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$2 Million for T-Shirts? How Supreme and Nike Cracked the Auction Market

Jan. 12, 2021 3:38 pm ET On Trend is a weekly column on men’s style that explores fashion’s subcultures and of-the-moment curiosities. IN LATE December 2020, the venerated auction house Sotheby’s hosted an online-only sale of a pair of leather Adidas sneakers. Made in partnership with the 311-year-old porcelain-maker Meissen specifically for the auction, the shoes had been festooned with porcelain overlays and meticulously hand-painted with fanciful motifs from toe to heel, a six-month process that elevated humble sweat repositories to something approaching art. To the highest bidder, the sneakers were worth $126,000. (All proceeds went to the Brooklyn Museum.) These extravagant Adidas shoes are among the sneakers and high-end streetwear pieces that have been infiltrating the tony auction market of late. In July 2019, Sotheby’s sold a historic set of Nike ’s “Moon Shoe” waffle-soled sneakers from 1972 for a then-record-setting $437,500. A pair of game-worn

Nike Moon Shoes 1972| Tattered and worn out, how an ancient pair of Nike shoes are bound to fetch a whopping $100,000

The Moon Shoes were made by Nike s co-founder named Bill Bowerman. The Moon Shoes in pristine condition.   |  Photo Credit: Twitter A pair of ancient Nike Moon Shoes from back in 1972 is making the news currently. It has been put up for sale by the London-based auction house named Sotheby s The shoes being in tattered and filthy condition, no one would expect its price to be at a sky-rocketing level. However, this particular pair actually costs $100,000, which is a fortune for shoes like these! One might wonder as to why the shoes which are in such abysmal condition being put up for sale at a really high price? This very pair has a story behind it that might fascinate anyone who comes across it. 

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