Over the moon: Nike sneakers sell for record $437,500

A new world record for a pair of sneakers was set at auction on Tuesday when an avid collector splashed out $437,500 on Nike’s 1972 “Moon Shoe,” Sotheby’s said. The sale smashed the previous record of $190,373 spent in 2017 on a pair of signed Converse worn by Michael Jordan in the 1984 Olympic basketball final, the New York-headquartered auction house said in a statement. It was also well above the pre-sale estimate of $160,000, Sotheby’s added. Canadian collector Miles Nadal was the successful bidder in the online action, adding to the 99 pairs of other hard-to-find shoes that he bought in a private sale last week. “I am thrilled to acquire the iconic Nike ‘Moon Shoes,’ one of the rarest pairs of sneakers ever produced, and a true historical artifact in sports history and pop culture,” Nadal said. Nike co-founder Bill Bowerman designed the flat racing ‘Moon Shoe’ which was made for runners at the 1972 Olympic trials. Sotheby’s said that just around 12 pairs were