A rare pair of Nike 'Moon Shoe' auctions for $437K, breaking sneaker auction record.
Sotheby's auctioned off the Nike"Moon Shoe" for $437,500 Tuesday night,"far surpassing" the pre-sale high estimate of $160,000, the auction house said in a press release. The previous world record for sneakers sold at auction was set in 2017 for a pair of signed Converse worn by Michael Jordan in the 1984 Olympic basketball final.
The sneakers were purchased by"avid collector" Miles Nadal, and are the only known pair to exist in unworn condition, according to Sotheby's. Last week, Nadal offered to buy the entire lot, but the auction house decided to let him purchase all but one pair in the private sale -- the Moon Shoe remained on auction until Tuesday.
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