Kanye West's Nike Red October Sneakers Are Going For More Than $16 MILLION On Ebay

02/10/2014 06:08 pm ET | Updated Feb 11, 2014
Nike

When Nike unexpectedly dropped Kanye West's new Air Yeezy 2 sneakers on the world Sunday night, it didn't take long for the now sold-out shoes to appear on eBay and other sites for positively bonkers amounts of cash.

A more "reasonable" stateside auction showed the shoes commanding $15,000 -- and dozens of eager bidders.

The shoes reportedly sold out just 10 minutes after becoming available.

Pitchfork offered an explanation as to why the shoes are fetching such outlandish prices noting that the Air Yeezy 2 is possibly the rapper's last collaboration with Nike after he cut ties with the brand during a Hot 97 radio interview in 2013.

Yeezy hasn't addressed the frenzy his new sneakers has triggered, instead spending Monday to reflect on the 10-year anniversary of his insta-classic LP, "The College Dropout." In a series of tweets:

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