Kanye West’s Nike Air Yeezy 1 Prototype Just Sold For A Record-Breaking $1.8 Million
Imagine designing a pair of sneakers, and then selling them (THE SINGLE PAIR) for nearly $2 million? Well, that’s what Kanye West just did.
It was reported this week that his Nike Air Yeezy 1 prototype sneakers sold for a massive $1.8 million. These are the same sneakers he wore on stage during his 2008 Grammy Awards performance.
Sotheby shared the news, revealing the single pair of shoes was bought by Rares, a sneaker investment marketplace that lets people buy and trade shares.
The $1.8 million price tag is a record-breaking number. It’s the most expensive pair of sneakers ever sold.
As for what makes this sneaker so valuable? Well, not only was it the jump off point for all the Yeezy sneakers and shoes that followed, but it also has some unique design elements that never hit shelves.
The shoe features a glow-in-the-dark outsole, soft leather fabric and a translucent red Y-shaped lace lock. The prototype, which is currently in Rares’ possession, will go on sale once again on June 16, 2021.
The Rares’ website explains the shoe “will be made available to the sneaker community that made it so valuable to begin with.”
The co-founder of the website claims…
Our goal in purchasing such an iconic shoe — and a piece of history — is to increase accessibility and empower the communities that birthed the sneaker culture with the tools to gain financial freedom through Rares.
I’m sure there is more to it than that. No one drops that much on a pair of shoes just to help out a community. Obviously there is some $$$ involved in this.
Anyway, congrats to Kanye. He’s not receiving that $1.8 million from the deal (he doesn’t need it) but just knowing he created such an expensive piece of art has to feel pretty damn good.