Michael Jordan's Air Jordan 1's sell for $560,000, setting a new sneaker record

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Michael Jordan's Air Jordan 1's sell for $560,000, setting a new sneaker record
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The final hammer price beat the previous record holder, a pair of 1972 Nike Waffle Racing 'Flat Moon Shoes' that went for $437,500 in 2019.

Sotheby's recently sold a pair of Nike Air Jordan 1's for $560,000 to become the most expensive sneakers ever sold.The final hammer price was three times its estimate and beat the previous record holder, a pair of 1972 Nike Waffle Racing "Flat Moon Shoes" that went for $437,500 in 2019.

The sneakers, which were worn in a game by Jordan and autographed, sold for more than three times their original estimate, after a frenzy of bidding that saw the value go up by $300,000 in the final 20 minutes. The final hammer price beat the previous record holder, a pair of 1972 Nike Waffle Racing "Flat Moon Shoes" that went for $437,500 in 2019.

Michael Jordon's game-worn autographed Nike Air Jordan 1S from 1985 sneakers sell for $560,000 at a Sotheby's auction."This 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," said Brahm Wachter, Sotheby's director of e-commerce development.

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