Canadian investor Miles Nadal splurged $850,000 at Sothebys to snap up their entire auction of sought-after trainers
Some sneakerheads spend their entire lives painstakingly assembling the perfect collection. Others, like Miles Nadal, have a more direct approach: buying them all at once.
Nadal, a Canadian investor and entrepreneur, secured one of the sneaker worlds most impressive hauls this week when he spent $850,000 on 99 of the rarest trainers in the world. The shoes were set to be auctioned by Sothebys and the digital retailer Stadium Goods before he arranged the deal pre-emptively, he told the Guardian.
Ive always been an admirer of sneakers but I didnt know much about it, he said. I thought this was, in one fell swoop, the opportunity to have a world-class collection that I could build upon over the next 25 years.
I am what I would call a SHIT, he joked. A sneakerhead in training.
One pair eluded his grasp, however. The prize of the bunch, a 1972 Nike Waffle Racing Flat Moon Shoe, has been set aside to continue to auction, with bids starting at $80,000. Nadal said he plans to bid on those sneakers as well.
Other notable shoes from the lot include two pairs of Nike Mags, made famous in the film Back to the Future Part II, the Jeter edition Air Jordan 11 sneakers made to commemorate the baseball stars retirement, five pairs of Travis Scotts Cactus Jack Air Jordan 4 shoes, and 15 pairs of Kanye Wests Yeezy Boosts.
Nadal, who ran afoul of the SEC in 2017 and paid a fine of $5.5m, said he has usually only worn sneakers as casualwear. His newfound status as a hypebeast has him rethinking that. On his way to Sothebys in New York on Wednesday he said he was wearing a pair of sacai x Nike with a suit.
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