Jordan 5 What The: All 8 Colorways, 2020 Specs & Resale Guide

The Jordan 5 What The (style code CZ5725-700) celebrates 30 years of sneaker drip by mashing eight non-original colorways into one pair. Released on November 7, 2020 for $220 retail, the shoe features a yellow Tokyo 23 right upper ($6,500 peak resale). A red Raging Bull left upper ($900+ resale) balances the pack per brand archives. Deadstock pairs average $300 on GOAT.
- Release Date & Retail: Dropped on November 7, 2020 at $220 adult retail (style CZ5725-700) for the silhouette’s 30th anniversary.
- Mismatched Suede Uppers: Combines the 2011 Tokyo 23 yellow right upper ($6,500 peak resale) with the 2009 Raging Bull red left upper ($900+ resale).
- Eight Archival Grails: Integrates details from 2006 Green Bean, 2006 Army Olive ($500+ resale), 2007 Laser ($400+ resale), 2011 Quai 54 ($500 resale), 2013 Bel-Air, and 2013 Shanghai Shen ($950 resale) per GOAT data.
- Aftermarket Valuation: Deadstock adult pairs average $300 on GOAT, trading between $245 and $360 across core men’s sizes.
Which Eight Colorways Inspired the Jordan 5 What The Mashup?
Nike introduced the “What The” mashup concept on the 2007 SB Dunk Low. Designers later brought the theme to the Air Jordan 4 in 2019. In November 2020, Jordan Brand closed out the 30th anniversary of the 1990 Air Jordan 5 with eight non-OG releases. Those source pairs originally dropped between 2006 and 2013. Buying all eight original pairs deadstock costs over $10,000 combined on secondary exchanges.

Four colorways govern the right shoe, while four distinct releases shape the left shoe. The right sneaker pulls from the 2011 Jordan 5 Tokyo 23 and the 2006 Army Olive. It also borrows from the 2013 Jordan 5 Bel-Air and the 2007 Laser. Meanwhile, the left sneaker combines the 2009 Raging Bull and 2013 Shanghai Shen. It finishes with the 2006 Jordan 5 Green Bean and 2011 Quai 54.
How Do the Tokyo 23 Right Shoe and Raging Bull Left Shoe Differ?
The right shoe starts with the Varsity Maize yellow suede upper from the April 2011 Japan-exclusive release. It also includes the stylized “T23” kanji heel embroidery. Fewer than 2,000 pairs of the 2011 original dropped in Japan. As a result, rare deadstock sizes reach $6,500 on resale platforms. Its bright orange 3M tongue and olive lining come from the 2006 Army Olive 5 ($500+ resale).

Across the box, the left shoe wears the rich Varsity Red suede upper from the 2009 Toro Bravo Raging Bull pack. That 2009 pair trades for $900+ per market data. Above the black laces sits the 3M reflective silver tongue and lime Jumpman from the 2006 Green Bean 5. This yellow-and-red split makes each foot look like a standalone grail on street pavement.
| Source Colorway & Year | Original Resale Benchmark | Placement on 2020 What The (CZ5725-700) | Key Visual Identifier |
|---|---|---|---|
| Tokyo 23 (2011) | Up to $6,500 Peak Ask | Right Shoe Upper & Lateral Heel | Varsity Maize Suede & T23 Kanji Crest |
| Raging Bull (2009) | $900+ (2009 Pack Pair) | Left Shoe Upper Panels | Varsity Red Pigskin Suede Shell |
| Shanghai Shen (2013) | $950 Average Resale | Left Lateral Heel Counter | Black-Blue-Yellow Shen Medallion |
| Army Olive (2006) & Quai 54 (2011) | $500+ Each on Exchanges | Right Tongue / Left Midsole Teeth | Solar Orange Tongue & Radiant Green |
Where Do Bel-Air, Shanghai Shen, and Quai 54 Details Appear?
Look closely at the lateral heel of the red left shoe to spot the 2013 Shanghai Shen medallion. That China-exclusive 2013 release averages $950 on secondary exchanges. Along the midsole and collar, both shoes incorporate 1990s geometric patterns and a purple midsole from the 2013 Bel-Air 5. Inside the shoes, graphic sockliners recreate the etched patterns of the 2007 Laser 5 ($400+ resale per market data).
Neon green accents and speckled shark-tooth details nod to the 2011 edition created for the Quai 54 World Streetball Championship in Paris. That 2011 Parisian tournament pair averages around $500 on secondary markets. Weaving all eight regional and lifestyle releases together turns the 2020 pair into a wearable museum. It honors both mid-2000s and early-2010s Jumpman history.
What Were the November 7, 2020 Release Specs and Resale Prices?
Jordan Brand opened its 2020 30th-anniversary lineup with Virgil Abloh’s Off-White Jordan 5 in February 2020. Nine months later, the brand capped the celebration by launching the What The 5 on November 7, 2020. Adult pairs retailed at $220 (style code CZ5725-700) in Varsity Maize, Court Purple, Ghost Green, and Solar Orange. Grade School (GS) sizes accompanied the drop at $160 retail per brand schedules.

