A Pair of Michael Jordan’s ‘Last Dance’ Sneakers Shatters Auction Record
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A pair of Nike Air Jordan XIII sneakers signed and worn by the basketball legend Michael Jordan during the 1998 NBA finals fetched US$2.2 million at a Sotheby’s online sale that concluded on Tuesday—setting a world record for the most expensive sneakers ever sold.
Still, the sale price fell on the lower end of its presale estimate between US$2 million and US$4 million. The buyer was the sole bidder for the sneakers, according to Sotheby’s, which declined to disclose the identity of the buyer.
“Today’s record-breaking result further proves that the demand for Michael Jordan sports memorabilia continues to outperform and transcend all expectations,” Brahm Wachter, Sotheby’s head of streetwear and modern collectables, said in a news release.
The previous record was held by a pair of Nike Air Ships worn by Jordan during a regular season game, which sold for US$1.472 million at a Sotheby’s auction in Las Vegas in 2021. The most valuable game-worn sports memorabilia ever sold at auction is also a Jordan item: A red jersey he wore during the first game of 1998 NBA finals sold for US$10.1 million in September 2022, double its presale estimate of US$5 million.
Jordan’s final season with the Chicago Bulls (1997-1998) is often referred to as “The Last Dance” after the ESPN/Netflix documentary series of the same name released in 2020.
Jordan wore the pair of sneakers during the second game of the 1998 NBA finals, during which he scored 37 points to lead the Bulls to a 93-88 victory against the Utah Jazz. He would finish the season with his sixth NBA championship and sixth Finals MVP award.
Jordan, 60, is also known for his product endorsements during his professional basketball career. His partnership with shoemaker Nike is chronicled in the film Air released last week.
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Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)
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Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.
According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).
Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).
Non-oil re-exports
Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).
As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).
The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.
China Bahrain’s biggest importer
China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).
Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).
As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
