Most people are willing to pay up for a good pair of jeans, but for some denim-obsessed collectors, the commitment to a rare vintage pant goes a step further.
That was the case for 23-year-old Kyle Haupert and Zip Stevenson, long-time players in the vintage market, who recently purchased a pair of 19th-century Levi’s jeans found in an abandoned mine shaft by a “denim archeologist,” The Wall Street Journal reported. The price? $87,400.
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It’s one of the highest prices ever paid for a pair of jeans — and included a 15% buyer’s premium. Haupert paid 90%; Stevenson, who has run the Los Angeles shop Denim Doctors since 1994, supplied the remaining 10%.
Read more: Entrepreneur
