October 26, 2021 12:12 pm

Auction Record, Air Jordan Exceeds $560,000

The memorabilia of the living NBA legend Michael Jordan remains the world’s most sought-after collector’s item. The inaugural edition of the Air Jordan shoes worn by player number 23 in his rookie season with the Chicago Bulls in 1985 was sold at a fantastic price, $560.000.

This figure also broke the sneaker sales record in Sotheby’s auction history.

According to a Reuters report, the Air Jordan 1 was designed in 1985. Like all shoes ever designed for Jordan, the red, white, and black combination shoes match the oversized Chicago Bulls colors even though they are a pair. The right one is 13.5, while the left is 13.

The shoe was previously a collection of Jordan Geller. He is the owner of the Shoezeum sneaker museum in Las Vegas, United States. Geller said that he has owned them since 2012. While in his museum, the shoes are like gem artifacts that always manage to amaze visitors.

“People came, saw, and even prayed in his presence,” Geller told Fox Business.

The first shoes that Jordan signed were finally released at a price of USD 560 thousand (Rp 8.3 billion). Far beyond the initial prediction of only USD 100 thousand (Rp 1.48 billion) to USD 150 thousand (Rp 2.23 billion). This figure immediately broke the record for sneakers auction in Sotheby’s history.

There are 10 bidders competing for the shoes. “In the online bidding war, the value of the shoe jumped to $300,000 in the last 20 minutes before the auction closed,” reads an official statement released by the New York-based auction house.

The bidders are in six countries from four continents

Sotheby’s is actually an auction house that more often offers a variety of art items. However, they started holding sneaker auctions last year.

At that time, the auction value of the highest sneaker in the world was immediately broken at a price of USD 437,500. The shoe being auctioned is a 1972 Nike running Moon Shoe edition. The record was only broken yesterday with the sale of the Air Jordan 1.

Initially, Geller admitted that he never thought about selling one of his favorite collections. However, with the release of the documentary series The Last Dance, he saw a great opportunity that world collectors would be hunting for Jordan’s memorabilia again.

The Last Dance is a 10-episode documentary series that chronicles Michael Jordan’s career with the Chicago Bulls. “I think this is the right time to let him go,” said Geller.

The auction was also held to commemorate the 35th anniversary of the Air Jordan brand.

Nike Air Jordan 1 with “Glass Glass” Sold for $615.000

One of them is the Nike Air Jordan 1 “Chicago”, the shoes Jordan had worn when he dunked to destroy the basketball hoop (backboard) in a pre-season match in Italy. The shoes were reportedly sold at auction for $615,000.

The bidding figure broke the world record paid for a pair of sneakers. In August 1985, after winning the Rookie of the Year award, Michael Jordan was invited to participate in a Nike-sponsored exhibition match in Trieste, Italy.

The player nicknamed MJ eventually scored 30 points, but the memorable moment was when Jordan smashed the basketball hoop or backboard by flying high and did one of his trademark dunks. The Nike Air Jordan 1 “Chicago” that was auctioned was the one Jordan was wearing at the time, and there is still a piece of glass stuck in the outsole of the left shoe.

In 2015, Nike paid homage to that moment by releasing the Nike Air Jordan 1 “Shattered Backboard” in black and orange. The color combination was inspired by the color scheme of the Trieste uniform and has now been released in four different variants.

Previously, in May, a pair of game-worn Nike Air Jordan 1 “Chicago” shoes sold for $560,000. The sales figure exceeded pre-auction predictions, which amounted to 150,000 US dollars or around Rp. 2.2 billion and set a record as the most expensive sneaker sold at auction. However, the record was successfully broken with the same shoe.

However, the Air Jordan 1 “Chicago” that Jordan wore in 1985 has a special story, what if it wasn’t a shard of glass lodged in the outsole of the shoe.

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