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A pair of red sneakers worn by NBA champion Michael Jordan during the 1984 and 1985 season, at the start of his Chicago Bulls basketball career, is expected to fetch over $100,000 and possibly much higher at an online auction next month, Sotheby’s said on Wednesday. The auction house has estimated the red and white “Air Jordan 1” sneakers at 100,000-150,000 Swiss francs ($110,000-$164,000). Another pair, identical but bearing Jordan’s autograph, was sold for $560,000 at an auction last year. “They are obviously a pair of iconic design and something that really collectors focus on as one of the (Holy) Grails and one of the ‘must-have’ pieces,” said Josh Pullan, managing director of Sotheby’s global luxury division. ....
Kanye West’s Yeezy sneakers sold for $1.8m Rapper wore them to 2008 Grammy Awards SAMAA | AFP - Posted: Apr 28, 2021 | Last Updated: 2 hours ago SAMAA | AFP Posted: Apr 28, 2021 | Last Updated: 2 hours ago Photo: EPA A pair of Nike Air Yeezy 1s worn by rapper Kanye West sold for $1.8 million, triple the previous record for sneakers, Sotheby’s said Monday, as the market for rare sports shoes soars. The shoes beat the record held by a pair of Nike Air Jordan 1s which sold for $615,000 in August 2020 at a Christie’s auction. The record price for sneakers has been broken several times recently as what was seen as a niche market 10 years ago now attracts interest from the general public as well as leading collectors. ....
The buyer was sneaker investing platform RARES, which paid the highest publicly recorded price for the pair. RARES is a leader in fractional ownership, allowing users to invest in sneakers by buying and trading shares in them. The private sale shattered the current auction record for sneakers, far above the 560,000 dollars (which is over N213million) that Sotheby’s scored in May 2020 for a pair of 1985 Air Jordan 1’s, designed for and worn by basketball player Michael Jordan. The black leather, size 12 Nike Air Yeezy 1 Prototypes have a Yeezy forefoot strap and the brand’s signature Y medallion lace locks in pink. ....
April 28, 2021 Reuters Kanye West s Air Yeezy sneakers have fetched a record-breaking $2.4 million at a private auction. Sotheby s sold the size 12 footwear, which the 43-year-old rap megastar wore for his iconic 2008 Grammys performance, to sneaker investment platform RARES. The footwear sold for almost three times more than the previous record-holder, basketball legend Michael Jordan s signed Nike Air Jordan 1 sneakers, which went for US$560,000 (S$743,000) at Sotheby s online auction last year. The black leather shoes with a faded Nike Swoosh were designed by Kanye and Mark Smith at Nike s Tiffany Beers at the Innovation Kitchen in Oregon. His Yeezy line went on to make him a billionaire. ....
SHARE Rapper and designer Kanye West has made a fortune out of his Yeezy brand, with sales generating nearly $1.7 billion in revenue in 2020, according to Bloomberg. But before he turned his Adidas collaboration into the phenomenon it is today, West, who was No 2 on Forbes’ highest paid celebrities list last year, first went to shop with Nike. The association soon turned acrimonious, eventually ending in 2013 and even inspired West’s 2015 single Facts, now known as the Nike diss track . I took the Adidas deal because I have royalties and I have to provide for my family,” West told New York’s Hot 97 radio station when announcing his separation from Nike, which had never collaborated with a non-sporting personality before the rapper. ....