoom Generation First Game or the LeBron 14 Out of Nowhere colorway. 23 pairs of each sneaker will be sold, making a total of 46 pairs available through the Cavs Court SPO.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Sneaker Box:<\/b><span style=\"font-weight: 400;\"> A commemorative sneaker box crafted from the hardwood of the Cleveland Cavaliers court from their 2015 \u2013 2016 championship season. A certificate of authenticity will include a court map showing the exact location of the wood for each box.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Cavs Championship Ring:<\/b><span style=\"font-weight: 400;\"> A team-issued Cavaliers 2016 NBA Championship ring (not otherwise available to the general public).<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Charity: <\/b><span style=\"font-weight: 400;\">The Cavs Court SPO celebrates the relationship between the Cavaliers and the city of Cleveland\u2019s youth.<\/span> <span style=\"font-weight: 400;\">StockX is a proud supporter of Cleveland charitable and non-profit organizations and will contribute a portion of the proceeds from the sale of the Cavs Court SPO to the Cavaliers Youth Foundation.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u201cWith StockX, we\u2019ve set out to create a unique form of commerce that genuinely doesn\u2019t exist outside the stock market,\u201d said StockX co-founder and CEO Josh Luber. \u201cThere is no better way to continue that mission than by launching our first sneaker SPO featuring a Nike product and commemorating perhaps the greatest championship run in NBA history.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis team accomplished many firsts last year \u2014 the first Cavs championship, the first team to come back from 3-1, the first Cleveland title in 52 years,\u201d added Len Komoroski, Chief Executive Officer, Cleveland Cavaliers. \u201cEver since the clock struck zero in Game Seven we have been hard at work on creating experiences for Cavs fans across the country to continue to celebrate, and I could not be more excited to merge two passions of mine to support a new run of historic firsts, this time in the commerce and sneaker space.\u201d \u00a0<\/span><\/p>\n<p><b><a href=\"https:\/\/stockx.com\/nike-lebron-1-air-zoom-generation-retro-first-game-2017-cavs-court-pack\"><br \/>\n<\/a>How a StockX Product Offering (SPO) Works<\/b><\/p>\n<p>A StockX Product Offering (SPO) allows buyers to place bids on a product being released, establishing the market value for the product. After a pre-bidding period, the product is sold to each of the highest bidders based on the number of products being released. Like on the New York Stock Exchange, this blurs the line between retail and resell. A product is released at its true market value but is immediately available on the secondary market where trading can continue, uninterrupted.<\/p>\n<p><b>Cavs Court SPO Key Dates<\/b><\/p>\n<ul>\n<li><b>Pre-SPO:<\/b><span style=\"font-weight: 400;\"> Pre-bidding opens Friday, Jan 13, 9:00 pm ET.<\/span><\/li>\n<li><b>SPO Date:<\/b><span style=\"font-weight: 400;\"> Pre-bidding ends Thursday, Jan 19, 11:59 pm ET. At that point, winning bidders will be notified.<\/span><\/li>\n<li><b>Post SPO:<\/b><span style=\"font-weight: 400;\"> Once all SPO purchases are confirmed, buyers have the opportunity to resell their Cavs Court SPO package on StockX\u2019s platform.<\/span><\/li>\n<li style=\"font-weight: 400; list-style-type: none;\"><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is the second SPO of a limited-edition consumer product for StockX, which launched in February 2016 as a live &#8220;bid\/ask&#8221; marketplace that connects buyers and sellers via the exact same method used by stock markets across the world. The first SPO came in August when the company partnered with Roc-A-Fella records founder Kareem &#8220;Biggs&#8221; Burke to launch exclusive, limited-edition merchandise to celebrate the twentieth anniversary of Jay-Z\u2019s first album, Reasonable Doubt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since launch, the company has been focused on the $6 billion global sneaker secondary market and has been growing quickly, in part because StockX authenticates every pair of sneakers sold on the site. This growth has paved the way for StockX to take the next steps towards becoming a &#8220;Stock Market of Things&#8221;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe three tenets of a live bid\/ask market are transparency, anonymity, and authenticity,\u201d said Luber. \u201cThose tenets will guide us as we grow, whether that growth comes from expanding into other verticals such as watches and handbags, or other brands launching new products on our platform.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"aligncenter size-large wp-image-6133\" src=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-1100x733.jpg\" alt=\"StockX Partners With Nike &amp; Cleveland Cavaliers to Launch LeBron Air Zoom Generation Retro and LeBron 14\" width=\"1100\" height=\"733\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-1100x733.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-300x200.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-768x512.