The first Yeezy sneakers ever worn in public by Kanye West is going on auction for over $1 million as the most valuable to appear on the market, the auction house selling them says.
The Nike Air Yeezy 1 Prototypes, which the American rapper debuted at the 50th Annual Grammy Awards in 2008, will be among the most expensive sneakers ever to appear on the market, according to Sotheby’s auction house, which is organizing the sale.
Kanye West first wore the shoes while performing at the Grammys in 2008. It is now being sold by shoe collector Ryan Chang, through Sotheby’s auction house, and will be on display in Hong Kong from Friday.
In recent years, sneakers have gained the same collectable status as wine or jewellery. Sotheby’s, a global auction house, held its first ever sale dedicated entirely to sneakers in 2019.
Described in a press release as “one of the most prized and sought-after sneakers in existence,” the shoes will be offered via private sale after going on display in Hong Kong later this month. Sotheby’s did not reveal an exact asking price, though it said it has valued the item “in excess of $1 million.”