The sneaker resale market has ballooned right into a $6 billion trade during the last decade or two. Multimillion-dollar companies have sprung up off the again of it, youngsters have out-earned their dad and mom in a single day, and big-time traders and businesspeople internationally have began to concentrate to sneakers as a reputable asset-class product.
It’s all about provide and demand. The hyped-up nature of many fashions, coupled with restricted releases and low availability, has created an ideal storm, whereby the fitting pair of kicks – the identical ones that might have value as little as $100 at retail – can go for upwards of $100,000. And we’re not speaking middle-aged ‘sneakerheads’ promoting to one another on area of interest Fb teams and boards anymore, we’re speaking high-profile auctions on the most prestigious brokers on this planet – Sotheby’s and Christie’s to call simply two.
So, what are these big-ticket sneakers which are bringing within the megabucks? There are too many to record off right here, however to provide you a flavour of simply how outrageous issues can get, we’ve used precise sale knowledge and market estimates from specialist platforms like StockX to carry you the ten most costly sneakers of all time so far.
Strong Gold OVO Nike Air Jordan 10 ($2.0m)
When Drake collaborated with Nike to place his stamp on the Air Jordan 10 silhouette, he determined (as any millionaire rapper value their salt would) to make them from strong 24k gold. The sneakers are estimated to have value $2.0 million to make, and because of the 22kg weight of every shoe, they gained’t truly be a lot use on the courtroom.
Nonetheless, for turning heads and topping ‘most costly sneakers of all time’ lists, there’s no higher shoe on this planet.
Nike Air Yeezy ‘Prototype’ ($1.8m)
Earlier than all of the knitted uppers, injection-moulded insanity and alien-like silhouettes he created with Adidas, Kanye West labored with Nike to supply his signature sneakers. Most red-blooded sneakerheads will let you know that Ye’s Nike period is much superior to something he’s completed since, and on this case the proof is within the pudding.
The Air Yeezy ‘Prototype’ is the one shoe of its form in existence. It was worn by Kanye throughout his legendary fiftieth Annual Grammy Awards efficiency, giving the world its first have a look at a Yeezy shoe. When it was bought by the sneaker-investing market RARES from Sotheby’s in 2021, it marked the most important sneaker sale in historical past and stays so to at the present time.
Michael Jordan’s Nike Air Ships ($1.47m)
How a lot would you pay for a pair of used basketball sneakers? In all probability not rather a lot. However in the event you’re sneaker collector Nick Fiorella and the basketball sneakers in query as soon as belonged to Michael Jordan then the reply is definitely $1.47 million.
These game-worn Air Ships have been the primary sneakers to promote for over $1 million at public sale, marking a big milestone within the sneaker-resale trade’s unstoppable development.
Michael Jordan’s Authentic ‘Shattered Backboard’ Nike Air Jordan 1s ($615,000)
In 1985, Michael Jordan participated in a Nike-sponsored exhibition recreation in Italy the place he famously made a dunk so highly effective that it shattered the backboard. These are the sneakers he was sporting throughout that historic recreation, they usually just lately bought at Christie’s for an eye-watering $615,000.
One of many sneakers even incorporates a shard of the damaged glass from that iconic sporting second, making these sneakers all of the extra fascinating to collectors.
Nike Waffle Racing ‘Moon Shoe’ ($437,500)
Ask any sneakerhead what a very powerful model within the trade is they usually’ll let you know: Nike. The sportswear big has been behind lots of the most important sneaker designs of all time, and this unimpressive wanting working shoe may simply be a very powerful.
It was made by Nike’s founder, Invoice Bowerman, and was the primary shoe to function the enduring waffle sole. The story goes that it was the results of tinkering together with his spouse’s waffle iron, and the title ‘Moon Shoe’ got here from the prints it left on the bottom, which resembled the tracks left by the lunar astronauts in 1969. It’s considered one of solely a handful of pairs identified to exist.
Michael Jordan’s Converse Fastbreaks ($190,373)
Sport-worn on the 1984 Olympic Video games and autographed by the person himself, these battered previous Fastbreaks are the final sneakers Michael Jordan wore previous to his NBA profession, and the final time he wore Converse in a recreation.
Naturally, they bought for foolish cash at public sale – $190,373 to be exact.
Michael Jordan’s ‘Flu Sport’ Nike Air Jordan 12s ($104,765)
Are you able to see a sample starting to emerge right here? These are the sneakers Jordan wore within the 1997 NBA Finals – a pair of black and crimson Air Jordan XIIs, dimension 13. Why are they so particular? As a result of that individual recreation was one of the vital memorable in NBA historical past.
With MJ battling a thriller sickness (it later turned out to be meals poisoning) it regarded just like the Bulls have been completed for. Amazingly, Jordan turned it round and led his group to a spectacular win, giving the sneakers to a fortunate ball boy who’d requested for them earlier than the sport.
They bought at public sale for $104,765 in 2013.
Self-Lacing Nike MAG ($104,000)
The Nike MAG was the fictional shoe worn by Marty McFly in Again to the Future Half II. It featured a self-lacing adaptive match that routinely conformed to the wearer’s foot. In 2016, Nike determined to really create the shoe for actual, together with the futuristic lacing tech.
The sneakers have been created along side the Michael J. Fox Basis to boost cash for charity and it’s secure to say they succeeded. The MAG was initially launched by way of a draw and solely 89 pairs have been up for grabs globally. The going charge now? In extra of $100,000.
Single Air MAG ($92,100)
For over $90,000, you’d hope to no less than get a pair of sneakers, however that’s not the case right here. This lone Air MAG is without doubt one of the unique props from Again to the Future Half II, and bought for a whopping $92,100, even if a lot of the heel crumbled into yellow mud way back (don’t fear although, the mud is included).
Nike Dunk SB Low ‘Paris’ ($51,000)
The Dunk SB Low ‘Paris’ is the most costly Nike SB shoe available on the market by a good distance. It’s rumoured that solely 150-200 pairs have been ever produced, every one that includes panels made out of the cut-up art work of French artist Bernard Buffet, which means that no two pairs are the identical.