Haha I will try to find a copy. Anecdotally, the goods I saw were far from conspicuous. They all looked straight out of some music videos (heard of the "Ugly" shoes?).
There is also a significant subculture or sneaker collectors who buy them like someone might a rare run of “collectible” action figures, where rareness is all that matters over the value of the item per se. Some crazy-seeming sneaker prices are just companies catering to that market. Of course there’s overlap and symbiosis with the signaling crowd, too.