Sotheby's holds first-ever rare sneaker auction

Sotheby's

Sotheby's

Move over Monet. Nike is hot on your heels.

But the real showstopper has to be the handmade Nike Waffle Trainer "Moon Shoe" from the '70s-which Nike co-founder Bill Bowerman designed for the runners at the Olympic Trials in 1972.

One of the products on sale will be one of Nike's first ever running shoes, the handmade Moon Shoe, with a pre-sale estimation value of $160,000.

Stadium Goods has teamed up with world-renowned auction house, Sotheby's, to give sneaker fans a chance at some of the rarest and most coveted pairs on the market today.

Sotheby's in NY announced yesterday its first-ever auction dedicated to sneakers, underlining their fast-growing status as collectibles able to command tens of thousands of dollars.

"Other standouts, all curated from Stadium Goods" legendary Trophy Case, include the 2011 & 2016 limited releases of the Back to the Future II-inspired Nike Mags and Travis Scott's Air Jordan 4 "Family & Friends" collection, which will come as a lot of five colorways.

The Nike "Moon Shoe" is one of only 12 pairs created. The 2016 version, one of only 89 pairs produced and complete with self-lacing technology, is estimated to sell for about $70,000. The pairs will also be on display at the Sotheby's gallery in NY. "These items are true cultural artifacts, and it will be a thrill to see them in a public exhibition alongside the rest of Sotheby's renowned offerings", John McPheters, Stadium Goods co-founder and co-CEO, said in the press release. Well, we have nothing but good news for you - Sotheby's in NY have partnered up with Stadium Goods to present "The Ultimate Sneaker Collection Online".

Other shoes in the online sale, beginning on Thursday and ending on July 23, include sought-after and limited-edition sneakers produced by Adidas, Air Jordan and rapper Kanye West's Yeezy collection.

Those interested can bid online or visit Sotheby's NY office in the Upper East Side to view the public exhibition. The shoes were auctioned through California sports memorabilia company SCP.

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