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The Basketball Star Michael Jordan's sneakers sell for the record breaking amount! See the prize!

The basketball star Michael Jordan wore a pair of red Nike Air Ships Sneakers. Which have sold for the record breaking amount at auction.

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By vaishnavi
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The Basketball Star Michael Jordan's sneakers sell for the record breaking amount! See the prize!

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The basketball star Michael Jordan wore a pair of red Nike Air Ships Sneakers. Which have sold for the record breaking $1.47 million (£1.07 million) at auction.

Michael Jordan sneakers
The shoes set a record for the highest price acheived for a pair of sneakers at auction.

A pair of Red Nike Air Ships Sneakers worn by Michael Jordan the basketball star get sold in the auction for the record breaking $1.47 million (£1.07 million)

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The footwear also became the first pair of sneakers to sell for more than $1 million at auction.

On Sunday the shoes were sold to cards collector Nick Fiorella and set to break a new world record for the highest price achieved for a pair of sneakers at auction, according to Sotheby's auction house.

"Record-breaking result for the Jordan Nike Air Ships affirms the place of Michael Jordan and the Air Jordan franchise at the pinnacle of the sneaker market," Brahm Wachter, head of Sotheby's streetwear and modern collectables, said in a statement.

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In 1984, Nike gave Jordan a signature line of shoes and clothes to convince him to sign with the sports company.

Michael Jordan agent asked his parents persuade get him on the plane. "My mother said 'you're going to go and listen. You may not like it, but you're going to go and listen. " Jordan recalled in an episode of the blockbuster 10-part documentary series, "The Last Dance."

The "Air Jordan" was born and both Jordan and Nike immediately hit the jackpot.

As Falk put it: "By the end of year four, Nike hoped to make $3 million in sales. But by the end of year one, they'd made $126 million."

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