At the Sotheby’s auction house in New York, in a building packed with fine art and rare Nike Internationalist Femme collectibles, there’s a room filled with sneakers.Sotheby’s and its partner in the auction, sneaker reseller Adidas NMD Womens Stadium Goods, describe it as the ultimate sneaker collection, comprised of “100 of the rarest sneakers ever Nike Air Max TN Mujer produced.” They’re expecting high prices: possibly $3,000 for those 1994 Jordans, up to $50,000 for the Adidas NMD, and Adidas Gazelle Damen as much as $160,000 for the Moon Shoes.The auction, which opens today and runs through July 23, marks Sotheby’s first focused Nike Air Max 90 Donne solely on sneakers. They aren’t its usual territory, but the world’s oldest fine-art auction house recognizes the position they hold in culture now.
“and especially with the trajectory we’ve been seeing in how—culturally—art, luxury, streetwear are all starting to intertwine in these Nike Air Max 90 Femme bigger ways.”Sneakers are just one part of that world, but probably the biggest. The desire, and Nike Air Presto Dames willingness to pay for, rare shoes has allowed the resale market that companies such as Stadium Goods operate Nike Air Vapormax Damen in to grow to $2 billion in North America alone. Investment firm Cowen reported the number in an April note to Nike Air Max 720 Mujer investors that proposed sneakers as an emerging “alternative asset class”—the rare product that can actually appreciate Nike Air Max 95 Femme in value. “If you look at the trajectory of the values of these items, the collectability, the consumer interest—both from the Nike Blazer Low Femme core collector base that’s been around for years, but also international, mass-market consumption of these products—it’s just something that’s been consistently evolving for quite some time,” says John McPheters, co-founder and co-CEO of Stadium Goods.
Glass cases house shoes Nike Air Presto Femme such as the 1994 Air Jordan 1, which marked Nike’s first-ever reissue of the shoe that launched modern Adidas Superstar Femme sneaker culture (Quartz member exclusive). One case holds a pair of limited-edition Adidas NMDs from Pharrell’s Nike Air Pegasus 83 Femme collaboration with Chanel that the singer had made exclusively for late designer Karl Lagerfeld. Most notable Nike Air Max 90 Femme of all is the handmade Nike “Moon Shoe” from 1972, designed by Nike cofounder Bill Bowerman, who got the inspiration for Nike Internationalist Femme the grippy sole from his waffle iron. The shoes, a vital part of Nike’s history, have all but disappeared, and this is the only unworn pair known to exist, Sotheby’s says.The 2016 self-lacing Nike Mag, first imagined for the movie “Back to the Future 2.” It’s predicted to fetch up to $70,000 at Nike Air Max 1 Dames auction.