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 shoes, according to Sotheby’s.
Ten bidders from throughout the globe competed to the basketball legend’s autographed Nike Air Jordan 1 shoes prior to the internet market closed at $560,000, the auction house said in a news release.
“After a bidding war that drove the value up by US $300,000 over the last twenty minutes of this sale, the set attained more than 3.5x their 150,000 high estimate,” Sotheby’s said.
The prices spanned six countries across four continents, according to the auction house.
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The sale breaks the entire world auction record for a pair of shoes, set annually by Sotheby’s auction of the Nike”Moon Shoe” for $437,500. The waffle-soled running sneakers, one of 12 pairs ever made, were created by Nike co-founder Bill Bowerman for the 1972 Olympic Trials.
The Nike Air Jordan 1s were made solely for Jordan, also featured red laces rather than white and black.
“Produced between February to April 1985, Jordan wore the present pair of Air Jordan 1s during an early, critical point of his livelihood and consequently catapulted the sneaker’s fame,” Sotheby’s said. “Wearing mismatched shoes most of his career, the pair is at a size 13 (left shoe) and a 13.5 (right shoe).”
The ideal shoe features Jordan’s touch in permanent marker.
Nike shoe additionally did not even offer mid-top shoes to the public then — only highs and lows, according to Sotheby’s.
“Jordan wore Air Jordan 1s before October 29, 1985, when he broke his foot and subsequently took off 64 games through his second season while healing,” Sotheby’s said. “He wore modified versions of the Air Jordan 1 upon his return to the game.” That makes”The Last Dance” the most-viewed ESPN documentary ever.
Sotheby’s said that the purchase”reveals not only the incredible appeal of Michael Jordan as one of the most celebrated and recognizable athletes of all time, but also that sneaker collecting is truly a global and growing market.”
Buy! Buy! Buy! There is a bull market in Michael Jordan sneakers
Based on Stockx, a site where people can buy and sell sneakers and streetwear, between January 1 and the premiere of the series on April 18, 217 pairs of this 2015 Air Jordan 1’Chicago’ retro coach were offered for an average price of $925.