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Pursuits

A Company Paid $1.8 Million for Yeezy Sneakers So You Can Afford Them

The record sale of a pair of Kanye’s Yeezy sneakers is a prelude to a public offering.

A $1.8 million pair of sneakers. (Lightly used.)

A $1.8 million pair of sneakers. (Lightly used.)

Source: Sotheby’s

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On Monday, Sotheby’s announced it had brokered a $1.8 million sale of Kanye West’s Nike Air Yeezy 1 sneakers, making them the most expensive pair of (known) shoes to sell, ever.

But the sneakers weren’t purchased by a footwear-loving collector. Instead, they were acquired by the company Rares, which plans to fractionalize pieces of the shoes as an investment.