Kanye West's Red October sneakers on sale for Ksh1.4b

A pair of sneakers designed by Kanye West is being sold for Ksh1.4b (£10 million).

The staggering sum is being offered on Ebay for the Air Yeezy II Red October shoes the 'Bound 2' rapper designed in conjunction with Nike, and the seller claims all profits will go to charity.

The rare shoes are the last instalment in the limited-edition footwear range designed by West - following the success of his two previous lines in 2009 and 2012 - after he famously fell out with the sportswear brand last year over their refusal to grant him royalties.

The all-red hi-top design - which features red laces and a buckle across the front - was already set to go on sale and, just like his previous designs, it reportedly sold out within 11 minutes of being on sale at Nike.com on Sunday.

Pairs of the covered shoes soon began appearing on Ebay, with one listing rocketing to Ksh1.4billion (£10 million), over 45,000 times more than its original retail price of Ksh31,000 (£220).

The item garnered attention from over 84 people who bid on the product in little over a 10 hour period after a user named b_toogood put the item on sale for Ksh 28,200 (£200).

With six days to go before the listing ends, the price could rise even further.