$2 Million for T-Shirts? How Supreme and Nike Cracked the Auction Market
Jan. 12, 2021 3:38 pm ET On Trend is a weekly column on men’s style that explores fashion’s subcultures and of-the-moment curiosities. IN LATE December 2020, the venerated auction house Sotheby’s hosted an online-only sale of a pair of leather Adidas sneakers. Made in partnership with the 311-year-old porcelain-maker Meissen specifically for the auction, the shoes had been festooned with porcelain overlays and meticulously hand-painted with fanciful motifs from toe to heel, a six-month process that elevated humble sweat repositories to something approaching art. To the highest b...