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On Wednesday, an original Nike Waffle Trainer prototype was auctioned off for $1,500. It’s far from deadstock condition, but given the forty year history they carry, the price tag makes sense. The shoe pictured above was found along with the waffle maker that Nike co-founder, Bill Bowerman, used to create better gripping for the soles of shoes that athletes used for running. The Nike Waffle trainers were a game changer back in the 70s, and has evolved into a modern day staple. Get a quick crash course in Nike History 101, with guest professor, Jordan Gellar (winner of the auction and owner of ShoeZeum, in Las Vegas), plus more pics below!

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Pictures via ShoeZeum