A rare pair of Nike’s ‘Moon Shoe’ has broken the world auction record for a pair of sneakers, according to New York auction house Sotheby’s.
The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby’s and sneaker marketplace Stadium Goods.
Designed by Nike co-founder Bill Bowerman for the 1972 Olympic Trials, it’s the only known unworn set & one of 12 ever made.
Bowerman was inspired to create the waffle sole traction pattern for Nike’s early running shoes by experimenting with his wife’s waffle iron, pouring rubber into the mould to create the first prototype of the sole, Sotheby’s said.
Nadal purchased the other 99 pairs of sneakers in the Sotheby’s sale last week for $850,000. While Nadal had offered to buy the Waffle Shoes along with the rest of the collection, the seller preferred to sell them at the online auction to fetch a higher price. They were expected to sell for between $110,000 to $160,000, but they shattered the estimate and the all-time record for a pair of sneakers at auction.
All together, Nadal paid $1,287,500 for the 100 pairs of sneakers in the sale.
Nadal reported saying that he plans to display the waffle shoes, along with the other rare Air Jordans and Adidas sneakers in the sale, at his private auto museum in Toronto.
Nadal said he had never collected sneakers in the past and rarely even wore them, tending more toward suits and dress shoes. But when learned about the fast-growing world of sneakerheads and collecting, and the rise of streetwear in the collecting world, he realized sneakers were a true art form worth collecting, he said.
“The previous world auction record was set in 2017 at $190,373, for a pair of signed Converse that Michael Jordan wore in the 1984 Olympic basketball final,” the auction house said in a statement.