Monday, July 29, 2019

1972 Nike Olympic Running Shoes Auctioned For $437,000

It has been 20 years since Bill Bowerman passed away -- the co-founder of Nike, Inc. as well as a respected track and field coach. Over his career, Bowerman trained 31 Olympic athletes, 51 All-Americans, 12 American record-holders, 22 NCAA champions and 16 sub-4 minute milers. His most notable creation, the waffle shoe, was created by pouring rubber onto his wife's waffle iron in order to make the prototype sole.

Last week, a pair of extremely rare, never-worn Nike running shoes designed for the 1972 Olympic trials set a new world record after selling for more than $437,000 during a public auction. It has been reported that collector Miles Nadal surpassed the world auction record for sneakers after he purchased the shoes for his private collection. Only 12 pairs were ever made. Nadal has said that he plans to display the waffle shoes at his Dare to Dream Automobile Museum in Toronto, Canada – a private museum featuring an extensive collection of classic cars.

The amount paid by Nadal shatters the previous world record for the price a single pair of sneakers, which was previously held by the sale of a pair of limited-edition, self-tying Nike Air Mag “Back to the Future II” shoes that sold for $200,000 in November 2016. The new world-record amount is also more than double the price of the most expensive game-worn shoes – the Converse Fastbreaks – that Michael Jordan wore during the 1984 Summer Olympics, which sold for $190,373 in June 2017.

Keep Reaching For Life's Mileposts,

Paul Staso