Kanye West‘s Air Yeezy trainers are being auctioned for $1million (£726,400).
The rapper, 43, wore the shoes during his iconic 2008 Grammys performance, and the size 12 sneakers are Sotheby’s most expensive ever shoe listing.
The black leather trainers – which feature a faded Nike logo and were designed by Kanye and Mark Smith at Nike’s Innovation Kitchen in Oregon – will be displayed at collector Ryan Chang’s Hong Kong exhibition between April 16 and April 21.
Wow: Kanye West’s Air Yeezy trainers are being auctioned for $1 million. The rapper, 43, wore the shoes during his iconic 2008 Grammys performance (pictured)
The Stronger hitmaker’s Yeezy line – launched in 2015 – and went on to make him a billionaire thanks to the roaring success of the collections.
Kanye created his exclusive footwear brand in partnership with Adidas in 2015, and unveiled his first apparel collection named Yeezy Season 1 that same year.
Before his Yeezy partnership, the doting father designed shoes for Bathing Ape and Nike in 2012, however, after five years and three designs, Kanye ended their partnership because the latter failed to grant him royalties.
Speaking about the Nike Air Yeezy II release in 2012, Kanye said: ‘It was the first shoe to have the same level of impact as an Air Jordan, and I wanted to do more. And at that time Nike refused to give celebrities royalties on their shoes.’
Impressive: The size 12 sneakers (pictured) are Sotheby’s most expensive ever shoe listing and will be displayed at collector Ryan Chang’s Hong Kong exhibition this month
Kanye went on to have his successful long-running partnership with Adidas after they agreed to pay him royalties, and the rapper prefers to make limited quantities of his trainer releases because it helps the brand stay relevant and ‘sell’.
He explained: ‘What makes celebrity products sell so well is scarcity. So if they make it too broadly available, I think it crashes the business model.’
Meanwhile, Kanye has responded to estranged wife Kim Kardashians’ February 19th divorce petition, asking for joint custody of their four children.
The rapper/fashion designer’s filings are practically the same as his reality star ex’s, according to TMZ, with West asking for joint legal and physical custody of North, seven, Saint, five, Chicago, three, and Psalm, almost two.
Split: Kanye has responded to Kim Kardashian’s divorce petition, asking for joint custody of their four children. They’re seen in March 2020 above
Joint custody would not necessarily mean a 50/50 arrangement, with Kim, 40, likely to be their primary caretaker.
Going forward, the couple almost certainly work out an arrangement to be approved by the court. The pair are committed to co-parenting.
Neither Kanye or Kim – both Forbes billionaires – will seek spousal support. Both have agreed to pay for their own legal fees.
A prenup is already in place, likely providing a strong framework for how the pair will divide their assets.
Mommy: Joint custody does not necessarily mean 50/50, with Kim likely to act as primary caretaker of North, seven, Saint, five, Chicago, three, and Psalm, almost two
Interestingly, neither party indicated a date of separation in their paperwork.
Kardashian has hired top Hollywood divorce lawyer Laura Wasser, reportedly the inspiration for Laura Dern’s Oscar-winning role in Marriage Story.
The attorney also represented her when ending her second marriage to husband Kris Humphries, which lasted only 72 days. Prior to that the star was wed to producer Damon Thomas from 2000 to 2004.
According to TMZ, Kim may get to hold on to the family’s Hidden Hills home so as not to uproot the children.
Kim officially filed for divorce back on February 19th, with sources saying it had been months since she and Kanye last spoke.
End of the road: Kim finally filed for divorce this February after about a month of rumors that she and Kanye West were on the verge of breaking up; pictured in 2019