Riccardo Tisci Teases New Nike Collaboration

[SOUND] Coinage, Life, well spent, presented by GEICO. Ever wonder how much money those shoes at the bottom of your closet are worth? The average American male owns approximately 11 pairs of shoes. While the average American woman owns 17 pairs. Male shoes have a median price of $65, while women pay an average of $85 for a pair. For the shoes that are currently in both gender's closets, men paid around $715 while women paid over $1445. However, this isn't the final price. Depending on where you live you are almost guaranteed to pay sales tax. Pretending you live in Houston, Texas, sale tax there is 8.25%. The total shoe bill for men would be over $770 while women would pay more than $1500. With the average American making around $24 per hour, it's estimated that a woman would have to work almost three weeks to pay off her shoe collection. Men on the other hand would only have to work a week to pay off their average. For each new pair added to your collection, both genders would have to add on an extra six hours of work to pay for their new shoes. Granted, this doesn't take into effect a person's designer shoe addiction If you have a preference for high-end duds, it's safe to assume that you'll work longer to pay off your collection, however, you might look mighty fabulous while walking into work. [MUSIC] Coinage. Life, well spent. Presented by Geico.

Designer Riccardo Tisci may have departed his post at Givenchy this year, but from the looks of it, he’s certainly been staying very busy. This weekend on Instagram, Tisci posted a black-and-white image of himself behind the iconic Nike Swoosh, with the insignia “R.T.” and a star on the lower righthand corner, alluding to a sneaker collaboration with the brand.

“Dreams come true #NikeRT #NikeBasketball #NikeNBA #comingsoon #nyc,” the designer captioned the photo.

Beyond revealing that Tisci like a hashtag, it appeared from the post that the shoes are going to be basketball related and we had questions.

But Tisci answered at least some of them in a follow-up post featuring a cool red, white, and blue R.T. Nike logo.

“I'm honored to be part of this important moment as @Nike reclaims its partnership with the @NBA #NikeRT#NikeBasketball,” he enthused.

Nike + NBA + Riccardo? This is a big deal, guys, and we can’t wait to see what the shoes will look like!