That’s Baller: 200 Pairs of Virgil Abloh-Designed Louis Vuitton x Nike Sneakers Sell for “Record-Breaking” $25 Million

Sotheby’s famous auction house has sold 200 pairs of sneakers designed by the late Virgil Abloh for a “record-breaking” total of $25.3 million. Insiders say the final sale price is 8 times more than the initial $3 million estimates.

The special edition sneaker is a collaborative effort from Louis Vuitton and Nike. The “Air Force 1” sneakers were designed for the Louis Vuitton Spring-Summer 2022 collection.

Sotheby’s said the auction was the first time the sneakers were released for sale. A spokesperson said the collection secured “record auction total” for fashion.

Sotheby also revealed the demographic of the bidders for the exclusive collection of sneakers.  Of the 10,000 bids received – 40% came from bidders in Asia. In contrast, 70% of bidders were under 40 years old.