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19th-century Levi's jeans found in mine shaft sell for more than $87,000

A pair of Levi's jeans from the 1880s has sold at an auction in a small town in New Mexico for more than $87,000.

The jeans — found in an abandoned mine by a "denim archaeologist" — were bought by 23-year-old Kyle Hautner and Zip Stevenson, a veteran of the vintage denim market.

The jeans were sold for $87,400 — one of the highest prices ever paid for a pair of denims — including a 15% buyer's premium. Hautner paid 90%, while Stevenson contributed the remaining 10%.

Stevenson has run a denim repair shop in Los Angeles for nearly three decades — but he had never found a pair quite like this.

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