Tuesday, July 7, 2020

Nike Moon Shoe auction broke the world record

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Nike moon shoe pair posted a world record yesterday when a collector pays $ 437,500 to buy the ‘Moon Shoe’ edition of the Nike brand released in 1972.

Sotheby’s leading auction agency said the sale broke the record amounting to US $ 190,373 in 2017 on the auction of a pair of Converse shoes worn by basketball star Michael Jordan during the final of the sport in the 1984 Summer Olympics.

Sotheby said in a statement that it also surpassed the earlier forecasts of those agencies expecting the shoes to produce auction amounting to US $ 160,000.

The ‘Nike Moon Shoe was bought by Canadian collector Miles Nadal through an internet bid, in addition to the 99 limited edition shoes he bought at a private sale last week.

“I am very excited to have this iconic ‘Moon Shoe’ shoe, which is one of the most difficult collections and valuable artefacts in sports and pop history,” he said.

According to Nike co-founder, Bill Bowerman, is the ‘Moon Shoe’ flat sneakers designed specifically for the 1972 Olympic Games qualifier.

According to Sotheby, the edition of ‘Moon Shoe’ produced only 12 pairs and Nadal’s bought yesterday was the only known shoe available.

“We are delighted that this Nike Moon Shoe produces double-digit returns compared to the previous world record created through the sale of sports shoes,” Sotheby’s global e-commerce leader, Noah Wunsch said.

The auction agency joined the Goods Stadium company to sell 100 pairs of the most rare sports shoes.

Nadal, 61, spent US $ 850,000 to buy the remaining 99 pairs of shoes privately last Wednesday and plans to showcase all the collections at his museum in Toronto.

Read also: Elizabeth Taylor dressed for an Oscar will be auctioned in December

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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