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-945x630.jpg 945w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-1200x800.jpg 1200w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-005-530x353.jpg 530w\" sizes=\"auto, (max-width: 5760px) 100vw, 5760px\" \/><\/span><\/p>\n<p><b>Cavs Fans Can Own a Piece of History<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">In addition to the Cavs Court SPO, Cavs fans everywhere will have other opportunities to have their very own piece of Cleveland history beginning Friday as the Cavaliers will also offer various commemorative products made from the actual 2016 Cavs NBA Championship court. These historical keepsake pieces of the court will come in a range of sizes and custom packaging and presentation options, starting at just $20 and all available at the Cavaliers Team Shop at Quicken Loans Arena and <\/span><a href=\"http:\/\/cavs.com\/shop\"><span style=\"font-weight: 400;\">cavs.com\/shop<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0 A portion of proceeds from the sale of these commemorative items will benefit Cleveland charitable and non-profit organizations through donations made by the Cavaliers Youth Foundation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">\u201cWhile the title and trophy were won by the team, the championship belongs just as much to the City of Cleveland and our great fans.\u00a0 So it is only fitting that they should have a piece of this history for themselves,\u201d said Tracy Marek, Cavaliers Senior Vice President of Marketing and Chief Marketing Officer.\u00a0 \u201cWe are thrilled to be able to offer this unique opportunity for our fans to have a permanent reminder of the incredible joy felt in Cleveland in 2016.\u00a0 We hope that this allows them to continue celebrating forever.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"aligncenter size-large wp-image-6132\" src=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-1100x733.jpg\" alt=\"StockX Partners With Nike &amp; Cleveland Cavaliers to Launch LeBron Air Zoom Generation Retro and LeBron 14\" width=\"1100\" height=\"733\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-1100x733.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-300x200.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-768x512.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-945x630.jpg 945w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-1200x800.jpg 1200w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/CavsCourtIPO-20170112-003_2048px-530x353.jpg 530w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/span><\/p>\n<p><b>About StockX<\/b><\/p>\n<p><span style=\"font-weight: 400;\">StockX is the world\u2019s first online consumer \u201cStock Market of Things\u201d for high-demand, limited edition products. Participants buy and sell authenticated products in a live marketplace where they anonymously trade with the stock market \u2013 like visibility. The StockX exchange offers buyers and sellers historical price and volume metrics, real-time bids and offers (asks), time-stamped trades, individualized portfolio tracking, and metrics, as well as in-depth market analysis and news. StockX launched its inaugural marketplace in the secondary sneaker space with plans to expand to additional consumer product segments that have a natural need for a live secondary market.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cavs Court SPO (StockX Product Offering) consists of a commemorative sneaker box made from the Cleveland Cavaliers\u2019 championship court, a 2016 NBA Championship Ring, and a limited LeBron James sneaker, with portions of proceeds to support the Cavaliers Youth Foundation.\u00a0 January 13, 2017 [DETROIT] \u2013 StockX,\u00a0the world\u2019s first online consumer \u201cStock Market of Things\u201d [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"brands":[],"series":[],"verticals":[],"class_list":["post-6119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - 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Nike LeBron 1 Air Zoom Generation, Nike LeBron 14 \"Out Of Nowhere\""},{"@type":"BreadcrumbList","@id":"https:\/\/stockx.com\/news\/cavs-championship-court-spo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/stockx.com\/news\/"},{"@type":"ListItem","position":2,"name":"StockX Launches Exclusive Cavs Championship Court SPO"}]},{"@type":"Person","@id":"","url":"https:\/\/stockx.com\/news\/author\/"}]}},"article":{"url":"https:\/\/stockx.com\/news\/cavs-championship-court-spo\/","title":"StockX Launches Exclusive Cavs Championship Court SPO","date":"January 13, 2017","category":"","featured_image_url":"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2017\/01\/combined-package-1000x630.jpg","verticals":[],"author":{"url":"https:\/\/stockx.com\/news\/author\/","name":false}},"_links":{"self":[{"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/posts\/6119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/comments?post=6119"}],"version-history":[{"count":4,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/posts\/6119\/revisions"}],"predecessor-version":[{"id":64654,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/posts\/6119\/revisions\/64654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/media\/6123"}],"wp:attachment":[{"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/media?parent=6119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/categories?post=6119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/tags?post=6119"},{"taxonomy":"sx_brand","embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/brands?post=6119"},{"taxonomy":"sx_series","embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/series?post=6119"},{"taxonomy":"sx_vertical","embeddable":true,"href":"https:\/\/stockx.com\/news\/wp-json\/wp\/v2\/verticals?post=6119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}