The Louis Vuitton and Nike “Air Force 1” and Louis Vuitton pilot suitcase auction has proven to be the most valuable charity auction at Sotheby’s in nearly a decade. A hit like this also brings some interesting and groundbreaking facts about the pair created by Virgil Abloh and made a total of $25.3 million in a sale of 200 lots. 100% of proceeds will benefit the Virgil Abloh™ “Post-Modern” Scholarship Fund. In partnership with the Fashion 2 Scholarship Fund, this exceptional sale will support the education of academically promising students of Black, African American or African descent.
The sought-after pair that retains the original shape is enhanced using luxury fabrics, iconic Vuitton patterns, brown Monograms and Damier graphics. The LV Damier graphic is spotted on the tongues, sidewalls, Swooshes and heel overlays. The exclusive colourway is highlighted by Louis Vuitton Air branding on the outside. Undoubtedly splendid, let’s also check what other facts made this Sotheby’s auction unforgettable:
6. Sensational Success Beyond Expectations-
The amount reached ($25.3 million) was more than eight times the overall high estimates of $3 million from the auction. Charles F. Stewart, CEO of Sotheby’s, said: “Today’s record-breaking auction, which saw unprecedented global attendance, is testament to Virgil Abloh’s legacy as one of the world’s greatest artists and designers. visionaries of his generation whose widespread influence and impact are still palpable. Sotheby’s is honored to have partnered with Louis Vuitton and Nike in this special sale, which is now one of the most successful charity auctions ever held at Sotheby’s.
5. Most Famous Public Records for Most Valuable Sneaker and Fashion Auctions Ever –
Micheal Burke, CEO and President of Louis Vuitton, shared his euphoria: “We are thrilled that the record auction for Virgil Abloh’s Post Modern Scholarship Fund has generated such outstanding results. We are proud that thousands of students can benefit from the benefits, which will allow us to continue to support Virgil’s mission to inspire and support future generations. »
4. Full of sneaker-crazy youngsters-
The magnificent Louis Vuitton and Nike “Air Force 1” auction was driven by more than 75% of new buyers. Of these, more than two-thirds of all bidders were adults under the age of 40.
3. Bidders from over 50 countries-
It’s not every day that the whole world comes together for a pair of shoes! The Sotheby’s auction saw strong international attendance with over 10,000 bids in total. When researched, this widespread global interest revealed over 1,200 bidders from more than 50 countries.
2. Asia has shown overwhelming interest-
The sneakers spotted at Virgil Abloh’s latest LV show have been the object of affection for many Asian shoppers. Nearly 40% of buyers came from Asia, with the average age of collectors being 35 years old. These young bidders accounted for 44% of the total auction value.
1. Collectors compete for rare sizes:
Interestingly, the size 5 led the auction, reaching $352,800. Size 9, on the other end, achieved the highest total value per size, totaling $3.4 million across 26 lots. There were no less than 1,400 bids for size 8, and a size 11 pair received the most bids – 68.