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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 ....

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Moore to discuss 'The Black Market' Jan. 13 in Lewes

January 9, 2021
Charles Moore
The Lewes Public Library and Browseabout Books welcome art historian and collector Charles Moore for a discussion of his new book, “The Black Market: A Guide to Art Collecting,” Wednesday Jan. 13 at 5 p.m.
In “The Black Market,” Moore introduces novice collectors and would-be-collectors to the world of African American art, its deep roots, and its connection to the past. Moore presents a fascinating discussion and an essential guide for anyone interested in becoming collector, developing a more meaningful collection, or simply learning more about African American art. Artist and curator Storm Ascher, who recently founded Superposition, a Los Angelos based pop-up gallery highlighting young emerging artists from around the world, will join Moore in conversation. ....

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Art Fairs Will Slowly Return, Bringing Digital Along

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A visitor enjoys a striking exhibit by Niyi Olagunji shown by Tafeta Gallery during the 1-54 Contemporary African Art Fair at Somerset House in London on Oct. 8.
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For gallery owners, artists, and collectors, life before the pandemic often involved getting on a plane and going to Paris, Los Angeles, or maybe Shanghai, to attend the next splashy art fair.
But all that was upended, of course, as the pandemic shut down fair after fair. First to announce a closure was Art Basel Hong Kong, which canceled its March fair in February and moved many of its galleries to online viewing rooms, or OVRs. ....

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