Kanye West's $245 Nike Sneakers Sell Out, Reach More Than $16 Million on eBay

02/10/2014 at 03:00 PM ET

Kanye West Nike SneakersCourtesy Nike; Inset:George Napolitano/FilmMagic

Some people really want to walk in Kanye West’s shoes. The rapper’s new collaboration with Nike — his Air 2 Red October sneakers — sold out in hours Sunday (no surprise), and they’ve already hit eBay (also, not surprising). But the current bidding price for Yeezy’s kicks did manage to surprise us (as in, jaws on the floor): £10,000,000 or roughly $16.4 million.

Nike announced on Twitter Sunday that that shoes were on sale, retailing for $245. And they sold out so quickly that the eBay sales started almost immediately. The sneakers are all red and feature gold embellishments on the laces (not real gold, although for the price people are willing to pay, you’d think it was.)

RELATED PHOTOS: See Kim Kardashian and Kanye West’s matchy-matchy couple style

The most ridiculous listing on eBay shows the top bid at more than 16 million bucks, but more sales have been popping up with “Buy It Now” prices as low as about £3,500.00 (about $5,748), which seems like a total steal by comparison!

What do you think of West’s new shoe? Would you splurge on it? Share your thoughts below!

–Brittany Talarico

FILED UNDER: Accessories , Celebs , Kanye West , Shoes

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Showing 64 comments

Lisa on

The top bid was no doubt from Kanye trying to create his own buzz…. thanks for assisting that Ackjass, People!

whateveryousay on

this society is in the s h it t e r

Katie on

$16 million. No way. I wouldn’t put it past Kanye to have Kim or someone else put them up on Ebay and then he “pays”$16 million just to get them in the news and hype them up. I believe Ebay takes a little bit from what is paid by someone (maybe I am wrong), but basically the publicity would be worth the huge price tag. Who knows, maybe someone is crazy enough to pay for it.

Carol on

Shame on Nike for giving this looser a platform to make even more money that he doesn’t deserve!

Jenny! on

Who supports this guy and wants to be a fan!! He is childish and annoying

Elsa on

As a whole, we Americans, need to get our priorities straight. Squandering money on frivolous things, such as these shoes, is a shame. We need to get away from a materialistic world and let our spiritual life become our main focus.

Anne on

Fools and their money are soon partied. No sneakers are worth near that price just because an idiot has his name on it like Kanye West…..

yaya on

Ri-dic-u-lous.

Amaryllis on

I wouldn’t take a pair of those for free . . . unless I could sell them. Damn those are ugly.

Annie on

Why do I have a feeling he’s bidding for his own shoes?

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