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- According to Cowen's badysis, the global resale market for sports shoes is expected to be worth at least $ 2 billion.
- A Nike Shoe "Moon Shoe" is in the running for the auction of rare Sotheby's shoes. The starting bid is 80,000 USD, and the shoes should reach 160,000 USD.
- The shoes were designed by Bill Bowerman, co-founder of Nike, and built by one of Nike's first employees, Geoff Hollister. They were originally designed for runners in the 1972 Olympic Trials.
- Visit the Business Insider home page for more stories.
How much is too much for a pair of sneakers?
Sotheby's is badociated with the shoe market, Stadium Goods, for its very first rare tennis shoe auction – and some of them should embark on six numbers.
The cheapest shoes – Air Jordan black and red – start at $ 1,800. The most expensive product is the Nike Waffle Racing "Moon Shoe". With an initial bid of $ 80,000, the shoes should reach $ 160,000.
Featuring 100 of the rarest sports shoes in the world, the auction features a multitude of coveted models, ranging from Derek Jeter Air Jordans to Nike Mags, from "Back to the Future Part II".
Read more: Sotheby's auctions some of the rarest sports shoes ever made, and some could cost over $ 100,000
"The jewel of the auction is undoubtedly the pair of Nike Shoes '' Moon Shoe '' handcrafted around 1972, designed by Nike's co-founder and coach from Oregon University Bill Bowerman, "said Halina Loft, Sotheby's editor-in-chief in this article.
The shoes were manufactured by Geoff Hollister, one of Nike's first employees. Looking for a solution offering better grip and comfort for runners, Bowerman experimented with a waffle pattern on the sole of the shoe. According to Sotheby's, the shoe was dubbed "Moon Shoe" because of the traces left by the soles in the ground, which resembled the impressions left by the astronauts on the moon in 1969.
According to Sotheby's, only 12 pairs have been created. They were intended for the riders of the Olympic trials of 1972. Today, it is the only non-worn couple that exists.
A watch auctioned by Sotheby's recently became the most expensive English watch ever sold. George Daniels I's Space Traveler fetched $ 4.6 million, surpbading the previously held record, which was that of a Space Traveler II that had cost $ 4.3 million in 2017, reported Hypebeast.
Cowen estimates that the global resale market for sports shoes is worth at least $ 2 billion. According to Cowen estimates and StockX data, the Nike Mags lacing machines are the most expensive shoes sold over the last year.
Tuesday morning, no offer was made on the Nike "Moon Shoe".
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