Michael Jordan's 'Air Jordan' championship sneakers could each rake in $1 millio...
source link: https://finance.yahoo.com/video/michael-jordans-air-jordan-championship-110016818.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Michael Jordan's 'Air Jordan' championship sneakers could each rake in $1 million in Sotheby's private sale
Michael Jordan's championship game-worn shoes are now on public display ahead of a private sale as Sotheby's expands its white-glove treatment to a younger, growing streetwear and modern collectibles segment. The "Dynasty Collection" includes six individual sneakers, originally designed and released by Nike (NKE), that Michael Jordan wore during each of his NBA Finals championship-clinching games for the Chicago Bulls during the 1990s. The exhibition runs through June 7 — coinciding with the 2023 NBA Finals best of 7 series. The coveted memorabilia doesn't have a price tag or seller detail publicly available yet, but estimates suggest just one of the shoes could fetch offers north of $1 million, based on sales of comparable sports collectibles.
-
Michael Jordan's 'Air Jordan' championship sneakers could each rake in $1 million in Sotheby's private sale
-
Jobs report: Economy, inflation, writers' strike in focus
-
Apple's WWDC, GameStop earnings, econ. data: What to watch next week
-
Writers' strike ripple effects starting to be felt
-
Debt ceiling deal a win for Biden, but he may struggle to capitalize on it: Bidenomics
-
Lululemon, SentinelOne, AI stocks: Trending tickers
-
Luxury stocks fall as concerns grow about consumer spending
-
EVs: VW's new ID. Buzz, China extending tax incentives
-
Apple reportedly set to square off with Meta in VR headset battle: what will take for Apple to succeed?
-
How one company is using AI to help people with their job searches
-
Amazon reportedly in talks to offer mobile service for Prime members
-
May jobs report shows strong demand for construction workers
-
Fed's June meeting: What the May jobs report could mean for the next rate decision
Michael Jordan's championship game-worn shoes are now on public display ahead of a private sale as Sotheby's expands its white-glove treatment to a younger, growing streetwear and modern collectibles segment.
The "Dynasty Collection" includes six individual sneakers, originally designed and released by Nike (NKE), that Michael Jordan wore during each of his NBA Finals championship-clinching games for the Chicago Bulls during the 1990s. The exhibition runs through June 7 — coinciding with the 2023 NBA Finals best of 7 series.
The coveted memorabilia doesn't have a price tag or seller detail publicly available yet, but estimates suggest just one of the shoes could fetch offers north of $1 million, based on sales of comparable sports collectibles.
Video Transcript
- Sotheby's is known for generating eye-popping sales across a range of ultra rare art, luxury goods, and property. The streetwear and modern collectibles arm of the business is now the platform for the sale of what it's dubbed "The Dynasty Collection" which consists of one Air Jordan shoe from each of Michael Jordan's six championship-clinching NBA Finals games.
Yahoo Finance had the opportunity to go hands on-- with white gloves, of course-- to discuss the shoes once worn by "His Airness."
What's going on, everyone. Yahoo Finance here with Brahm Wachter who is Sotheby's head of streetwear and modern collectibles. Talk to us about your segment within Sotheby's. What type of growth have you seen?
BRAHM WACHTER: Well, Sotheby's luxury as an overall did over $2.3 billion in sale last year. Streetwear and modern collectibles did about 50 million. An in our offerings, about 90% of the lots were sold.
- Who are the buyers that you hear from and the interest that you hear from as well?
BRAHM WACHTER: Our buyers typically are younger, so they typically range 20 to 40. They're sort of titans of industry, so usually successful in finance, successful in real estate, advertising, marketing. They have either a passion for sports memorabilia, collectibles, or they just have a passion for-- for deadstock sneakers.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK