Fans open their wallets for tennis memorabilia

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Wimbledon kicked off on Monday. But this year, more money is expected to be made in the auction room with tennis-related sales than on the court. Last week, an auction of 20 tennis memorabilia from the record-breaking career of Swiss great Roger Federer raised £ 1.3million for Federer’s charitable foundation with Christie’s in London. The signed outfit and racquet that Federer used in his triumph over Spain’s Rafael Nadal in the 2007 Wimbledon final exceeded his estimate of £ 50,000 to sell for £ 187,500, as did the outfit Federer wore for his victory at Roland Garros in 2009. “Each article [reminds] me of the highlights of my career so far, ”Federer said before the sale. As it turned out, he wasn’t the only one, with buyers handing over four times the combined low estimates ahead of the sale.

The sale now runs online through July 14 along with 300 other items, including the Air Jordan 2014 Nike sneakers that Federer designed with basketball legend Michael Jordan (see below). Federer wore the sneakers, bearing Federer’s “RF” logo, at the US Open that year. “You really don’t want to lose when Michael is sitting in the stands,” he later joked, according to Christie’s magazine. “The pressure was there. The shoes are expected to sell for over £ 40,000. However, not all lots have such high estimates. A signed “RF” tournament cap from Brisbane, Australia in 2016 had a starting offer of just £ 100.

NFT: an auction of moments

Another tennis-related charity auction will be held in November to benefit the foundation created in 2014 in memory of Elena Baltacha, the late British number one, who died of cancer at the age of 30. , according to BBC News. Proceeds from the Love All auction will go towards cancer research and screening, as well as helping underprivileged children to play the sport. The Murray Play Foundation, created by Baltacha tennis coach Judy Murray, will be one of the beneficiaries, setting up tennis programs for disadvantaged communities around Dunblane, Scotland.

Murray’s son Andy, two-time Wimbledon champion, is behind the sale of what is perhaps the strangest tennis memorabilia this week – “the moment” when he won the tennis championship for the first time, in 2013, as a non-fungible token. (NFT). The buyer will not own the copyright to the video footage, “but a crypto asset that references a current video,” Elizabeth Howcroft told Reuters. The auction is being held today on Wenew, the online NFT marketplace created by Mike Winkelmann, aka Beeple, the artist who sold his digital work in March, Daily: the first 5,000 days, for $ 69.3 million with Christie’s. But that’s not all the buyer gets. The bundle also includes a pair of VIP center court tickets to next year’s Wimbledon men’s final, a chance to play tennis with Andy Murray and signed memorabilia. If that sounds too far-fetched, the auction also includes 20 NFTs from when Murray lifted his trophy to $ 4,999 each, 50 from his post-win interview for $ 499 each, 100 from his interview after losing at Wimbledon in 2012 for $ 99 each. , and 500 of a 2013 Murray Highlights video for $ 49 each. Buyers can even pay in cryptocurrency ether.

In search of the best coaches

In April, a pair of rapper Kanye West’s prototype Nike Air Yeezy 1 “Grammy Worn” sold for $ 1.8 million in a private sale with Sotheby’s. This was almost three times the previous record for the most expensive pair of sneakers, set last year when a pair of Michael Jordan’s very first Air Jordan 1 from 1985 sold for $ 560,000 at Christie’s. . Sherlina Nyame, the internet’s biggest “sneaker influencer”, is paid up to £ 10,000 per social media post by brands Nike, Puma and Adidas, according to the Times. She has already earned £ 100,000 so far this year, and if she sold her collection of 500 pairs of sneakers the 31-year-old says she could increase the bond on a four-bedroom house in London.

The Air Jordan 1 High “Black / Red” sneakers from 1984 were a sample from a Nike seller used to sell the design, worn by Michael Jordan the following year, and were auctioned this week. Given the price at which these latest pairs are selling, “it’s hard to imagine there ever was a time when a retailer should have been convinced to carry Air Jordans from Nike,” says Christie’s. The sneakers are in “slightly used condition”, suggesting they were tried on by employees and customers in the mid-1980s. Anyone who has put them on but not bought will wish. The pair was expected to sell for at least $ 22,000. Another pair of early development samples on sale was valued at $ 160,000. Meanwhile, eBay hired a team of trainer-sniffers in London for shoes selling for over £ 150. They can determine if cheap glue was used, a sure sign of a fake pair. As Grace Gausden notes on This Is Money, with the $ 6 billion sneaker market globally, counterfeits “can be problematic for collectors who view sneakers as an investment.”

Auctions

By going …

101.38-carat pear-shaped D Flawless diamond

Another sign of cryptocurrency entering the mainstream, Sotheby’s has said it will accept bitcoin or ether, not for an abstract digital work of art, but “for one of the world’s most treasured treasures. rare and largest on the planet “. The 101.38-carat pear-shaped D Flawless diamond (pictured) for sale is the second largest pear-shaped diamond to appear on the public market. It is expected to fetch more than 78 million Hong Kong dollars (£ 7.2 million) at auction on July 9 in Hong Kong, as part of Sotheby’s inaugural “Luxury Edit” series of sales in Asia. Sotheby’s, in collaboration with cryptocurrency exchange Coinbase Commerce, notes that this is the first physical object with a valuation of at least $ 10 million to be offered for auction in exchange for cryptocurrency. Although, unsurprisingly, Sotheby’s will also happily accept boring and old money.

Faded away…

A 54.03-carat brilliant-cut pear diamond, dubbed the Chrysler Diamond, fetched just over $ 5 million at Christie’s Magnificent Jewels sale in New York City last month. The diamond had belonged to socialite Thelma Chrysler, the daughter of railroad and automobile magnate Walter Chrysler. A year after his untimely death in 1957, jeweler Harry Winston purchased what was then known as the Louis XIV diamond and cut the 62-carat diamond. Although its exact provenance is unknown, it is believed to have been mined in India and may have been brought to France by the famous gem merchant Jean-Baptiste Tavernier. Today, the gemstone is the centerpiece of a pendant of 43 brilliant-cut diamonds.



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