The auction house raised $25.3 million, which it claims is the highest public record for the most valuable sports and fashion shoe auctions. That final figure was eight times the pre-event high estimate of $3 million. However, the purchase is purely a charitable one and it marks the most valuable for Sotheby’s in nearly a decade.
Proceeds will benefit Virgil Abloh Scholarship Fund “Postmodern”. Abloh passed away in November at the age of 41. Founder ivory white brand and creative director of Louis Vuitton menswear, he has helped to break down racial boundaries in the fashion industry and attract a huge fan base for his streetwear-inspired designs. An enthusiastic and agile collaborator, the designer has created numerous fashion co-branded projects including Ikea homeware and an off-road coupe through Mercedes-Benz’s Project Maybach. You can find more examples of Abloh’s artistic inclinations, collaborations and highly detailed drawings on his profile. canary—yellow.com.
Sotheby’s sales are driven by a large number of international contractors with more than 10,000 from abroad. Additionally, 40% of Air Force 1 buyers come from Asia, according to Sotheby’s.
The Abloh Scholarship Fund of the same name was established through a partnership with the Fashion Scholarship Fund to further educate academically promising students who are black, African-American, or of African descent. . Designer careers are not the only source of inspiration for future generations. He is known for taking the time to encourage young talents and motivate them through special appearances and finals.
The standout item at Sotheby’s recent auction was a pair of Air 1s in size 5 in the first lot that sold for $352,800 – more than 23 times the premium estimate of $15,000. And it looks like a pair of size 11 in lot 181 attracted the most bids – registering a total of 68 bids. According to Sotheby’s, all lots exceeded high estimates.
Next year, visitors and New Yorkers will have the opportunity to learn more about Abloh’s design ethos and life. The Brooklyn Museum will host “Virgil Abloh: Figures of Speech” starting in July.
https://wwd.com/fashion-news/fashion-scoops/sothebys-has-record-breaking-sale-with-virgil-abloh-collaborative-sneakers-1235067314/ Sotheby’s records record sales with Virgil Abloh sneakers – WWD