Celebrity Life
Authorities Seized $470 Million Worth of Counterfeit Nike And Louis Vuitton Sneakers Last Year
Nike Just Released a First Look at Its Air Force 1 Collaboration With KITH
After Working at Nike for 30 Years, This Sneakerhead Is Auctioning Off a Trove of Rare Kicks
A Pair of Nike’s Moon Shoes Sold for Record $437,000 This Year. Now a Second Set Is Up for Sale
Forget the usual investments, the hottest new item to add to your portfolio is sneakers
Forget stocks, real estate, even cryptocurrencies — China’s hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that “sneakerheads” like Hu Huaiyuan fight to get their hands on. Enthusiasts worldwide have fuelled an expanding bubble in high-priced sneakers, often limited-edition collaborations between big names in sportswear and fashion, rappers or athletes. But […]
The post Forget the usual investments, the hottest new item to add to your portfolio is sneakers appeared first on The Peak Magazine.
Forget the usual investments, the hottest new item to add to your portfolio is sneakers
Forget stocks, real estate, even cryptocurrencies — China’s hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that “sneakerheads” like Hu Huaiyuan fight to get their hands on. Enthusiasts worldwide have fuelled an expanding bubble in high-priced sneakers, often limited-edition collaborations between big names in sportswear and fashion, rappers or athletes. But […]
For more stories like this, visit www.thepeakmagazine.com.sg.
These Custom Nike ‘Jesus Shoes’ Will Literally Let You Walk on (Holy) Water
Just Deux It? Nike Just Spent $674 Million on a New European Headquarters in Paris
Meet Singapore’s sneaker king
Mandeep Chopra, founder of Limited Edt, is on a mission to turn Singapore into a streetwear capital.
The post Meet Singapore’s sneaker king appeared first on The Peak Magazine.
Meet Singapore’s sneaker king
Mandeep Chopra, founder of Limited Edt, is on a mission to turn Singapore into a streetwear capital.
For more stories like this, visit www.thepeakmagazine.com.sg.
These Vintage Nike Sneakers Sold For HK$3.4 Million at Auction and Set a New World Record
This week, a pair of vintage Nike running shoes was sold at a Sotheby's public auction for US$437,500 (approx. HK$3.4 million), when a collector splurged the heart-racing amount on what is known as the 'Moon Shoe'. Nicknamed after the footprint it leaves (similar to those left on the moon), this rare pair of sneakers set a new world auction record for a pair of sneakers.
But why are they worth over HK$3 million?, I hear you asking. Well, the Nike Waffle Racing Flat was designed by Nike co-founder and acclaimed track coach Bill Bowerman for his runners at the 1972 Olympic Trials, and only 12 pairs were ever produced. Plus, this particular pair is the only known pair that exists in unworn condition. That's right, they've never been worn: the less-than-perfect appearance is, presumably, just a by-product of ageing.
Smashing the pre-sale estimate of US$160,000 (approx. HK$1.25 million) out of the auction house, the sale also shattered the previous record for a pair of sneakers. In 2017, a pair of signed Converse shoes worn by basketball legend Michael Jordan in the 1984 Olympic basketball final fetched a healthy sum of US$190,373 (approx. HK$1.5 million).
The successful bidder was 61-year-old Canadian investor and entrepreneur Miles Nadal who had already spent US$850,000 (approx. HK$6.6 million) on 99 other pairs of unique and hard-to-find shoes in a private sale last week. Nadal said of his collectable shoe stock-up: "I am thrilled to acquire the iconic Nike 'Moon Shoes,' one of the rarest pairs of sneakers ever produced, and a true historical artefact in sports history and pop culture."
View this post on Instagram
This was the first-ever auction dedicated to sneakers at Sotheby’s auction house in New York. Thanks to a collaboration with sneaker marketplace Stadium Goods, they were able to auction 100 pairs of the rarest sneakers ever produced, the results of which reflect how sneakers and streetwear culture are fast becoming the collectibles of choice. Sotheby's global e-commerce head, Noah Wunsch, added that he was “eager to see where this sale takes us, not only in future sneaker offerings, but also in other new luxury lifestyle areas.”
[caption id="attachment_155146" align="alignnone" width="1271"]
Canadian Collector Miles S. Nadal | Image courtesy of Sotheby’s[/caption]
Nadal’s shopping cart also consisted of the 2011 and 2016 editions of Back to the Future Part II Nike shoes that were inspired by the 1989 sci-fi sequel starring Michael J Fox. Other footwear purchases included limited-edition sneakers by sport brands Air Jordan and Adidas, as well as hip-hop rapper Kanye West’s Yeezys. He plans to display his entire private sneaker collection in his Toronto automobile museum.
The post These Vintage Nike Sneakers Sold For HK$3.4 Million at Auction and Set a New World Record appeared first on Prestige Online - Hong Kong.