Kanye West’s Yeezy prototype has sold for a record-breaking $1.8 million, making it the most expensive pair of sneakers in the world.
Now you might remember BUZZ Fam, that the sneakers were put on sale by auction house, Sotheby’s for $1 million. So it fetched almost double the auction price.
The shoes were acquired by RARES, an investing platform that allows users to buy and trade shares in limited edition and highly sought-after sneakers.
CEO and co-founder of RARES, Gerome Sapp, said purchasing the Grammy-worn pair was like buying “a piece of history”.
“Our goal in purchasing such an iconic shoe is to increase accessibility and empower the communities that birthed sneaker culture with the tools to gain financial freedom through RARES,” Sapp said.
Meanwhile, Brahm Wachter, Sotheby’s head of streetwear & modern collectables, the sale of the size 12 pair of shoes “speaks volumes of Kanye’s legacy as one of the most influential clothing and sneaker designers of our time.”
West wore this pair of sneakers during his 2008 Grammy performance. They were designed in Nike’s “Innovation Kitchen” in Oregon, and feature a soft black leather upper with perforated detailing. They sport a tonal Swoosh on the overlay, along with a Yeezy forefoot strap and the label’s signature “Y” medallion lace locks in pink. The sneakers will also come housed in a custom wooden box emblazoned with a design by Smith.