Rare Sneaker Auction Nets $850,000
Canadian entrepreneur, Miles Nadal purchased all but one of 100 sneakers put up at recent auction with Sotheby’s. It was the first-ever auction dedicated to sneakers and included rare footwear from brands such as Nike, Adidas and Air Jordan.
Back to the Future fans would have been eager to see the Nike Mags made famous in the second feature film in 1989. The self-lacing trainers represented technology not created until three decades later. You may remember the furore caused when Michael J Fox was seen wearing them a few years back.
Another key sale was the Jeter edition Air Jordan 11. They were created in 2017, to commemorate Derek Jeter, the New York Yankees star retiring. There were only five pairs made and were estimated to have sold for close to $60,000.
The one remaining pair that Mr Nadal didn’t purchase was the 1972 Nike Waffle Racing Flat Moon Shoe that is still for sale during the week-long auction. These are expected to fetch $160,000 by themselves.
I have always been an avid enthusiast and appreciator of unique art and collectables that represent innovative design, exceptional craftsmanship and new and exciting trends in pop cultureMiles Nadal
Previously, the highest price obtained at auction for sneakers was for a pair of signed Michael Jordin converse shoes, sold in 2017. They were purchased for over $190,000.
The shoes purchased at the recent Sotheby’s auction are earmarked to be displayed at Mr Nadal’s Dare to Dream Automobile Museum in Toronto.