Sotheby's sells sneaker collection for $850,000. Rare Nike 'Moon Shoe' expected to fetch $160,000

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Sotheby's sells sneaker collection for $850,000. Rare Nike 'Moon Shoe' expected to fetch $160,000
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The 1972 Nike Waffle Racing Flat Moon Shoe is still for sale and is expected to fetch up to $160,000.

Guests view sneakers on display for "The Ultimate Sneaker Collection" online auction at Sotheby's on July 15, 2019 in New York City.sold for $850,000, proving that rare sneakers are becoming a coveted collectible.

Nadal said he plans to display the sneakers at his Dare to Dream Automobile Museum in Toronto, where he houses his collection of 142 cars and 40 motorcycles. The sale also included two pairs of Mike "Mags" — the shoes made famous in "Back to the Future Part II." Nike made 1,500 pairs of the shoes in 2011, but the sneakers didn't lace themselves like the ones in the film.

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