Kanye West's Yeezy Sneakers Fetch A World Record $1.8 Million In Private Sale
Sure you might be into expensive sneakers.
But probably nothing like this.
The Nike Air Yeezy 1 prototypes, which were worn by Kanye West during the 2008 Grammy Awards, sold for a whopping $1.8 million at Sotheby's.
It's the most expensive shoes ever on the open market. Just last August, a pair of Air Jordan 1s sold for $615,000.
The shoes had an interesting story attached, as West released the shoes after he and Nike couldn't see eye to eye anymore.
West went on to begin a relationship with Adidas in 2013, five years after the fall out with Nike. West retains 100% ownership of the Yeezy brand and earns 15% in royalties on sales.
Yeezy revenue grew 31% last year to nearly $1.7 billion.
The shoes were purchased by Rares, a platform which lets users buy and trade shares of rare sneakers.
The company purchased the sneakers from collector Ryan Chang.
There has been a lot of chatter about West's shoes, which back in March were valued as much as $6.6 BILLION.
The very next day, Forbes came out that the shoes are worth somewhere around $1.8 billion.
No matter, the price tag was something no one truthfully expected.