The 1972 Nike Waffle Racing Flat ‘moon Shoe’ Achieves $437,500 World Auction Record For A Pair Of Sneakers
NEW YORK, 23 July 2019 – Sotheby’s and Stadium Goods are pleased to announce that collector Miles Nadal has acquired the 1972 Nike Waffle Racing Flat ‘Moon Shoe’ for $437,500 – more than four times the previous* world auction record for any pair of sneakers, and multiples of their pre-sale high estimate of $160,000. Mr. Nadal purchased the pair in an online-only auction today, following his acquisition of 99 of 100 of the rarest sneakers ever produced in a private sale for $850,000 last Wednesday. Stadium Goods – the world’s premier sneaker and streetwear marketplace – curated a selection of the most prized footwear from their famed Trophy Case - the most exclusive and coveted sneakers ever 2 produced by Nike, Air Jordan, Adidas, Yeezy and more, spanning over 15 years of the most sought-after, limited edition drops in sneaker history. International entrepreneur and collector Miles Spencer Nadal originally presented an offer to acquire the entire collection of 100 pairs, however Sotheby’s and Stadium Goods elected to keep the pair available in public auction. As a result, Mr. Nadal acquired 99 pairs last week in a private sale, and the 1972 Nike Waffle Racing Flat ‘Moon Shoe’ remained open for bidding until today in an online-only auction as originally scheduled. An avid car collector, entrepreneur, industrialist and philanthropist, Mr. Nadal plans to display the sneaker collection at his Dare to Dream Automobile Museum in Toronto, Canada – a private museum featuring an extensive collection of classic cars. Mr. Nadal plans to share the collection with friends, family and charitable organizations, upon request.