Yes ! a pair of rare Nike trainers with the name “Nike Waffle Racing Flat Moon Shoe” had been able to fetch a record-breaking price of $437,500 (£351,772) in an auction. These trainers were designed by the sportswear giant Nike’s co-founder Bill Bowerman, a track coach.
Out of 100 pairs of trainers – from Adidas to Air Jordans – in New York, they were the last pair of shoes that were sold in an auction. Although the expected price of the 1972 Nike Waffle Racing Flat Moon Shoe was $160,000 the Canadian collector, Miles Nadal paid almost three-times of the expected price, having already spent $850,000 for the other 99 pairs in the auction.
This pair of trainers are said to be rare because only 12 pairs were hand-made and were handed over to runners at the 1972 Olympic trials and the pair being auctioned is thought to be the only one which was not worn.
If somebody is wondering why the name of a snack is given to a pair of trainers then the answer according to the findings of Noah Wunsch, Sotheby’s global head of e-commerce is that the designer of these trainers, Mr. Bowerman had used a waffle iron to imprint the tread on the shoes ultimately resulted in attaching “Waffle” in to their name.
The new owner of these Nike Waffle Racing trainers, Mr. Nadal – founder of Peerage Capital an investment firm – said that he was thrilled at his purchase, calling the Moon Shoe a “true historical artifact in sports history and pop culture”. He further added “I think sneaker culture and collecting is on the verge of a breakout moment,” Without keeping the collection to himself he plans to show off those along with the other 99 pairs he bought earlier at his private automobile museum in Toronto.
Mr. Nadal’s collection is full of interesting items consisting two pairs of Nike Mags, shoes made famous in the 1989 “Back to the Future Part II” because of their automatic lacing – a technology the company didn’t bring to the market until almost three decades later.
The limited-edition Back to the Future 2016 sneakers were thought to have fetched between $50,000 and $70,000.
In addition to the above collectible items, another rear item which auctioned was the ”Jeter edition Air Jordan 11”, created to commemorate New York Yankee baseball star Derek Jeter’s retirement in 2017. In this collection, only five pairs were made and they were estimated to have sold for close to $60,000.
The highest price fetched at a public auction for trainers is thought to be $190,373 for a pair of signed Converse shoes worn by Michael Jordan in the 1984 Olympic basketball final. These shoes were auctioned in California in 2017.
Source: BBC News