Celebrity Life

The autographed Air Jordan 1 Nike sneakers, made for Michael Jordan in 1985, has set a record for basketball shoes.

The post Game-worn Air Jordan sneakers sell for record-breaking US$560,000 appeared first on The Peak Magazine.

The autographed Air Jordan 1 Nike sneakers, made for Michael Jordan in 1985, has set a record for basketball shoes.

For more stories like this, visit www.thepeakmagazine.com.sg.

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."

 

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A post shared by Sotheby's (@sothebys) on Jul 23, 2019 at 5:17pm PDT

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.

The Bvlgari Octo Finissimo sets for the fourth time a new world record for ultra thin timekeeping

The post Baselworld 2018 Bvlgari Octo Finissimo Tourbillon Automatic sets New Thin Record appeared first on LUXUO.

A single bottle of the Japanese single malt aged 50 years sells for more than HK$2 million.

The post Yamazaki sets world auction record at Sotheby’s appeared first on Prestige Online - Hong Kong.

Sentimental reasons aside, this national icon safeguards the sporting culture of Singapore’s early years.

The post Ang Peng Siong’s Full Circle appeared first on The Peak Magazine.

Sentimental reasons aside, this national icon safeguards the sporting culture of Singapore’s early years.

For more stories like this, visit www.thepeakmagazine.com.sg.