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Published: 27 April 2021
Edit/ Seham Abedin
A sneaker worn by American rapper Kanye West while performing his songs at the 2008 Grammy Awards broke the record for the biggest sneaker sale to date.
Today, Monday, US company Sotheby's announced that the Nike Air Yeezy 1 shoe is the first version of Nike's 2007 model, worn by Kanye West at the 2008 Grammy.
During his performance of "Hey Mama" and "Stranger," he earned $1.8 million during a sale of a sneaker investment called "RARES."
The co-founder and CEO of RARES, Jerome Saab, said:
"Our goal in buying such an iconic shoe - a piece of - is to increase access and empower the communities that have given birth to a sneaker culture with the tools to gain financial freedom through our company."
This is the highest price ever recorded in the sale of sneakers to date, and the first type of sneaker to exceed $1 million in sales, along with the price of the shoe of renowned basketball player Michael Jordan, which was sold at Cristes Auction House for $ 615.
The sneaker features a black leather, 12 "Nike Air Yeezy 1" model, a belt at the front of the foot and a trademark pink dantail lock, designed by West himself in collaboration with Mark Smith, who is in charge of the creative section of Nike Shoes.
West ended his collaboration with Nike in 2013 and moved the brand to Adidas, where the Yeezy sneaker brand brought about $1.7 billion in sales in 2020.