Current:Home > Finance1 icon, 6 shoes, $8 million: An auction of Michael Jordan’s championship sneakers sets a record -Edge Finance Strategies
1 icon, 6 shoes, $8 million: An auction of Michael Jordan’s championship sneakers sets a record
View
Date:2025-04-16 22:41:50
NEW YORK (AP) — A collection of sneakers that superstar Michael Jordan wore as he and the Chicago Bulls won six NBA championships has fetched $8 million at auction, setting a new record for game-worn sneakers, Sotheby’s said.
The six Air Jordan shoes — one apiece from the last games of the 1991, 1992, 1993, 1996, 1997 and 1998 championship series — sold Friday. Sotheby’s dubbed it the “Dynasty Collection.”
“Serving as both a reminder of Michael Jordan’s lasting impact on the world and a tangible expression of his recognized legendary status, its significance is further validated by this monumental result,” Brahm Wachter of Sotheby’s said in a statement. Wachter oversees modern collectables for the auction house.
Sotheby’s didn’t identify the buyer and described the seller only as “a private American collector” who obtained them from a longtime Bulls executive.
Jordan first gave a sneaker to the executive after the championship-winning game in 1991 and continued the tradition afterward, according to Sotheby’s. The auction lot included photos of Jordan wearing a single shoe as he celebrated the 1992, 1993, 1996 and 1998 wins.
A five-time league MVP and two-time Olympic gold medalist, Jordan was so singular a player that then-NBA Commissioner David Stern in 1992 called him “the standard by which basketball excellence is measured.” The NBA renamed its MVP trophy for Jordan in 2022.
He also helped shake up the athletic shoe industry and supercharge sneaker culture by teaming up with Nike to create Air Jordans in the mid-1980s.
The pair he wore in the second game of the 1998 NBA Finals was sold through Sotheby’s last April for $2.2 million, a record for a pair of sneakers. The highest auction price for any Jordan memorabilia was $10.1 million for his jersey from the first game at that series, according to Sotheby’s, which sold it 2022.
Simply an unused ticket to Jordan’s 1984 debut with the Bulls was sold through Heritage Auctions in 2022 for $468,000 — over 55,000 times the face value.
veryGood! (5453)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Motorcyclist gets 1 to 4 years in October attack on woman’s car near Philadelphia’s City Hall
- Looking to avoid toxic 'forever' chemicals? Here's your best chance of doing so.
- Martha’s Vineyard is about to run out of pot. That’s led to a lawsuit and a scramble by regulators
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Colombia demolishes USMNT in Copa América tune-up. It's 'a wake-up call.'
- Hunter Biden’s family weathers a public and expansive airing in federal court of his drug addiction
- 10 injured in shooting at Wisconsin rooftop party
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Georgia Republican convicted in Jan. 6 riot walks out during televised congressional primary debate
Ranking
- North Carolina justices rule for restaurants in COVID
- Protect Your Hair & Scalp From the Sun With These Under $50 Dermatologist Recommended Finds
- 'A dignity that all Americans should have': The fight to save historically Black cemeteries
- Ryan Garcia speaks out after being hospitalized following arrest at Beverly HIlls hotel
- A White House order claims to end 'censorship.' What does that mean?
- Where the Water Doesn’t Flow: Thousands Across Alabama Live Without Access to Public Water
- Living and Dying in the Shadow of Chemical Plants
- Iga Swiatek routs Jasmine Paolini to win third straight French Open title
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Celebrities need besties too: A look at famous duos on National Best Friends Day 2024
Watch: Bryce Harper's soccer-style celebration after monster home run in MLB London Series
Shark attacks in Florida, Hawaii lead to closed beaches, hospitalizations: What to know
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
16 Marvel Father’s Day Gifts for the Superhero Dad in Your Life
Bark Air, an airline for dogs, faces lawsuit after its maiden voyage
Rainbow flags rule the day as thousands turn out for LA Pride Parade