£450k for trainers: why vintage fashion is the new smart investment

In a booming market for Birkins, Baguettes and ‘Lux Anaconda’ shoes, the traditional auction houses are getting in on the act

If you’ve ever complained about the cost of new trainers, consider this. On Friday night, a pair of running shoes sold $162,500 (£132,000) at auction at Sotheby’s in New York. Though these unique spike shoes were handmade in the early 1970s by Bill Bowerman, co-founder of Nike, they’re not even the most expensive trainers in the world. Those were sold at Sotheby’s last month: a pair of Michael Jordan’s Air Jordan 1s from 1985 fetched $560,000 .

These sales are part of a growing trend for traditional auction houses to sell fashion and streetwear. Many now sell skateboards as well as Picassos, and are setting up handbag departments alongside those for antiquities and old masters.

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