A wealthy entrepreneur and collector paid $437,500 for a pair of Nike’s “Moon Shoes” at auction on Tuesday, smashing the world record for the highest amount paid for a single pair of sneakers.
Canadian collector Miles Nadal outbid other sneakerheads in the online auction hosted by Sotheby’s for the ultra-rare shoes that were designed for runners at the 1972 Olympic trials.
“I am thrilled to acquire the iconic Nike ‘Moon Shoes,’ one of the rarest pairs of sneakers ever produced, and a true historical artifact in sports history and pop culture,” Nadal said after the purchase.
The price tag smashed the previous record of $190,373 paid in 2017 for a pair of Converse sneakers worn by Michael Jordan in the Olympics finals in 1984.
The pre-sale estimate for the Moon Shoes was just $190,373.
“We are excited the iconic Nike Moon Shoe achieved more than double the previous world auction record for a sneaker today,” Sotheby’s global e-commerce head said after the sale.
The shoes were designed by Nike co-founder Bill Bowerman ahead of the 1972 Olympics, according to the Nike.
Just 12 pairs of the shoes were manufactured and only “a handful of pairs” are known to exist, Sotheby’s said.
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