Sneakers give art a run for its money at first-of-a-kind Sotheby’s auction

NEW YORK (Reuters) – Move over Monet. Nike is hot on your heels.

Sotheby’s in New York announced on Thursday its first-ever auction dedicated to sneakers, underlining their fast-growing status as collectibles able to command tens of thousands of dollars.

Sotheby’s is teaming up with streetwear marketplace Stadium Goods to auction 100 pairs of the rarest sneakers ever produced, including a sample of one of the first Nike Inc running shoes with a pre-sale high estimate of $160,000.

The Nike “Moon Shoe” is one of only 12 pairs created. It was designed by Nike co-founder and track coach Bill Bowerman for runners at the 1972 Olympics trials and the pair up for auction is handmade, Stadium Goods said.

Other sneakers include 2011 and 2016 versions of the “Back to the Future Part II” limited-edition shoes by Nike that were inspired by the 1989 film starring Michael J. Fox.

The 2016 version of the futuristic shoe, complete with self-lacing technology, is expected to sell for between $50,000 and $70,000.

“We’ve long talked about how sneakers are this generation’s luxury fashion, and being able to collaborate with a brand with the history and esteem of Sotheby’s is further proof of that,” John McPheters, co-founder of New York-based Stadium Goods, said in a statement.

Other shoes in the online sale, beginning on Thursday and ending on July 23, include sought-after and limited-edition sneakers produced by Adidas, Air Jordan and rapper Kanye West’s Yeezy collection.

Slideshow (2 Images)

Noah Wunsch, global head of eCommerce at Sotheby’s, said the sneaker sale was bringing together “art, culture and fashion” and marked another step in the auction house’s expansion of offerings of highly coveted luxury goods.

The shoes are on public exhibit at Sotheby’s in New York through July 23.

The highest price fetched at public auction for sneakers is thought to be $190,373 in 2017 for a pair of signed Converse shoes said to have been worn by Michael Jordan in the 1984 Olympic basketball final. The shoes were auctioned through California sports memorabilia company SCP.

Reporting by Jill Serjeant in Los Angeles; Editing by Peter Cooney

Source

more recommended stories

  • Man trapped inside pair of skinny fit jeans

    A 32-YEAR-OLD man has spent the.

  • Chicago alligator stakeout snaps shut after professional catches reptile

    CHICAGO (Reuters) – An elusive alligator.

  • Office worker having lovely day off in office

    AN office worker has taken a.

  • ‘Best day ever!’ Internet pokes fun at Mexico’s finance minister grim-faced job acceptance

    MEXICO CITY (Reuters) – Mexico’s Arturo.

  • How to justify your long-haul holiday to your socially conscious friends

    SPENDING thousands on a fancy summer.

  • The longest toilet break? Belgian sits for five days in bid for record

    OSTEND, Belgium (Reuters) – A Belgian.

  • Woman who asked for ‘civilised’ hen do realises she’s made a terrible mistake

    A WOMAN who told friends organising.

  • who is the most evil?

    FOR unspecified reasons, the Duchess of.

  • Later alligator: Chicago wants scaly resident out of local lagoon

    CHICAGO (Reuters) – An alligator has.

  • The middle class family’s guide to working class holiday resorts

    EVEN the most middle class families.

  • How to use a public toilet without sitting on it

    DOES the idea of placing your.

  • Married couple can’t remember last time they had threesome

    RESTAURANT customers have told waiters not.

  • Rough family appear to have moved sofa onto street permanently

    A FAMILY who moved their sofa.

  • Lithuanian couple defends world wife-carrying championship title

    Vytautas Kirkliauskas of Lithuania carries his.

  • Wedding band decides time is right for one of their own songs

    HAVING a garden party? Keen on.

  • No one cares what song is stuck in your head, Britons told

    NOBODY is remotely interested in hearing.

  • What sort of no-deal Brexit idiot are you?

    ARE you one of those people.

  • Flight crew restrains ‘God’ aboard Delta flight, returns to Puerto Rico

    FILE PHOTO: Delta airlines logo is.

  • Your guide to doing a drunk supermarket shop

    DO you sometimes go to the.

  • Stowaway falls from plane over London, narrowly missing sunbather

    LONDON (Reuters) – The body of.

  • Man ‘babysitting’ his children while wife ‘meets friend for coffee’

    A COUPLE looking through a book.

  • New parents find time for what they love as long as it can be done asleep on toilet

    EVERY noise emanating from the kitchen.

  • Feeling the heat? Estonian takes his sauna on the road, literally

    TALLINN (Reuters) – A lot of.

  • Nostalgic Glastonbury TV viewer wistfully pisses in bottle

    A MAN who has become too.

  • Cricket: Busy bees interrupt South Africa and Sri Lanka … again

    Cricket – ICC Cricket World Cup.

  • Johnson or Corbyn – who would be the worst company?

    DUE to a hospitality mix-up, you’ve.

  • Are you sh*t at your job or is it all a Remainer plot?

    YOUR mistakes have cost your employer.

  • Entire office rendered unable to work by knowledge of cake in kitchen

    AN entire floor of staff was.

  • Johnson pledges tax cut for unicorn breeders

    BORIS Johnson has vowed to slash.

  • ‘Close doors’ button on lift does f*ck all, admits engineer

    A LIFT engineer has confirmed that.

  • Walking in same direction after saying goodbye ‘most stressful thing possible’

    WALKING in the same direction as.

  • Man who used washing up liquid in dishwasher honestly thinks he can live by himself

    A 36 YEAR-old man who used.