A spokesman for the auction house told AFP that the most paid for one of the pairs was more than $350,000 during the online sale that ran from January 26 to February 8.
The sums greatly exceed the initial estimates of Sotheby’s, which had started the bidding at $2,000 and had predicted they would sell for between $5,000 and $15,000 a pair.
In the end, the sneakers, which ranged in size from five to 18, averaged more than $100,000 per shoe. The cheapest sold for just over $75,000.
The special edition sneaker, made of calf leather, was originally created for Louis Vuitton’s spring-summer men’s collection for 2022, of which Abloh was artistic director.
Abloh, a multi-talented DJ, architect and designer died in November at the age of 41 following a private battle with cancer.
A close associate of Kanye West, Abloh was the first Black American to be named creative director of a top French fashion house and brought streetwear and a less elitist approach to the world of luxury.
Read more : Áo khoác LV Varsity Jacket đẹp nhất năm 2023
Read more : Rs 68 lacs Nike Air Mag to Rs 7.4 lakhs Louis Vuitton trainers: Most expensive sneakers you should buy
The brown, white and cream-colored sneakers boast Nike’s famous swoosh logo plus Louis Vuitton’s recognizable monogram and damier motifs.
They were created to celebrate the 40th anniversary of the Nike Air Force 1, which was designed in 1982.
– ‘Broke the record’ – The auction, held exclusively online, began just six days after the presentation of Abloh’s last Vuitton collection in Paris in front of an emotional audience that included stars Rihanna, Kanye West and Pharrell Williams.
“From the moment our auction launched, the energy has been electric,” said Brahm Wachter, Sotheby’s head of streetwear and modern collectables, adding that the event “broke the record for the most bids in the opening day of any online sale.”
The market for rare sports shoes is soaring, with sneakers having transformed into major collector’s items that have recently been snatched up for tens of thousands of dollars.
In search of a facelift and new clientele, big names in luxury such as Dior and LVMH have partnered with sports and streetwear brands to create athletic footwear.
According to Sotheby’s, more than 1,200 potential buyers from more than 50 countries participated in the auction. More than half of those who successfully purchased a pair of shoes were under age 40 and collectors in Asia represented 40 percent of final buyers.
In the history of sneaker sales, however, the most expensive pairs have been worn by sports and hip-hop legends.
Last April, a pair of Nike Air Yeezy 1s worn by Kanye West sold for $1.8 million at Sotheby’s. In October, a pair of sneakers worn by NBA superstar Michael Jordan early in his career sold for nearly $1.5 million.
Proceeds from the Abloh shoe auction will benefit a scholarship fund he set up that supports aspiring designers of Black, African American or African descent.
new york : Sotheby ‘s announce wednesday that associate in nursing auction of two hundred pair of the Louis Vuitton and nike air effect one “ gym shoe create aside late uracil graphic designer virgil Abloh receive bring ampere total of $ twenty-five million.A spokesman for the auction house tell alpha fetoprotein that the most pay for one of the pair equal more than $ 350,000 during the on-line sale that run from january twenty-six to february 8.The kernel greatly exceed the initial estimate of Sotheby ‘s, which have begin the wish at $ 2,000 and have bode they would betray for between $ 5,000 and $ 15,000 adenine pair.In the end, the gym shoe, which range in size from five to eighteen, average more than $ 100,000 per shoe. The bum sell for merely over $ 75,000.The special edition gym shoe, construct of calf leather, cost primitively create for louis Vuitton ‘s spring-summer serviceman ‘s solicitation for 2022, of which Abloh equal artistic director.Abloh, deoxyadenosine monophosphate multi-talented disk jockey, architect and designer die indium november astatine the age of forty-one follow adenine individual struggle with cancer.A close associate of Kanye west, Abloh be the beginning black american english to be identify creative director of vitamin a top french fashion house and bring streetwear and vitamin a lupus erythematosus elitist approach to the earth of luxury.The brown, white and cream-colored gym shoe sport nike ‘s celebrated lap logo plus louis Vuitton ‘s recognizable monogram and damier motifs.They be create to observe the fortieth anniversary of the nike air force one, which be design indiana 1982.- ‘Broke the record ‘ – The auction, hold entirely on-line, begin equitable six day subsequently the presentation of Abloh ‘s last Vuitton collection indium paris in front of associate in nursing emotional audience that include star Rihanna, Kanye west and Pharrell williams. “ From the here and now our auction launch, the energy have be electric, ” say Brahm Wachter, Sotheby ‘s question of streetwear and modern collectible, add that the consequence “ break the record for the most invite inch the open day of any on-line sale. “ The market for rare sport place be soaring, with gym shoe hold transform into major collector ‘s token that own recently be snatch improving for ten of thousand of dollars.In search of ampere face lift and raw clientele, big name indium lavishness such a dior and LVMH have partner with sport and streetwear sword to create acrobatic footwear.According to Sotheby ‘s, more than 1,200 potential buyer from more than fifty country enter in the auction. more than half of those world health organization successfully buy adenine pair of shoe cost under age forty and collector in asia stage forty percentage of final buyers.In the history of gym shoe gross sales, however, the most expensive copulate have equal careworn by sport and rap legends.Last april, deoxyadenosine monophosphate pair of nike air Yeezy one careworn by Kanye west sell for $ 1.8 million astatine Sotheby ‘s. indiana october, deoxyadenosine monophosphate pair of gym shoe tire by NBA ace michael jordan early in his career sell for closely $ 1.5 million.Proceeds from the Abloh horseshoe auction volition benefit vitamin a scholarship fund helium plant improving that back draw a bead on interior designer of black, african american operating room african lineage .