Offbeat: Rare sneaker collection bought at Sotheby's auction for $850,000 - PressFrom - Canada
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OffbeatRare sneaker collection bought at Sotheby's auction for $850,000

12:42  19 july  2019
12:42  19 july  2019 Source:   qz.com

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Sotheby ’ s first-ever sneaker auction isn’t scheduled to end until July 23, but it’s already a success. That’s because one man has bought 99 of the 100 exceedingly rare shoes that were up for bidding, for a grand total of $ 850 , 000 . The new owner of the shoes, Sotheby ’ s says, is Miles Nadal

"The Ultimate Sneaker Collection " auction at Sotheby ' s in New York City. If you were hoping to get a hold of one of the 100 rarest pairs of sneakers ever created during Sotheby ’ s auction collab The high estimate for these puppies stands at 0, 000 . The exhibition of the shoes (which is still on view

Rare sneaker collection bought at Sotheby's auction for $850,000 © Provided by Atlantic Media, Inc. A pair of yellow Nike Air Jordan 5s

Sotheby’s first-ever sneaker auction isn’t scheduled to end until July 23, but it’s already a success. That’s because one man has bought 99 of the 100 exceedingly rare shoes that were up for bidding, for a grand total of $850,000.

The new owner of the shoes, Sotheby’s says, is Miles Nadal, an entrepreneur and collector of classic cars. Nadal started the marketing and communications firm MDC Partners Inc., but stepped down in 2015 amid an investigation by the US Securities and Exchange Commission into his expenses, the company’s accounting practices, and trading of the company’s securities by third parties. He then founded the investment firm Peerage Capital, where he currently serves as CEO and is involved in a number of philanthropic efforts.

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A collection of sneakers has sold at auction for $ 850 , 000 (£690, 000 ) to Canadian entrepreneur Miles Nadal. Sotheby ' s put 100 pairs of the rarest sneakers ever from Nike Mr Wunsch, Sotheby ' s global head of e-commerce, said Mr Bowerman literally used a waffle iron to imprint the tread on the shoes.

A collection of sneakers being auctioned by Sotheby ' s sold for $ 850 , 000 , proving that rare sneakers are becoming a coveted collectible. Bids for it start at , 000 and you have until Tuesday to make a bid for it here in the online auction . It's the first sneaker auction ever at Sotheby ' s and

Rare sneaker collection bought at Sotheby's auction for $850,000 © Provided by Atlantic Media, Inc.
The self-lacing Nike Mag, first imagined for the movie “Back to the Future 2.”

Among the shoes Nadal bought were Jordans made for friends and family of brand partners and never released to the public, a pair of Adidas NMDs created exclusively as a gift for late designer Karl Lagerfeld as part of a collaboration between Chanel and singer Pharrell, and the 2016 self-lacing Nike Mags originally inspired by the futuristic Nikes in Back to the Future Part II. There were also complete sets of all the Yeezy 350 V2s, and all the shoes from Nike’s “The Ten” collaboration with designer Virgil Abloh.

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The only shoes Nadal didn’t succeed in acquiring are arguably the pinnacle of the collection: Nike’s 1972 “Moon Shoe,” a key artifact in the company’s early history designed by cofounder Bill Bowerman, who got his inspiration for the sole from his waffle maker. According to Sotheby’s, the owner of the Moon Shoes was the lone consignor not to accept Nadal’s offer. They remain open for bids—meaning Nadal still has a chance to get those, too—and are expected to fetch up to $160,000.

Vancouver 2010 Olympic gold medal expected to net over $50K US at auction

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Stadium Goods and Sotheby ’ s recently teamed up for a comprehensive “Ultimate Sneaker Collection ” auction , with 100 of the rarest sneakers in the world Canadian entrepreneur and investor Miles Nadal recently purchased 99 of the 100 pairs for an extremely handsome sum of $ 850 , 000 , leaving

Last week, Sotheby ’ s and Stadium Goods announced they were selling 100 of the world’s rarest sneakers in an online auction scheduled to run And no, the 61-year-old isn’t planning to rock the ultra- rare Yeezys in a bid to gain street cred—he’s decided to display the entire collection in his 94

Rare sneaker collection bought at Sotheby's auction for $850,000 © Provided by Atlantic Media, Inc. A shot of Miles Nadal from 2011

The auction is a partnership with sneaker reseller Stadium Goods, and illustrates how much clout sneakers carry in pop culture today (Quartz member exclusive). “It seemed like a great idea, and especially with the trajectory we’ve been seeing in how—culturally—art, luxury, streetwear are all starting to intertwine in these bigger ways,” Noah Wunsch, Sotheby’s global head of e-commerce, previously told Quartz about the Stadium Goods tie-up. He added that this collecting category has become “really strong.”

Rare sneaker collection bought at Sotheby's auction for $850,000 © Provided by Atlantic Media, Inc. The only known unworn pair of Nike’s 1972 “Moon Shoe.”

Nadal says he plans to show off his new sneaker collection at his Dare to Dream Automobile Museum, the private museum he has in Toronto where he displays his collection of numerous rare cars. “I have always been an avid enthusiast and appreciator of unique art and collectibles that represent innovative design, exceptional craftsmanship, and new and exciting trends in pop culture,” he said in a press release. “Acquiring such a range of contemporary classics is a unique opportunity to build a substantial sneaker collection of iconic proportions.”


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