Someone in Toronto just paid more than $1 million for sneakers

A headline-making sneaker collection featuring 100 pairs of the rarest shoes ever produced will soon be making its permanent home in Toronto, thanks to a prominent local businessman and philanthropist.

Advertising industry titan Miles Nadal, once described by Business Insider as “the richest ad man you’ve never heard of,” just plunked down a cool $850,000 US (roughly $1.1 million Canadian) to win 99 per cent of the first-ever Sotheby’s sneaker auction in New York.


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