Rare Nike sneakers sold for $437,500, shattering previous auction record

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A rare pair of half-century old Nike waffle racing shoes sold to a collector for $437,500 on Tuesday, obliterating the previous record for the most expensive sneaker sold at auction, Sotheby’s announced.

The sale of the sneaker, designed for the 1972 Olympics and called the “Moon Shoe,” topped the record for auction footwear extravagance set when a pair of autographed Converse worn by Michael Jordan sold for $190,373 in 2017.

Collector Miles Nadal scooped up the preposterously pricey pair of Nike flats, one of no more than a dozen sets of the shoe in the world. Nike co-founder Bill Bowerman designed the waffle-iron stylized shoe.

Source: Daily News