Holiday beauty ads are already inescapable, and so is one clever phrase: “It’s giving.”
As top luxury labels raise prices and tighten distribution, designer bags are garnering higher prices at resale, with some styles from coveted brands retaining a significant portion of their retail value long after purchase.
The auction coincided with the 35th anniversary of the Air Jordan brand.
The "Moon Shoe," designed by Nike co-founder and track coach Bill Bowerman for runners at the 1972 Olympics trials, sold for $437,500.
The event underscores the fast-growing status of sneakers as collectibles able to command tens of thousands of dollars.