A new world record for a pair of sneakers was set at auction on Tuesday (Jul 23) when an avid collector splashed out US$437,500 (S$597,493) on Nike's 1972 Moon Shoe, Sotheby's said. In April 2011, Phil gave Oprah a custom pair of Nike's LunarGlide sneakers during his first appearance on The Oprah Show.The white-and-lime-green shoe features an image of Oprah's favorite tree inside the sole, and the laces have both "Knight" and "Winfrey" printed on them. Nike Women's Air Bella TR Training Shoes Moon Particle/Pink Foam-Sail (8) 4.1 out of 5 stars 7. A rare pair of Nike's "Moon Shoe" has broken the world auction record for a pair of sneakers, according to New York auction house Sotheby's. Image credit: Hype Beast The collector who managed to snag that pair also spent $850,000 (RM3,530,050) to acquire the other 99 pair of shoes. "Once the domain of a dedicated core of collectors and connoisseurs scattered in select U.S. cities, the culture of sneaker fashion has exploded to become a worldwide phenomenon, a new universal language of cool," Sotheby's said on its website Friday. Sign up for free newsletters and get more CNBC delivered to your inbox. Nike's rare 'Moon Shoe' is sold for $437,500, shattering the auction record for sneakers. A pair of the ultra-exclusive Nike “Moon Shoe” has officially broken the world auction record for sneakers, selling at a whopping $437,000 USD at New York auction house Sotheby’s. The design, which features a "waffle sole," got its name as it resembled the pattern left on the moon's surface by astronauts in the 1969 moon landing. These Nike Moon Shoes are the first Nike Waffles to ever cross a finish line. Got a confidential news tip? The previous record went to a […] Photo by Sotheby's / Reuters. Get this delivered to your inbox, and more info about our products and services. RUN WITH IT: Trying to capitalize on the demand for hard-to-find sneakers, the collectibles platform Rally will be offering shares of a pair of 1972 Nike prototype Moon Shoe to … Nike Moon Shoes got their nickname because the impressions that the Waffle Soles left on the track resembled the footprints that astronauts left on the Moon. The waffle-soled running shoes were designed by Nike co-founder Bill Bowerman for the 1972 Olympic Trials. The shoes were part of Sotheby's "Stadium Goods: the Ultimate Sneaker Collection" online auction. A Division of NBCUniversal. The New York auction house is allowing collectors to … Such is the case with the original Nike “Moon Shoe” – a running model handmade by Bill Bowerman. As of Friday morning, no bids had been placed – but bidding closes on July 23. © 2020 CNBC LLC. The 1972 Nike Waffle Racing Flat Moon Shoe was expected to fetch $160,000. Moon Shoes made their debut at the 1972 Olympic Trials Marathon. The lightweight yet durable design became a staple of Nike’s, serving served as the template for many different sneakers in the years to come, propelling the brand toward its iconic status. The auction is being held on behalf of Stadium Goods, a premium footwear marketplace. A rare pair of Nike "Moon Shoes" could fetch as much as $160,000 in an auction held by Sotheby's. Collector Miles Nadal purchased them Tuesday for $437,500, Sotheby's said. 61. An exhibition of the collection is being held in New York every day until bidding closes. Data is a real-time snapshot *Data is delayed at least 15 minutes. Last week, Nadal purchased 99 other pairs of rare sneakers from Sotheby's in a private sale for $850,000. Learn More. The starting price for the Moon Shoe was $80,000, and the final sale price shattered the pre-sale estimate of $160,000. The "Moon Shoe" is estimated to reach a price between $110,000 and $160,000, with the starting bid set at $80,000. Shoes Lifestyle Running Basketball Jordan Training & Gym Soccer Golf Track & Field Skateboarding Tennis Baseball Boots Sandals & Slides Shoes $100 & Under All Shoes Clothing Tops & T-Shirts Shorts Hoodies & Sweatshirts Pants & Tights Jackets & Vests Swimwear Polos Nike Pro Yoga Socks & Underwear Big & Tall All Clothing Accessories & Equipment Bags & Backpacks Apple Watch Nike Hats, … Nike Moon Shoes are from 1972 which was the first year of Nike. We want to hear from you. FREE Shipping by Amazon. According to Sotheby's, the 2016 sneakers are more coveted because Nike released just 89 pairs, compared to the 1,500 pairs released in 2011. The Nike “Moon Shoe” is one of the most significant artifacts in the history of the multi-billion dollar athletic brand. The 1972 “Moon Shoe” is arguably the most important Nike shoe ever made and a true sneaker relic–a modern fossil. Nike Men's Air Zoom Pegasus 36 Running Shoe Phantom/Electric Green/Moon Particle/Ridgerock. According to Hype Beast, Nike Moon shoes were among the 100 pairs of the world’s rarest shoes that was auctioned off for $437,500 (RM1,816,937.50).. 