A record-breaking sneaker sells for $ 1.8 million

The “Kanye West Sneakers” of popular US rapper Kanye West, on Monday, smashed a $ 1.8 million sneaker auction sale.

The investment platform built RARES, which paid the highest publicly recorded price for the shoes. The company is considered a pioneer in partial ownership, allowing users to invest in athletic shoes by buying and trading shares in them, according to Reuters.

At this global price, Kanye West’s shoes surpassed Michael Jordan’s shoes by more than $ 560,000.

The most expensive sneakers ever 💰

The Nike Air Yeezy prototype Kanye wore at the 2008 Grammys has been acquired by sneaker-investing platform Rares for $1.8 million. pic.twitter.com/a4ut6YEVUM

— Front Office Sports (@FOS) April 26, 2021

“Our goal in purchasing such an iconic shoe – a piece of history – is to increase accessibility and empower communities that have spawned a sneaker culture with the tools to gain financial freedom through our company,” said co-founder and CEO of RARES, Jerome Sapp.

The sneaker features a black leather, size 12 Nike Air Yeezy 1 model, with a toe strap and the brand’s signature pink lace locks.

It is noteworthy that rapper Kanye West wore this sneaker while performing “Hey Mama” and “Stronger” at the 2008 Grammy Awards, which caused fashion fans to foolishly from social media.

World Record: This pair of Kanye West ‘Grammy Worn’ Nike Air Yeezy 1 Prototypes from 2008 sold for $1.8 million today. Acquired by sneaker investing platform @raresapp via private sale, the pair set a new world record price for a pair of sneakers. https://t.co/bdgKtrHLY2

— Sotheby's (@Sothebys) April 26, 2021

West ended his collaboration with Nike in 2013 and transferred the brand to Adidas, where the Yeezy sneaker brand brought in sales estimated at $ 1.7 billion in 2020.