Sotheby's has bought 200 pairs of sneakers designed by the late Virgil Abloh for a "document breaking" collective US$25.3 million, the public sale home mentioned Wednesday -- greater than eight instances the preliminary US$3 million estimate.
The particular version Louis Vuitton and Nike "Air Power 1" sneakers have been designed for the Louis Vuitton Spring-Summer time 2022, Sotheby's mentioned in a press launch.
The public sale marked the primary time the sneakers have been launched on the market, Sotheby's mentioned. A spokesperson advised CNN Thursday that, as a group, the sneakers had secured "a document public sale complete" for style.
Particular person pairs of sneakers have, nonetheless, commanded the next worth. This features a pair of Nike Air Ships worn by basketball star Michael Jordan, which bought for US$1.47 million in October.
Abloh, who was the creative director for Louis Vuitton menswear -- and the style home's first Black creative director -- died in November on the age of 41 after privately battling a uncommon type of most cancers for 2 years.
The sneakers ranged in dimension from 5 to 18, with the dimensions 5 pair securing the best worth, at US$352,800 -- greater than 23 instances its US$15,000 excessive estimate.
Sotheby's mentioned it acquired 10,000 bids in complete -- 40% of which got here from Asia. Greater than two thirds of bidders have been aged underneath 40.
Every pair was bought with an orange Louis Vuitton carry case made from taurillon leather-based and reinterpreted from earlier designs within the style home archive.
Proceeds from the sale will go to the Virgil Abloh "Put up-Trendy" Scholarship Fund, a charity set as much as help the schooling of promising college students of Black, African American and African descent, the public sale home added.
Abloh had been concerned in early group of the public sale earlier than he died, Sotheby's mentioned.
Charles F. Stewart, CEO at Sotheby's, mentioned in an announcement that the "record-breaking" public sale, which noticed "unparalleled international participation," was testomony to Abloh's legacy as "one of the visionary artists and designers of his technology whose widespread affect and impression remains to be palpable."
In addition to being a designer at Louis Vuitton, Abloh based the label Off-White. He was additionally a DJ and a former inventive director at design company Donda, owned by Kanye West, who's now referred to as Ye.
At Louis Vuitton, he was credited with bringing in a youthful demographic attraction to the model, and for blurring the traces between excessive style and streetwear.
Sotheby's has bought 200 pairs of sneakers designed by the late Virgil Abloh for a collective US$25.3 million, the public sale home mentioned February 9 -- greater than eight instances the preliminary US$3 million estimate. (Sotheby's by way of CNN)
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