Michael Jordan sneakers will skyrocket in value to $200k - the details to check if you have cash in
WHEN it comes to sneakers, collectors know which ones sit at the top of tree.
NBA legend Michael Jordan has ruled the roost ever since his Air Jordan kicks came out in the early 80's and continues to do so.
But with sports memorabilia prices going through the roof right now, record purchases have become as common as MJ slam-dunks.
Six championship pairs will be privately sold by Sotheby's in the next few weeks where they are expected to bring in millions.
The shoes, referred to as the “Dynasty Collection,” were worn by Jordan in the 1990s and have been labelled the "Mona Lisa of sneaker collecting" by a spokesman for the auction house whose involvement in the sports memorabilia market has seen values sky-rocket.
The very first trainers Jordan wore, the Air Jordan I, fetched a then-world record $552,000 at a 2020 auction at Sotheby's.
They were game-worn from his 1985 rookie season.
The original Air Jordan 1s were such a hit, Nike continued to make new ones each season, a tradition which continued
beyond the retirement of the Chicago Bulls legends - no 36 are the latest incarnation.
But what if you've got a cherished pair in your closet? How much are they worth?
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Well, according to sports memorabilia expert Aaron Rothschild, you could be sitting on a small fortune, especially with a new film starring Hollywood stars Ben Affleck and Matt Damon about Nike's pursuit of Jordan is due out next month.
Interest is certain to spike once again - and Rothschild has told The U.S. Sun that could be great news for those of you with a precious pair of sneakers laying around.
Obviously the condition is key, as is which model they are. The older, the better.
"The new thing might be that we're transcending memorabilia and moving into fine art," said the Florida based expert who is eyeing a cool $4.5 million for some Jordan jerseys he's attempting to sell alongside the player sample Air Jordan 1 sneakers from the debut 1985 campaign.
"It's really interesting, with a certain class of items only. And those include things like Michael Jordan game worn sneakers.
"I have one pair of the Michael Jordan player sample, one of dozens of pairs of the exact sneakers which the new movie is about.
“This is the type of item that Sotheby's are selling, and now they are making a movie about it. This pair of sneakers is a cultural phenomenon.
"The owner wants me to sell them privately. I think after the movie comes out, the sneakers are probably going to be worth in excess of $200,000. Very similar pair, not quite as good condition sold recently for $170,000."
In October 2021, Sotheby’s sold the earliest pair of Nike kicks Jordan wore in 1984 for $1.47 million and only last year one of his jerseys went for an astonishing $10.1 million.
Apparel belonging to NBA titans Jordan, the late Kobe Bryant and LeBron James remain the hottest properties in town.
But what about the new generation? Who are the next superstars to start bringing in millions for sneakers and shirts?
Tom Brady will surely enter the conversation now his retirement for a second time has been confirmed although experts are skeptical when it comes to picking the next players to really strike it hot.
"It's headed to this new stratosphere," confirmed Rothschild, a 30 year industry veteran who owns Dutch Auctions.
"If you were looking from a collective standpoint, you are entering a the new stratosphere where items are worth millions and millions.
"But it's generational, we don't know who's going be the most popular player moving forward. Jordan's market is established.
"Who is going to follow? Steph Curry? He has all the same accomplishments as LeBron but nobody's sold one of his jerseys for millions of dollars.”
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