Kanye's $1M Yeezy's could become the world's most expensive sneakersApril 15, 2021 - 13:37 AMT PanARMENIAN.Net - The first Yeezy sneakers ever worn in public by Kanye West are going on sale for over $1 million, CNN reports. 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 has valued the item "in excess of $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, the prototype Yeezys come in a 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 sneaker and lifestyle brands in history," he said over email. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |