NEW YORK – Sotheby’s and Stadium Goods have announced that 99 of 100 rarest sneakers ever produced have been acquired privately for $850,000.
Originally scheduled for an online-only auction closing on July 23, Stadium Goods – a sneaker and streetwear marketplace – curated a selection of the most prized footwear from their famed Trophy Case, the most exclusive and coveted sneakers ever 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 the consignor of the Nike Moon Shoes preferred to keep the property available in public auction.
As a result, the 1972 Nike Waffle Racing Flat ‘Moon Shoe’ will remain open for bidding for one more week, until 23 July (estimate $110/160,000).
The Nike “Moon Shoe” is one of the most significant artifacts in the history of the multi-billion dollar athletic brand. One of only a handful of pairs known to exist, the present pair is a handmade running shoe designed by Nike co-founder and legendary Oregon University track coach Bill Bowerman. As the famous story goes, Bowerman was first inspired to create the innovative waffle sole traction pattern found on the brand’s early running shoes by tinkering with his wife’s waffle iron and pouring rubber into the mold to create the first prototype of the sole. Made for runners at the 1972 Olympic Trials, only about 12 pairs of the Moon Shoes were created, with even fewer still remaining today. The sneaker is the only pair known to exist in unworn condition.
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. Nadal plans to share the collection with friends, family and charitable organizations, upon request.
The complete exhibition of all 100 pairs will remain on public view at Sotheby’s New York until July 23.
Noah Wunsch, Sotheby’s Global Head of eCommerce, commented: “It’s clear from Mr. Nadal’s comprehensive collection of iconic cars that he is someone with a strong interest in items of the highest standard of design and quality. To have a collector of his standing acquire such a significant collection is a testament to the present strength and future of the sneaker collecting category. Stadium Goods has been an exceptional partner throughout this process, and their curated selection of the finest sneakers ever produced has proven to be an irresistible offering.”
John McPheters, Stadium Goods co-founder and co-CEO, said: “Mr. Nadal’s obvious connoisseurship for fine design affirms the broad-based quality of the items we were able to put together with Sotheby’s, and we’re thrilled that Mr. Nadal is planning to present the sneakers together. This represents a key moment both for sneaker collecting and sneaker culture overall. We are proud and honored to have been able to partner with Sotheby’s to bring Stadium Goods’ passion for the culture of sneakers to new audiences.”
Miles Spencer Nadal said: “I have always been an avid enthusiast and appreciator of unique art and collectibles that represent innovative design, exceptional craftsmanship, and new and exciting trends in pop culture. Acquiring such a range of contemporary classics is a unique opportunity to build a substantial sneaker collection of iconic proportions. The collection will be a wonderful complement to the Dare to Dream classic car collection, and I am excited to showcase these magnificent sneakers.”
An avid car collector and enthusiast, Mr. Nadal has acquired over 142 cars and 40 motorcycles which comprise the Dare to Dream Classic Car collection. The collection ranges from the first motorized car in 1886 – The Karl Benz Motorwagen – to the 1955 Mercedes Benz 300 SL Gullwing, to most of the modern-day Super Cars. Housed in a private, 94,000 square foot facility at the Dare to Dream Automobile Museum in Toronto, the museum also features a substantial collection of automobile and racing artifacts, collectibles, and antiques.
Nadal is the founder and executive chairman of Peerage Capital, a leading North American business services and private investment firm with over $8 billion of assets under management and 1,500 employees. The firm’s business encompasses real estate, real estate services, asset management, and financial services. Throughout his 39-year business career, Mr. Nadal has created $6 billion of enterprise value across a variety of industries and organizations.
He is also the founder of Dare to Dream, a multi-faceted philanthropic initiative whose mission is focused on supporting community-based organizations, healthcare research and fundraising, child welfare facilities, and higher education development, from executive management leadership to biomolecular research. Through this array of charitable outreach, Mr. Nadal has spearheaded numerous projects, including providing the keystone gift to the Jewish Community Centre in Toronto to re-vitalize the facility as an inclusive community hub for all residents, now named the Miles Nadal Jewish Community Centre; providing three decades of involvement as a director, fundraiser and donor for Mount Sinai Hospital, culminating in a major donation to create the Miles Nadal Family Heart Centre in 2015, as well as being a substantial contributor to Harlem RBI and the Damon Runyon Cancer Research Foundation; aiding the Global Medical Relief Fund in building a facility in Staten Island, New York, to care for childhood victims of war and disasters; and providing generous support in establishing world-class education facilities, such as the Miles S. Nadal Management Centre for York University’s Schulich School of Business and a molecular genetics research laboratory at The Weizmann Institute of Science in Israel.
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