The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby's and sneaker marketplace Stadium Goods.
While aged and brown, the 1972 Nike Waffle Racing Flat "Moon Shoe" is almost a mythical part of sneaker history. The shoes were made by Nike co-founder Bill Bowerman, who used his wife's waffle iron to create a new kind of running shoe with a waffle-patterned sole to help runners improve speed. Nike made 12 of the shoes for runners in the 1972 Olympic trials, and the design went on to help Nike become a global sneaker powerhouse.
Nadal said he had never collected sneakers in the past and rarely even wore them, tending more toward suits and dress shoes. But when learned about the fast-growing world of sneakerheads and collecting, and the rise of streetwear in the collecting world, he realized sneakers were a true art form worth collecting, he said.
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