Nike is teaming up with Tiffany & Co. on a $400 shoe. Sneakerheads aren't impressed.

• Nike and Tiffany & Co have confirmed a new collaboration sneaker.
• The sneaker will reportedly release this spring at a retail price of $400.
• So far, sneakerheads are not impressed. 

It's official. A Nike and Tiffany & Co collaboration sneaker is on the way. 

Both companies took to social media over the weekend to advertise the collaboration. In separate Instagram posts, the retailers revealed the shoe box for the upcoming sneaker. Nike and Tiffany also took out a full-page ad in Sunday's print edition of The New York Times featuring the words "A Legendary Pair."