Michael Jordan's shoes sell for record-breaking price | Eurasia Diary - ednews.net

20 October, Tuesday


Michael Jordan's shoes sell for record-breaking price

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A pair of Michael Jordan's game-worn shoes from 1985 sold for more than three times the estimated auction price on Sunday, breaking the world auction record for sneakers, according to Sotheby's, EDNews.net reports citing CNN.

Ten bidders from across the globe competed for the basketball legend's autographed Nike Air Jordan 1 shoes before the online auction closed at $560,000, the auction house said in a news release.

"Following a bidding war which drove the value up by US $300,000 within the final twenty minutes of the sale, the pair achieved more than 3.5x their $150,000 high estimate," Sotheby's said.

The bidders spanned six countries across four continents, according to the auction house.

The sale breaks the world auction record for a pair of sneakers, set last year by Sotheby's auction of the Nike "Moon Shoe" for $437,500.

The waffle-soled running shoes, one of 12 pairs ever made, were designed by Nike co-founder Bill Bowerman for the 1972 Olympic Trials.

The Nike Air Jordan 1s were made exclusively for Jordan, and featured red laces instead of black and white.

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