Michael Jordan's shoes from the 'Last Dance' have set a new record for sneaker prices.
Sotheby's got a record $2.2 million for Michael Jordan's 1998 NBA Finals Air Jordan 13 sneakers.
Jordan memorabilia continues to be a hot item for auction houses and helps them bring in new, diverse customers.Follow your favorite stocksMichael Jordan's 1998 NBA Finals Game 2 Air Jordan 13s from 'The Last Dance' season were expected to sell for $2million to $4 million.A pair of Michael Jordan's shoes have become the most valuable sneakers ever to be sold at auction.Air Jordan 13 sneakers sold for a record $2.2 million on Tuesday.
It may be a new world record, but the shoes sold on the lower end of estimates. They had been expected to fetch between $2 million and $4 million, the auction house told"Today's record-breaking result further proves that the demand for Michael Jordan sports memorabilia continues to outperform and transcend all expectations," said Brahm Wachter, Sotheby's head of streetwear and modern collectibles.
The Bulls went on to win the 1998 NBA Finals for their sixth title of the decade in a season that has gained notoriety from the ESPN and inspired Netflix documentary "The Last Dance." has been a hot commodity for auction houses such as Sotheby's and has helped them grow their business with new, younger clients.
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