Michael Jordan’s sneakers sell for a record $ 1.47 million

0


Written by Amy Woodyatt, CNN

A pair of Nike Air Ships sneakers worn by Michael Jordan sold for a record $ 1.47 million (£ 1.07 million) at auction.

The basketball star wore the red and white sneakers in his fifth NBA game of his rookie season with the Chicago Bulls on November 1, 1984.

The shoes were sold to card collector Nick Fiorella on Sunday and set a new world record for the highest price reached for a pair of sneakers at auction, according to auction house Sotheby’s. The shoes also became the first pair of sneakers to sell for over $ 1 million at auction.

The shoes set a record for the highest price ever reached for a pair of sneakers at auction. Credit: Courtesy of Sotheby’s

Kanye West’s Nike Air Yeezy samples sold for $ 1.8 million in a private sale in April, making them the most expensive sneakers in the world.

Brahm Wachter, head of streetwear and modern collectibles at Sotheby’s, said in a statement that the “record result for Jordan Nike Air Ships affirms the place of Michael Jordan and the Air Jordan franchise at the top of the sneaker market” .

In 1984, Nike gifted Jordan a line of signature shoes and clothing to convince him to sign with the sports company.

It was the first time the brand – then a fledgling startup in Portland, Oregon – had done something like this, and it paved the way for a lot of player collaborations we see now.

Michael Jordan playing for the Chicago Bulls during the 1984 NBA game in Denver, Colorado.

Michael Jordan playing for the Chicago Bulls during the 1984 NBA game in Denver, Colorado. Credit: John Betancourt / NBAE / Getty Images

Jordan’s agent David Falk asked his parents to persuade him to get on the plane. “My mom said ‘you’re going to go listen. You might not like it, but you’re going to go listen,'” Jordan recalls in an episode of the hit 10-part documentary series, “The Last Dance. “

The rest is history. As a rookie, Jordan signed a five-year sneaker contract with Nike in 1984, with an annual salary of $ 500,000.

The “Air Jordan” was born and Jordan and Nike immediately hit the jackpot.

As Falk put it, “By the end of year four, Nike was hoping to make $ 3 million in sales. But by the end of the first year, they had made $ 126 million.


Share.

Leave A Reply