Kanye wore the size 12 shoes at the 2008 Grammys, which were then acquired by RARES, a sneaker investing platform that will allow users to “own a piece of the world’s most valuable shoe.”
The Nike Air Yeezy 1s are now the most expensive sneaker of all time.
RARES founder and CEO Gerome Sapp said in a statement, “Our goal in purchasing such an iconic shoe–and a piece of history–is to increase accessibility and empower the communities that birthed sneaker culture with the tools to gain financial freedom through RARES."
This is a huge accomplishment for the company. The Nike Air Yeezy 1s nearly tripled the $615,000 sale for a pair of 1985 Nike Air Jordan 1s worn by Michael Jordan during a pre-season game in Italy.
West ended his collaboration with Nike in 2013 before taking the brand to adidas.