Nike Mag commands record auction price 

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. 

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