Arare set of Nike’s”Moon Shoe” has broken the world auction record for a pair of shoes, based on New York auction house Sotheby’s.
Collector Miles Nadal bought them Tuesday for $437,500, Sotheby’s said. Nadal plans to display the sneakers at his private museum in Toronto, the Dare to Dream Automobile Museum.
The previous world auction record was set in 2017 at $190,373, for a set of signed Converse that Michael Jordan wore at the 1984 Olympic Football closing, the auction house said in a statement.
The waffle-soled running shoes were created by Nike co-founder Bill Bowerman for the 1972 Olympic Trials. They’re among 12 pairs ever created and also the only known unworn set.
Bowerman was motivated to produce the waffle sole traction blueprint for Nike’s ancient running sneakers by experimenting with his wife’s waffle iron, pouring rubber into the mould to create the first model of the only, Sotheby’s said.
The starting price for the Moon Shoe was $80,000, and the final sale price shattered the pre-sale estimate of $160,000. The shoes were part of Sotheby’s”Stadium Goods: the supreme Sneaker Collection” online auction.
Last week, Nadal purchased 99 other pairs of rare sneakers from Sotheby’s at a private sale for $850,000.