According to GOAT’s Air Jordan 5 Retro SE What The marketplace, deadstock adult pairs average $300 on the secondary market. Smaller men’s sizes (US 7.5 to US 9) trade between $245 and $275. Larger sizes from US 11 to US 14 command $310 to $360 across exchanges.
Acquiring the eight original 2006-2013 source colorways individually costs over $10,000 deadstock, making the $220 retail ($300 resale) 2020 mashup an accessible archive piece.
How Do GOAT and StockX Fees Affect $300 Resale Payouts?
Collectors selling a deadstock pair at the $300 average aftermarket price compare fee schedules across GOAT and StockX first. Per the official GOAT seller fee schedule, sellers in good standing pay a 9.5% base commission rate. GOAT also deducts a $5 US fee and a 2.9% cash-out fee. On a $300 sale, GOAT deducts $41, leaving a $259 net payout.
Meanwhile, the StockX seller fee schedule charges Level 1 sellers a 9% transaction fee, 3% payment processing, and $5 domestic shipping. On a $300 sale, StockX deducts $41, also leaving $259 net for the seller. The table below compares retail prices and resale benchmarks across the 2020 mashup and three of its source colorways. Net seller payouts are shown for both platforms.
| Air Jordan 5 Release | Release Year & Retail | Aftermarket Resale Benchmark | Net Seller Payout (GOAT / StockX) |
|---|---|---|---|
| AJ5 Retro SE What The (CZ5725-700) | 2020 / $220 | $300 Average | $259 (GOAT) / $259 (StockX) |
| AJ5 Shanghai Shen (136027-089) | 2013 / ~$200 | $950 Average | $830 (GOAT) / $831 (StockX) |
| AJ5 Army Olive (314259-381) | 2006 / $145 | $500 Average | $434 (GOAT) / $435 (StockX) |
| AJ5 Laser (315749-131) | 2007 / $175 | $400 Average | $346 (GOAT) / $347 (StockX) |
How Do Collectors Secure Anniversary Air Jordan 5 Drops at Retail?
Special Edition anniversary releases like the What The 5 launch at 10:00 AM EST across Nike SNKRS, Foot Locker, and Tier-0 boutiques. Mismatched collector pairs carry smaller production runs than holiday general releases. For that reason, manual buyers enter mobile app draws and boutique raffles 48 hours before release morning. Local in-store reservations also open midweek on retail chain apps across major cities.
Simultaneous first-come, first-served releases also go live on Shopify boutiques and Footsites. During those windows, buyers use multi-site checkout automation. Leading all-in-one software platforms such as Valor AIO, Cybersole, Stellar AIO, and NikeShoeBot coordinate parallel checkout tasks. Operators combine these tools with billing profile management and residential proxy rotation across supported online retailers during release morning.
Which shoe is yellow and which shoe is red on the 2020 pair?
The right shoe features the Varsity Maize yellow suede upper from the 2011 Tokyo 23, while the left shoe features the Varsity Red suede upper from the 2009 Raging Bull.
Why are the tongues different colors on the left and right shoes?
The right shoe uses the Solar Orange tongue from the 2006 Army Olive 5, whereas the left shoe uses the 3M reflective silver tongue with a lime Jumpman from the 2006 Green Bean 5.
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