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Basketball Shoe worth $4500 | Basketball Shoe worth $4500 |
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| Written by Admin | |
| Tuesday, 01 April 2008 | |
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In January 2008 a pair of vintage 1985 Nike Air Jordan basketball shoes were sold online for $4500. These original Air Jordans were in mint condition, with tags attached, still in the box, and had never been used. Is it amazing? Not really, considering the Air Jordan shoe is just as popular today as it's ever been.
Back in 1985, people were actually robbed at gunpoint for their Air Jordans. Prior to the signature shoe's launch, Nike signed Michael Jordan to a then unheard of 2.5 million dollar endorsement deal. The shoe's bold black and red styling clashed against the NBA's then normal color scheme of team colors on white and was banned by officials. Jordan continued to wear the shoe on court and was fined $5000 per game. Nike gladly picked up that tab and has been cashing in on the shoes popularity ever since. On the streets, the shoe was the first ever to be priced at $100 and was coveted by kids everywhere. Thus the gunpoint robberies reported in some cities. If you had Jordans, you had status. There were even popular television commercials directed by and featuring director Spike Lee with the tag line: "It's Gotta Be The Shoes." The Jordan brand, with it's "Jumpman" logo of a silhouetted Jordan, has now been spun to it's own division of Nike. Some current NBA players are being signed on to the Jordan brand rather than to their own signature lines as is routine with other vendors. Jordan himself is now part-owner of the Charlotte Bobcats and Nike won't comment on the details of their current contract with the legend. With the Air Jordan line currently at the landmark version XXIII and still popular as ever with fans and followers, neither Nike nor Jordan will confirm or deny rumors that the line may end with version XXIII. As profitable as the line has been for Nike and Jordan, I wouldn't bet on it ending any time soon. This is business, after all, and who kills a thriving brand? Either way, the shoe will live on even after Nike and Jordan have cashed their checks and moved on as collectors continue to buy and sell them in the thriving resale market.
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