Michael Jordan sneakers sell for an auction record Sh166m

Michael Jordan

In this file photo taken on January 24, 2020 former NBA star and owner of Charlotte Hornets team Michael Jordan looks on as he addresses a press conference ahead of the NBA basketball match between Milwaukee Bucks and Charlotte Hornets at The AccorHotels Arena in Paris. A pair of sneakers worn by NBA superstar Michael Jordan early in his career sold for nearly $1.5 million on October 24, 2021, setting a record price at auction for game-worn footwear, Sotheby's said.

Photo credit: Franck Fife | AFP

What you need to know:

  • The market for rare sports shoes is soaring. The record price for sneakers has been broken several times recently as what was seen as a niche market a decade ago now attracts interest from the general public as well as leading collectors.
  • And the market value of objects identified with the retired basketball superstar have skyrocketed since the release of "The Last Dance," an ESPN/Netflix documentary that chronicles the saga of Jordan and his Chicago Bulls.

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