https://ca.news.yahoo.com/kanyes-yeezy-sneakers-snag-world-130528028.html
NEW YORK (Reuters) - The Kanye West sneakers that sent athletic shoes strutting down fashion runways sold for $1.8 million, a new world record price for a pair of sneakers, Sotheby's announced on Monday.
The American rapper's 2008 'Grammy Worn' Nike Air Yeezy samples were prototypes for a line developed by West and Mark Smith for Nike. They were revealed during West's performance at the 2008 Grammy Awards.
The buyer was sneaker investing platform RARES, which paid the highest publicly recorded price for the pair. RARES is a leader in fractional ownership, allowing users to invest in sneakers by buying and trading shares in them.
https://www.investopedia.com/terms/m/melt-up.asp
What Is a Melt-Up? A melt-up is a sustained and often unexpected improvement in the investment performance of an asset or asset class, driven partly by a stampede of investors who don't want to miss out on its rise, rather than by fundamental improvements in the economy.
When you can buy into what basically amounts to a 'sneaker timeshare', we are clearly living in insane times.
