When the Nike Mag ,equipped with power laces,was released in 2016, the sheer fact of their limited availability of only 89 pair, and the effort entailed to obtain a pair ( making a donation to the Micheal J. Fox Foundation entered individuals into a draw). Pairs went for tens of thousands of dollars in many auctions.
The latest pair of high dollar Nike Mag auctions ended at over $52,000. Heritage Auctions, who ran the auction, stated the the winning offer of $52,500 is a world record for a collectible sneaker sold at public auction. The pair that sold for $104,000 in Hong Kong last year was done so in a private charity auction that raised funds for the Micheal J. Fox Foundation.
