The first Yeezy sneakers ever worn in public by Kanye West are selling for over $1 million.
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.
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 had valued the item “above $1 million.”
While there is no known record for private sneaker sales, a seven-figure price tag would far exceed the current auction record of $615,000, set at Christie’s in May 2020 by a pair of autographed Nike Air Jordan 1s worn by Michael Jordan in 1985.
Put on the market by sneaker collector Ryan Cheng, and the prototype Yeezys come in size 12, West’s shoe size. According to Brahm Wachter, Sotheby’s head of streetwear and modern collectables, the valuation derives from the brand’s cultural impact.
“This pair is critical to the development of the Yeezy franchise, which has become one of the most important sneakers and lifestyle brands in history,” he said over email.
Rumours of West’s prospective shoe line had circulated for almost a year before his 2008 Grammy performance. When the rapper stepped on stage wearing the soft black leather high-tops, their muted Nike swoosh logos and unique straps — which would become a signature Yeezy flourish — generated significant buzz among fans and sneaker enthusiasts.
At the time, West had just released his third studio album, “Graduation,” which sold almost 1 million copies. During an emotional Grammys performance, he sang “Hey Mama” to honour his mother, Donda West, who had died just three months prior.