Miles Nadal curated his assortment of shoes within a Canadian museum, complemented by an exhibit showcasing his collection of over 160 cars amassed over the years.
Photograph credit: Vivien Sharon Toronto / Sotheby’s Canada
A Canadian billionaire, financier Miles Nadal, has decided to part ways with his extensive sneaker collection, one of the rarest and most coveted in the world. The auction is set for June 1st, featuring an astounding 750 pairs of sneakers. Among these are shoes adorned with autographs from sports legends like OJ Simpson and Tom Brady, as well as iconic Air Jordans and a notable Nike prototype.
Nadal’s fascination with sneakers began five years ago when he acquired 99 rare pairs for nearly USD$850,000. His passion escalated as he set a record by purchasing a singular Nike prototype for a staggering USD$437,500. His collection has since grown to nearly 1,000 shoes, including a pair of signed Air Jordan 1’s from Michael Jordan’s rookie season, bought in 2020 for USD$560,000.
The auction won’t be limited to footwear; Nadal also intends to include 144 of his esteemed automobiles and motorcycles. Projections suggest his sneaker collection alone could fetch upwards of $2 million, while the vehicles, including an electric car from 1913 and various Ferraris, McLarens, and Lamborghinis, could exceed $60 million.
As Nadal, now 65, has found maintaining his extensive car collection burdensome, he has opted to downsize. Proceeds from the sneaker sale will benefit the Dare to Dream Foundation, supporting underprivileged children, while proceeds from the vehicles will go to Nadal’s family office for donation to various causes.
Peerage Capital, Nadal’s company, owns Sotheby’s International Realty in Canada, claiming to be the largest franchise holder of Sotheby’s International Realty. Both Nadal and Sotheby’s affirm that no special arrangements were made for this auction.
Nadal plans to keep a selection of sneakers and only 20 cars, primarily for daily transportation. It’s quite the lifestyle choice.
Photograph credit: Vivien Sharon Toronto / Sotheby’s Canada
