The sneakers are"simply an incredible artifact that dates to the nascency of Michael Jordan’s rookie season," Brahm Wahter, head of Sotheby’s Streetwear and Modern Collectibles, said in a statement ahead of the auction.
The Jordans aren’t the most expensive sneakers ever sold. In April, the company Rares bought a $1.8 million pair of Kanye West’s Nike Air Yeezy 1 sneakers in a Sotheby’s private sale, making them the most expensive known pair of shoes ever sold. Rares is one of dozens of similar companies that have sprung up in recent years, all of which offer shares in luxury goods, artworks and collectibles. Rares didn’t bid on the Jordan sneakers, a spokesperson said.
The shoes were sold as part of Sotheby’s Icons of Excellence & Haute Luxury auction in Las Vegas Sunday, which also includes jewelry, watches and collectors’ cars. Today, the Jordan brand brings Nike billions of dollars each year and hard-to-get Jordan sneakers are resold on marketplaces like StockX and GOAT, sometimes for tens of thousands of dollars a pair.In times of uncertainty you need journalism you can trust. For only, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19: SA records 449 new cases and 23 deathsSouth Africa recorded 449 new Covid-19 cases and 23 Covid-19-related deaths in the past 24 hours, the National Institute for Communicable Diseases (NICD) said in a statement.
Source: IOL - 🏆 46. / 51 Read more »
Covid-19: Cases in SA decline as country records 300 new cases and 11 deathsSouth Africa recorded 300 new Covid-19 cases and 11 Covid-19-related deaths in the past 24 hours, the National Institute for Communicable Diseases (NICD) said in a statement. Yes, but 4th wave is just around the corner! Nidlala ngathi nina! 😵💫🙄 SA has had the lowest COVID cases during level 1 lockdown & political rallies taking place, proof that opening up the country is the way to go. COVID flourished during the strict lockdown levels.
Source: IOL - 🏆 46. / 51 Read more »
Erdogan threat to expel Western envoys a political smokescreen, say criticsLatest diplomatic spat coincides with investor worries about the Turkish lira’s fall to a record low
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »