MICHAEL JORDAN’S 1998 NBA FINALS SNEAKERS SET A NEW AUCTION RECORD OF $2.2 MILLION

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Wed 12 Apr 2023:

On Tuesday, a pair of sneakers worn by NBA icon Michael Jordan sold for $2.2 million, breaking the auction record for game-worn sports footwear, Sotheby’s announced.

In 1998, Michael Jordan laced up a pair of his iconic black and red Air Jordan 13s to bring home a Bulls victory during Game 2 of his final NBA championship — and now they are the most expensive sneakers ever to sell at auction.

The online sale cements Jordan’s position as the most valuable athlete at auctions for sportswear memorabilia.

The sale arrives during “Jordan Year” — a reference to the NBA star player’s iconic jersey number 23. In January, Air Jordan partnered with Sotheby’s to auction off 13 pairs of retro sneakers that were designed in memory of The Notorious B.I.G. All lots outsold their high estimates of $5,000 by multiples, with the highest selling for more than $32,000.

Last year, Jordan’s Game 1 jersey, also from the 1998 finals, became the most expensive item of worn sports memorabilia to sell at auction when it fetched $10.1 million at a Sotheby’s sale.
“Michael Jordan game-worn sports memorabilia has proven time and time again to be the most elite and coveted items on the market,” said Brahm Wachter, Sotheby’s head of streetwear and modern collectables, in a press release prior to the sale. “However, items from his ‘Last Dance’ season are of a greater scale and magnitude as seen with our record-breaking sale of his Game 1 jersey in 2022.”
Michael Jordan pictured wearing the record-breaking sneakers during the NBA Finals at the Delta Center in Salt Lake City, Utah, on June 05, 1998.

Michael Jordan pictured wearing the record-breaking sneakers during the NBA Finals at the Delta Center in Salt Lake City, Utah, on June 05, 1998.
Credit: Jeff Haynes/AFP/Getty Images/File
Jordan wore the sneakers for the second half of the Chicago Bulls’ 93-88 victory over Utah Jazz on June 5, 1998.

Jordan scored a game-high 37 points as his Bulls side tied the series 1-1.

The price came in just above Sotheby’s low pre-sale estimate of $2 million but well below the predicted high of $4 million.

The auction house said Jordan had autographed the shoes and given them to a ball-boy after the game.

Sotheby’s did not specify whether that recipient was the seller. Nor did it identify the buyer of the size 13 shoe.

The sneakers are known as “Bred” for their black and red color, a style Jordan wore throughout most of his trophy-laden career.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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