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Huayu News According to London Eye report
1
Retro Nike's "moon shoes" auction price exceeds 350,000 pounds
According to the BBC, a pair of rare Nike sneakers designed by the co-founder of Nike company was sold for a record $437,500 (£351,772).
At the 100 pairs of sneakers auction held in New York, these shoes were the last batch of shoes to be auctioned.
Nike 's retro "moon shoes" were auctioned by Sotheby's , and the company decided to expand its auction products and enter the sports shoe auction market. The bidding for the shoes starts at $80,000 and is expected to be sold for $160,000. The sales price of
is probably a bit biased. At the end of the auction on Tuesday, July 24, the shoes were sold for a staggering $437,500. It's the highest-priced pair of sneakers ever sold, breaking the record of $190,373 that Converse paid in 2017 for the signature Converse wearing in the 1984 Olympic basketball final.
They were originally designed in 1972 by Nike co-founder Bill Bowerman and were handmade specifically for the 1972 Olympics.
has only made 12 pairs, and they are called "lunar shoes" due to the mark left by the soles. Bowerman used his wife's waffle iron to test the tread design of the sole. This tread design was revolutionary at the time because the soles were soft – running shoes usually used with studs. The shoes as a company push Nike to orbit, which means those "moon shoes" are a very important part of history. The pair for sale, which is considered to be the only undestroyed pair in existence, is owned by a man named Dave Russell, who obtained the shoes for free after participating in the marathon after participating in the 1972 Olympic Trials.
Shoe collector Miles Nadal is the one who owns $437,500 for sports history. Nadal spent $850,000 to buy 99 other pairs of sneakers from Sotheby’s auction as part of its “Ultimate Sneaker Collection” auction, according to a statement from Sotheby’s Auction. The range of shoes includes the Air Jordan 11 commemorating Derek Jeter's career, and the once fictional Nike MAG sneakers, which use self-brushing technology to learn from "Back to the Future Part Two". With the purchase of “Moon Shoes,” Nadal now owns the entire collection.
Nadal, the founder of a private investment company and an accomplished car collector, told Sotheby's that he plans to showcase "lunar shoes" at his private museum in Toronto, the Dare to Dream Automobile Museum. The museum is named after his charitable activities.
2
UK residential sales fell 16.5%
According to the Financial Times, UK home sales fell 16.5% year-on-year in June 2019. Real estate experts said that political uncertainty is affecting the confidence of buyers and sellers.
Data released by the UK's General Administration of Taxation and Customs (HM Revenue Customs) on Tuesday, July 24 showed that in June 2019, the UK's residential real estate transaction volume also fell from 93,520 in May to 84,490, a decrease of nearly 10%.
Lucian Cook, head of residential research at Savills, real estate brokerage firm, described the data as "the first solid evidence that the background of political and related economic uncertainties has affected real estate market activity."
House demand in the high-end market in London and the southeast has been weak in recent months. "The uncertainty of the fate of the UK, as well as the uncertainty of Brexit, has affected the demand for major residential properties. This has spread to a decline in demand for ordinary housing in London."
Francis said some international buyers delayed the purchase in case the no-deal Brexit caused a drop in the pound, which would allow them to buy at a discounted price. He said: "Before investing, you might as well see how much demand has dropped."
Cook is cautious about drawing strong conclusions from the latest monthly data, as this may be related to the "strong uncertainty" arising from British Prime Minister Theresa May's resignation at the end of May. "Although home transactions in June were much lower than the same period last year, the total transaction volume in the past year was only 2.5% lower than the year ended June 2018. ”
UK Tax Customs said the numbers are only temporary. Adjustments may be very important after receiving the final number. Neal Hudson, head of residential analysts, pointed out that UK Tax Customs (HMRC) reported that UK residential sales fell 5.8% year-on-year in May, but then adjusted the forecast to a 1.7% increase.
Hudson said: “I don’t want to completely ignore the decline, but considering the changes in the data last month… it’s not clear whether this is a data issue or a market issue. "
He warned that other market indicators have not yet supported a significant decline in trading volume. "(down) indicates that the market has quite serious problems, but I think no other data set has shown such serious problems at the moment. ”
The UK real estate market has not yet returned to its peak sales of more than 140,000 units per month in 2006.
April 2017 saw a year-on-year decline, and a year ago, sales soared before stamp duty was imposed on second homes.
Stamp duty became an issue in the Conservative Party leader’s campaign, and the winning candidate Boris Johnson Johnson proposed to cancel stamp duty for residential properties worth less than £500,000.
analysts pointed out that the regional situation in the UK's real estate market is mixed. Although demand in higher-priced areas such as London and the Southeast has dropped sharply, transaction volumes in the north and west have increased.
Source: Financial Times, BBC
Text/Editor: Zoe
(Original title: The auction price of retro Nike's "moon shoes" exceeds £350,000)
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Source: British "China Business Daily"
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