Sotheby’s recently astounded the fashion world with news that their auction of 200 pairs of the highly coveted Louis Vuitton and Nike “Air Force 1” sneakers, designed by the late visionary US artist Virgil Abloh, has generated an incredible $25 million. Crafted from premium calf leather, these special edition sneakers were originally released as part of Louis Vuitton’s spring-summer men’s collection for 2022, during Abloh’s tenure as artistic director.
The auction, which took place online from January 26 to February 8, saw bids soar to unprecedented heights, with the highest bid for a pair reaching over $350,000. These figures far exceeded Sotheby’s initial expectations, as they had set the starting bid at $2,000 per pair and predicted a range of $5,000 to $15,000 for each sneaker.
The final price averaged over $100,000 per shoe, with the most affordable pair selling for just over $75,000. Featuring a color palette of brown, white, and cream, these sneakers boast the iconic Nike swoosh logo, alongside Louis Vuitton’s recognizable monogram and damier motifs. They were specifically designed to honor the 40th anniversary of the Nike Air Force 1, which was initially launched in 1982.
Unfortunately, the trailblazing designer Virgil Abloh passed away in November at the age of 41 after a private battle with cancer. He made history as the first Black American to be appointed creative director of a prestigious French fashion house and was renowned for introducing streetwear and a more inclusive approach to luxury fashion. Abloh had a close association with artist Kanye West and his impact on the fashion world cannot be understated.
The funds generated from this groundbreaking auction will contribute to a scholarship fund established by Virgil Abloh. This initiative aims to empower aspiring designers of Black, African-American, or African descent, reflecting Abloh’s commitment to fostering diversity and driving change within the fashion industry.
This remarkable auction reinforces the lasting impact of Virgil Abloh’s creative vision and his substantial influence on the world of fashion. The overwhelming demand and extraordinary prices achieved for these limited-edition sneakers demonstrate the enduring appeal of Abloh’s designs and the significance of his contributions to contemporary fashion. In addition, it serves as evidence of the growing recognition of streetwear as a legitimate and influential genre within the luxury fashion realm.
The sale of these Virgil Abloh sneakers not only offers collectors and fashion enthusiasts a chance to own a piece of fashion history but also contributes to a meaningful cause that aligns with Abloh’s values. By supporting aspiring designers from underrepresented backgrounds, the scholarship fund established by Abloh will help pave the way for a more inclusive and diverse future in the fashion industry.
In conclusion, Sotheby’s auction of the 200 pairs of Virgil Abloh-designed Louis Vuitton and Nike “Air Force 1” sneakers has surpassed all expectations, fetching an extraordinary $25 million. This exceptional success highlights the enduring fascination with Abloh’s designs and the significant impact he made during his career. Through this auction, his legacy continues to inspire and support the next generation of diverse and innovative fashion talent.
Links:
1. Sotheby’s official website
2. Louis Vuitton official website
