BUSINESS

Sh35m Nike shoe causes a stir at auction

A pair of shoe designed by Bill Bowerman, a track coach who co-founded Nike has made history by selling at Sh35 million.

Noah Wunsch, Sotheby’s global head of e-commerce said the 1972 Nike Waffle Racing Flat Moon was the only remaining hand made pair of shoe among the 12 of its kind that were handed to runners at the 1972 Olympic trials.

He added that the shoe was worth Sh16 million but Miles Nadal offered to pay almost three times the value of the shoe because to him it was a historical artefact in sports history and pop culture.

The Canadian collector a week ago had purchased other 99 pairs worthy Sh85 million which is equivalent to $850,000 in the auction.

“I paid (£351,772) for this rare pair of shoe, having already paid out $850,000 for the other 99 pairs in the auction,” said Nadal.

Nadal will display all these shoes in his at his private automobile museum in Toronto as a showcase.

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