If you needed further validation of sneaker mania’s rising trajectory, get this: After auctioning off the world’s finest works of art, international mogul Sotheby’s has now harnessed the potential of antique sneakers as as prized collectibles. By partnering with streetwear marketplace Stadium Goods, the auction house has brought together a selection of 100 of the rarest sneakers ever produced.
Headlining the first-ever sneaker auction was a rare pair of Nike “Moon Shoes”, which fetched a record sum of $4,37,500 (~Rs 3.01 crore). The title was previously held by a pair of autographed Converse shoes – believed to have been worn by Michael Jordan at the 1984 Olympics – which sold for $1,90,373 (~Rs 1.3 crore) in California two years ago . Today, the honor goes to Canadian entrepreneur and car enthusiast, Miles Nadal, who spent $8.50,000 (~Rs 5.8 crore) on 99 of the 100 most wanted sneakers. “I am thrilled to acquire the iconic Nike ‘Moon Shoes’, one of the rarest pairs of sneakers ever produced, and a true historical artifact of sports history and pop culture. When I initially acquired the other 99 pairs from this auction last week, I knew the Nikes were meant to continue to be part of this remarkable collection, and I couldn’t be happier with the outcome.I think sneaker culture and collection are about to have a breakout moment,” he said in a statement.
Also known as the Moon Shoes, the record-breaking Waffle Racing Flats are one of only 12 pairs ever made in the world. The waffle pattern on the sole is credited to Nike co-founder and legendary track coach Bill Bowerman. In an effort to improve his students’ performance on the track, he often used his free time to improve the design of athletic shoes. While tinkering with his wife’s waffle maker, he came across the winning idea of cushioned traction on the soles by pouring rubber into the mold. Once the prototype was deemed successful, 12 pairs were made for runners at the 1972 Olympic trials, and Nadal’s latest acquisition would be the only pair still living today in unworn condition.