Jeepers sneakers! And you thought they were just smelly old shoes


Jeepers sneakers! And you thought they were just smelly old shoes

Sotheby’s New York held its first sneaker auction last week, and the bids kicked the ball out of the park

Tymon Smith

In these ever tougher economic climes you might not be surprised that the price of everything is skyrocketing and if you’re a runner or a sneaker enthusiast that may extend to the prices of shoes these days. But whatever you’re paying is probably not nearly as much as the $437,000 paid for a single pair of shoes at Sotheby’s New York’s first ever sneaker-dedicated auction last week.

The rare pair of Nike “Moon Shoes” was designed by Nike co-founder and track coach Bill Bowerman for runners at the trials for the 1972 Olympics. The buyer was Canadian venture capitalist and car collector Miles Nadal who reportedly spent a total of $850,000 at the auction on 99 pairs of rare and limited edition sneakers offered for sale. They include two pairs of 2011 and 2016 limited edition Nike Back to the Future-inspired shoes and other lots made by brands such as Adidas, Air Jordan and Kanye West’s Yeezy collection.

The previous record at auction for a pair of sneakers was $190,373 fetched in 2017 at a California auction for a pair of signed Converse worn by basketball legend Michael Jordan in the 1984 Olympic basketball final. Nadal told reporters that he plans to display his very expensive new shoes along with the rest of his haul at his private car museum in Toronto. ..

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