The rare Nike “One Line” knockoff sneakers were created by co-founder Phil Knight to avoid paying the government $25 million. The classic shoes go up for auction Wednesday.
with the U.S. Government’s Customs and Treasury departments that almost put the sneaker titan out of business.The government agency used a Great Depression-era tariff called the American Selling Price of 1922 to go after Nike by sending the company a bill for $25 million.as a back payment for shoes imported from international factories years earlier that the shoe company couldn’t afford to pay.
Through the years, Knight described the ordeal with the government over the sneakers as a "life and death" battle for his burgeoning Nike brand, according to Heritage Auctions.In an excerpt from the book, Knight wrote: "We launched a new shoe, a running shoe with nylon uppers, and called it One Line," Knight writes in his book. "It was a knockoff, dirt cheap, with a simple logo...
According to Heritage Auctions, Monahan bought the sneakers because they were odd and he wanted to document the unique history of the vintage running shoe for his blog and was intrigued by the backstory.
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