Michael Jordan’s rookie sneakers are going up for auction. How much are you willing to pay?
They are estimated to sell for $1 million to $1.5 million.Courtesy: Sotheby's
A piece of rare sneaker history is hitting the marketplace, and it's expected to be the most valuable sneakers ever offered at auction. On Friday, Sotheby's will open advanced bidding to auction off Michael Jordan's first pair of sneakers worn as a pro, the red and whiteSotheby's estimated the sneakers will sell for $1 million to $1.5 million, marking the highest estimate for a pair of sneakers ever sold at auction.
"Michael Jordan's items are perhaps the most coveted. We put up a lot of other valuable memorabilia items, but I would say on a kind of ongoing and continuous basis Michael Jordan's market is really strong," Brahm Wachter, head of Sotheby's streetwear and modern collectables, told CNBC in an interview this week.
The current record for a pair of sneakers sold at auction is $615,000, which was by Christies in August 2020 for a pair of
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