How sneakers turned big-money collectibles

[ad_1]

Written by Megan C. Hills, CNN

In 2009, Derek Morrison stood in an airport boutique and considered spending $960 on a pair of Louis Vuitton x Kanye West sneakers crafted from rose-tinted suede and caramel leather. He ultimately decided against it — he couldn’t justify the price and had too many suitcases.

A little over a decade later, the shoes are being advertised online for $10,000 a pair.
“I’ve regretted it ever since,” said Morrison, who now works as European senior director for the sneaker resale platform, StockX.

Released just months before West debuted his game-changing Nike x Yeezy line, the sneakers have become part of fashion history. “They represented a convergence of sneakers, Kanye and high fashion that was controversial at the time, but such a pivotal moment in the industry,” Morrison said, describing it as “a breakthrough that paved the way for the modern era we see today.”

Visitors look at Kanye West 'Grammy Worn' Nike Air Yeezy 1 Prototype sneakers (R) on display during a Sotheby's auction preview in Hong Kong, China, 17 April 2021.

Kanye West’s Grammy-worn 2008 Yeezy prototype sneakers, which sold for $1.8m at Sotheby’s in…

[ad_2]