Man sells ‘funky, old’ Nike shoes for $50,000

There’s a new hotel in Oregon that’s proud to have an old pair of shoes in the lobby.

A Nike-themed property in Eugene paid a Sacramento, Calif. man $50,000 for his rare sneakers last month, Fox40 reports.

Dave Russell was 25 when he was vying for a spot on the 1972 Olympic marathon team, Fox40 reports.

He received these first prototype shoes designed by Nike co-founder Bill Bowerman. Only 12 of these waffle-soled Moon Shoes were made.

“They were very unorthodox shoes. They were very exotic because the sole was completely different,” Russell told Fox40. was completely handmade.

Were they good?

“Oh I loved them, they fit like a glove,” he said.

Russell told Fox that he only recently considered selling the rare shoes.

“I kind of had an idea what they were worth, so yeah, but it was way beyond that,” Dave Russell told Fox40 with a laugh. “Who would pay that kind of money for funky old shoes?”

Eugene’s Graduate Hotel features an exhibit of dozens of vintage Nike running shoes.

Russell told Fox40 the money will go to his children and grandchildren.

Steven Adams is director/photographer of Tribune-Review. You can contact Steven at 412-380-5645 or [email protected]