4.5 out of 5 … CNN's Emily Dixon contributed to this report. The later version also featured real power-lacing technology. To manufacture the original 1972 Moon Shoe, Nike sourced nylon uppers from Japan and used rubber that was hand-cut in Eugene, Ore. “One of a small group of pairs known to exist, this Moon Shoe is a handmade running shoe designed by Nike co-founder and legendary University of Oregon track coach Bill Bowerman. Nadal plans to display the sneakers at his private museum in Toronto, the Dare to Dream Automobile Museum. First Moon Shoes To Cross The Finish Line. RUN WITH IT: Trying to capitalize on the demand for hard-to-find sneakers, the collectibles platform Rally will be offering shares of a pair of 1972 Nike prototype Moon Shoe to … A total of 41 designs are being sold, with the collection including vintage items as well as rare shoes designed in collaboration with celebrities – such as an Adidas sneaker designed by rapper Kanye West. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The previous world auction record was set in 2017 at $190,373, for a pair of signed Converse that Michael Jordan wore in the 1984 Olympic basketball final, the auction house said in a statement. Considered to be one of the most sought-after shoes in world, the 1972 Nike "Moon Shoe" has just been sold at a Sotheby’s for a price $437,500 (£350,395) to Canadian collector and businessman Miles Nadal - breaking the record for the most expensive trainers (sneakers) sold at auction.. The New York auction house is allowing collectors to bid on an array of rare sneakers in a digital lot, dubbed "Stadium Goods: The Ultimate Sneaker Collection Online.". This was also considered to be Nike's first ground-breaking innovation. “Both the Moon Racer and the VaporFly 4% tell stories around innovation,” says Nathan Schultze, Nike Sportswear footwear designer. Hence, the name 'moon shoes.' Astronauts walked on the Moon in 1969. Its rubber sole was designed to fit tightly against the foot for increased athletic performance. Nike Air Max Lunar90 SP "Moon Landing" Five years ago, on July 14th, 2014, Nike introduced what are arguably the best Moon landing-inspired sneakers to date: the Air Max Lunar 90 SP "USA." It was the most amount of money ever paid for a pair of shoes. The Nike “Moon Shoe” is one of the most significant artifacts in the history of the multi-billion dollar athletic brand. A rare pair of Nike sneakers with a storied history has just shattered auction records.. Sotheby's auctioned off the Nike "Moon Shoe" for $437,500 Tuesday … Arrives before Christmas. The original Nike Moon Shoe is a track shoe that serves as an archetype for the modern sneaker. The 2016 pair is expected to reach the auction's second-highest price, with Sotheby's expecting the bidding to reach somewhere between $50,000 and $70,000. Bill Bowerman, famed Oregon University track coach and Nike co-founder, crafted the running shoe for the 1972 Olympics. $59.61 $ 59. Two replicas of Marty McFly's famous self-tying Nike sneakers from the movie "Back to the Future Part 2" are also being sold, one pair made in 2016 and the other in 2011. The Nike "Moon Shoe" one of only about 12 pairs of the handmade running shoe designed by Nike co-founder and legendary Oregon University track coach Bill Bowerman. The shoes were made by Nike co … Compared to other running shoes at that time, this very pair provided a better grip for the athletes to run with. Crafted on the famous waffle iron, the “Moon Shoe” nickname actually derived from the footprint a waffle sole left in the dirt in comparison to that of the astronauts in the moon … Sotheby’s Nike Moon Shoes are the only known pair of brand new, unworn, first generation Nike Moon Shoes in existence. The pair of Nike "Moon Shoe," waffle-soled running shoes designed by Nike's co-founder Bill Bowerman for the 1972 Olympic Trials, is one of only 12 ever made, and the only known unworn pair. Therefore, the 'Moon Shoe' is a vintage pair that has made its … All Rights Reserved. Mark Covert wore … A rare pair of Nike "Moon Shoes" could fetch as much as $160,000 in an auction held by Sotheby's. According to Sotheby's, the rare sneaker is "one of the most significant artifacts in the history of the multi-billion-dollar athletic brand," and the pair up for sale is "one of only a handful of pairs known to exist." Handmade by Geoff Hollister under the direction of Nike co-founder Bill Bowerman, they were worn in that year's Olympic Trials by marathoner Bruce Mortenson, and were one of just a dozen pairs made. One of only a handful of pairs known to exist, this Moon Shoe is a handmade running shoe designed by Nike co-founder and legendary Oregon University track coach Bill Bowerman. They're one of 12 pairs ever made and the only known unworn set. Bowerman was inspired to create the waffle sole traction pattern for Nike's early running shoes by experimenting with his wife's waffle iron, pouring rubber into the mold to create the first prototype of the sole, Sotheby's said. 1972 Nike Moon Shoe Named after its signature (and now deteriorating) tread that resembled the footprints left behind by astronauts, this 1972 Nike Moon Shoe is a rare relic. 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