Query of the Day [Black History Month]: How a lot did Michael Jordan’s Nike Air Sneaker from his rookie season promote for at public sale?

Date:


Reply: $1.47 Million 

Questions:

  • How have Michael Jordan’s success and achievements impacted the worth of his sneakers?
  • Outdoors of basketball, how else has Michael Jordan been extraordinarily profitable?
  • Have you ever ever purchased or bought a product within the resale market? Why?
  • Why are sure manufacturers/merchandise so fascinating within the resale market?

Click on right here for the ready-to-go slides for this Query of the Day that you should utilize in your classroom.

 

Behind the numbers (NPR):

“The pair of Nike Air Ships that Michael Jordan wore throughout his first season with the Chicago Bulls bought for almost $1.5 million at an public sale.

The footwear had been estimated to promote between $1 million to 1.5 million earlier than the public sale. The footwear had been bought to collector Nick Fiorella for $1.47 million.

The Nike Air Ship footwear had been what Jordan performed in earlier than Nike gave him his personal line of clothes and footwear, which might later change into a family model identify and make Jordan a billionaire. It was the primary time Nike ever collaborated with a participant in such a means.”

 

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For extra on the sneaker trade, try the FinCap Friday: Robust Shoe Recreation!

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Concerning the Creator

Mason Butts

After graduating from UCLA with a Grasp’s in Schooling, Mason spent 5 years as a science educator in a South Los Angeles public highschool. He’s dedicated to supporting the holistic progress of all college students and empowering them to reside a lifetime of relational, tutorial, and monetary success. Now settled within the Bay Space, Mason enjoys facilitating skilled developments and partnering with educators as they put together college students for a vivid monetary future. When Mason just isn’t constructing curriculum or planning a coaching, he might be discovered biking, attempting new meals, and exploring the outside.



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