News

Six unpaired Michael Jordan sneakers sell for $8 million

By AFP

February 3, 2024 10:33 AM


File photo

Twitter Share Facebook Share WhatsApp Share

Six single Nike Air Jordans, worn by the eponymous basketball star in the 1990s, sold Friday for a record $8 million, according to auction house Sotheby's.

Michael Jordan gave the separate shoes to Chicago Bulls communications executive Tim Hallam, after decisive games that helped the club win six NBA championships from 1991 to 1993 and 1996 to 1998.

The purchase price achieved at auction at Sotheby's in New York is a record for such an unusual offering -- and the second highest ever for Michael Jordan collectibles.

The prices reached for the "Dynasty Collection" "will likely never be replicated", Sotheby's boasted in a statement that did not disclose the buyer's identity.

"Today's record-breaking price is a testament to the GOAT," said Brahm Wachter, Sotheby's Head of Modern Collectibles, using a popular acronym for "greatest of all time."

Last April the company, owned by French-Israeli tycoon Patrick Drahi, auctioned a pair of sneakers worn by Jordan in his last championship final with the Chicago Bulls in 1998 for $2.2 million.

That was a record for the shoes, "Bred" ("Black and Red") Air Jordan XIII, which were signed by the player.

He wore them in Salt Lake City for the NBA Finals against the Utah Jazz, documented in the Netflix and ESPN documentary "The Last Dance."

The six shoes sold on Friday were an Air Jordan VI (1991), VII (1992), VIII (1993), XI (1996), XII (1997) and an Air Jordan XIV (1998).

Demand from collectors since 2020-2021 has driven up the prices commanded by such items at auction.

The record for the most expensive jersey in auction history is Michael Jordan's 1998 final shirt, which went for $10.1 million in September 2022.

It leads Argentine legend Diego Maradona's World Cup quarter-final shirt from his side's storied clash against England in 1986, which handily brought in $9.3 million in May 2022.


AFP


Most Read

  1. Solar panel rate sinks massively in Lahore Solar panel rate sinks massively in Lahore
  2. Hina Rizvi ties the knot with Ammar Ahmed Khan Hina Rizvi ties the knot with Ammar Ahmed Khan
  3. Police claim girl seen in sub-inspector’s video was his second wife Police claim girl seen in sub-inspector’s video was his second wife
  4. Foreigners safe after suicide-bomber targets their van in Karachi Foreigners safe after suicide-bomber targets their van in Karachi
  5. LHC orders steel mill demolition over pollution LHC orders steel mill demolition over pollution
  6. Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath

Opinion

  1. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  2. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  3. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  4. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  5. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  6. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer