All 200 pairs of the limited-edition collaboration, designed by virgil abloh, Louis Vuitton’s late artistic director of menswear, were offered for sale in a two-week auction at Sotheby’s that raised a whopping grand total of $25.3 million.
The total is more than eight times higher than Sotheby’s original high estimate of $3 million, and the sale has set the highest-known public record for sneaker and fashion auctions
One hundred percent of the proceeds from the auction will be donated to The Virgil Abloh “Post-Modern” Scholarship Fund, an initiative Abloh created to help Black students, African-American students or students of African descent secure scholarships to study fashion.