PUBLISHED ONJune 14, 2017 5:50 AMBySam Laird
Maybe this is the same buyer who threw down $133,000 (S$183,700) for two NBA Finals tickets?
Either way, someone just spent a lot of money on a pair of sneakers.
Historic, collectors' item sneakers that hold a legendary place in pop-culture history - but still, sneakers.
A pair of Nike Mag self-lacing sneakers - inspired by the ones featured in Back to the Future II - just fetched $52,500 at public auction.
Nike released replicas of the Mag model in 2011, but those didn't include the signature self-lacing feature that made the sneakers from the film so well-known.
In 2016, the company released a tricked-out Nike Mag that actually incorporated the futuristic self-lacing feature.
It's a pair of that latter version that just sold for more than $52,000.
Heritage Auctions, which ran the bidding process, says the winning $52,500 offer is a world record for a collectible sneaker sold at public auction.
Last year, however, a pair of Air Mags sold for $104,000 in a private auction in Hong Kong.
But that was a private charity auction that, fittingly, raised money for the Michael J. Fox Foundation, founded by the Back to the Future star in 2000 with the aim of defeating Parkinson's disease.
Read the full article here.