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Sneakers give art a run for its money at first-of-a-kind Sotheby's auction


Added 07-12-19 06:10:02am EST - “Move over Monet. Nike is hot on your heels.” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Sneakers give art a run for its money at first-of-a-kind Sotheby's...”. Below is an excerpt from the article.

Sotheby’s in New York announced on Thursday its first-ever auction dedicated to sneakers, underlining their fast-growing status as collectibles able to command tens of thousands of dollars.

Sotheby’s is teaming up with streetwear marketplace Stadium Goods to auction 100 pairs of the rarest sneakers ever produced, including a sample of one of the first Nike Inc running shoes with a pre-sale high estimate of $160,000.

The Nike “Moon Shoe” is one of only 12 pairs created. It was designed by Nike co-founder and track coach Bill Bowerman for runners at the 1972 Olympics trials and the pair up for auction is handmade, Stadium Goods said.

Other sneakers include 2011 and 2016 versions of the “Back to the Future Part II” limited-edition shoes by Nike that were inspired by the 1989 film starring Michael J. Fox.

The 2016 version of the futuristic shoe, complete with self-lacing technology, is expected to sell for between $50,000 and $70,000.

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