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.To get more news
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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.
"Produced between February to April 1985, Jordan wore the present pair
of Air Jordan 1s during an early, pivotal point of his career and thus
catapulted the sneaker's popularity," Sotheby's said. "Wearing
mismatched shoes most of his career, the pair is in a size 13 (left
shoe) and a 13.5 (right shoe)."
The right shoe features Jordan's signature in permanent marker.Nike also
didn't even offer mid-top sneakers to the public then -- only highs and
lows, according to Sotheby's.
"Jordan wore Air Jordan 1s until October 29, 1985, when he broke his
foot and subsequently took off 64 games during his second season while
healing," Sotheby's said. "He wore modified versions of the Air Jordan 1
upon his return to the game."
The auction coincided with the final episode of "The Last Dance," the
ESPN docuseries about Jordan and the Chicago Bulls NBA dynasty.
The debut of the 10-part series, which aired in April, averaged 6.1
million viewers, the network said in a statement. That makes "The Last
Dance" the most-viewed ESPN documentary ever.
Sotheby's said the shoe sale "shows not only the incredible appeal of
Michael Jordan as one of the most recognizable and legendary athletes of
all time, but also that sneaker collecting is truly a global and
growing market."
According to Stockx, a website where people can buy and sell sneakers
and streetwear, between January 1 and the premiere of the series on
April 18, 217 pairs of the 2015 Air Jordan 1 'Chicago' retro trainer
were sold for an average price of $925.
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