Kanye west Yeezy sells for $ 1.8 million setting a new world record price.

A pair of sneakers worn by Kanye West, US rapper, during his performance at the 2008 Grammy Awards, has been sold for a record $1.8 million.

Sotheby’s, a US-based multinational corporation, which auctioned the sneakers, broke the news on Monday.

The Nike Air Yeezy 1 Prototypes beat the previous record, which was held by a pair of Nike Air Jordan 1s that sold for $615,000 last year.

“The sale also marks the first pair of sneakers to top $1m,” Sotheby’s auction house said on Monday.

The shoes were bought by RARES, an internet platform for investing in rare footwear. Its users can buy shares in a pair in a similar way to how investors buy stocks in a company, Yahoo news states.

They were sold by the shoe collector Ryan Chang in a private sale, which means neither the buyer nor the final sale price can be publicized unless the buyer themselves comes forward.

“The sale marks the highest publicly recorded price for a sneaker sale ever,” the auction house said in a statement.

World Record: This pair of Kanye West ‘Grammy Worn’ Nike Air Yeezy 1 Prototypes from 2008 sold for $1.8 million today. Acquired by sneaker investing platform @raresapp via private sale, the pair set a new world record price for a pair of sneakers. https://t.co/bdgKtrHLY2

— Sotheby's (@Sothebys) April 26, 2021