Robert Frank, CNBC Published 12:52 p.m. ET July 17, 2019 | Updated 12:56 p.m. ET July 17, 2019


This image taken from video shows the Nike handmade Moon Shoe, designed by Nike co-founder Bill Bowerman in 1972, on display in New York on Friday, July 12, 2019. (Photo: Ted Shaffrey, AP)

A collection of sneakers being auctioned by Sotheby’s sold for $850,000, proving that rare sneakers are becoming a coveted collectible.

Sotheby’s and digital retailer Stadium Goods opened the auction on Thursday for 100 pairs of the rarest sneakers ever from Nike, Adidas and Air Jordan. All but one of the pairs sold this week to Canadian entrepreneur and investor Miles Nadal

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