Nike shoes race to $437,500 world record auction price for sneakers

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Nike shoes race to $437,500 world record auction price for sneakers
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Nike shoes fetch record $437,500 at an auction. More here:

- A pair of 1972 running shoes, one of the first pairs made by Nike Inc, sold for $437,500 on Tuesday, shattering the record for a pair of sneakers at public auction.

Sotheby’s said the price was a world auction record for a pair of sneakers. The buyer was Canadian investor and car collector Miles Nadal, who had previously paid $850,000 for 99 other pairs of rare or limited collection sneakers offered by Sotheby’s. The handmade “Moon Shoe,” with a waffle sole pattern, was one of only 12 pairs ever made and the pair that were auctioned on Tuesday are the only ones known to exist in an unworn condition, Sotheby’s said.

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