An original Nike Waffle Racing Flat "Moon Shoe" designed by Nike co-founder Bill Bowerman in 1972 has been sold at auction for a staggering $437,500, making it the world’s most expensive shoe. The "Moon Shoe" was part of a 100-sneaker online auction hosted by Stadium Goods and Sotheby’s.

The specific pair showcased at Sotheby’s was provided by collector Jordan Michael Geller of Shoezeum, who described the sneakers as the “crown jewel” of the auction. Only 12 "Moon Shoe" pairs were ever made and these are believed to be the only unworn pair. Prior to the sale, the sneaker was predicted to fetch between $110,000 and $160,000. In 2016, another pair sold for $11,200 on eBay.

Last week, Canadian entrepreneur and investor Miles Nadal purchased 99 of the 100 sneakers for $850,000 but opted to pass on the "Moon Shoe," which went on to smash the previous auction record set by a pair of Converse signed by Michael Jordan. Those shoes were sold in 2017 for $190,373 and had been worn by Jordan in the 1984 Olympic men's basketball final.

For a deeper dive into Nike, check below.

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