5 Things to Know About the Sneaker Collector Who Spent Over $1M on 100 Pairs of the World’s Rarest Shoes

Canadian-born international entrepreneur Miles Spencer Nadal made headlines this week when he acquired 100 pairs of the world’s rarest sneakers for more than $1 million.

Nadal spent $850,000 on the first 99 pairs of highly coveted sneakers at a July 17 auction by Sotheby’s and Stadium Goods. Selected from Stadium Good’s “Trophy Case,” the shoes included exclusive shoes from Adidas, Nike, Yeezy and more.

On Tuesday, he bought the 100th pair for a whopping $437,500, half the price of the first 99. The pricey pair was the 1972 Nike Waffle Racing Flat “Moon Shoe,” originally created for the U.S. Olympic Trials. The “Moon Shoe” is the most expensive shoe ever sold at auction, handily beating the 2017 record set when a pair of signed Converse sneakers, believed to have been worn by Michael Jordan at the 1984 Olympic Finals, went for $190,373.

Source: FootwearNews.com

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