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The Most Notoriously Expensive Sneakers Ever Sold

We pity the politician whose kid gets spotted in one of these shoes.
by Miguel Escobar | Feb 16, 2016
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A particularly potent display of election season savagery made its way through the Internet last weekend when Brian Poe-Llamanzares, son of presidentiable Senator Grace Poe, was called out for wearing ostentatious sneakers—a pair of Nike MAGs which was made popular by Back To The Future II, to be specific. And while the political scion's pair was outed as fakes by none other than Mr. Sole Slam (Antonio Aguirre Jr.) himself, the story has a lot of people thinking: Just how expensive can a single pair of sneakers get?

Well, you'd be surprised. Some sneakers are just so highly collectible and so widely coveted that their price tags naturally skyrocket. In fact, the economics of the sneaker game has gotten so complex and unpredictable that there is now a site that monitors average sneaker resale values, a la stock market. It just goes to show that with a good enough backstory, a pair can fetch commanding SRPs.

Here are eight instances of sneaker prices being taken to absurd heights.


1) Nike MAG

Price: $37,500 or around P1,777,500

The legendary Back to The Future II shoes made their return in 2011, when Nike auctioned off 1,500 pairs for the Michael J. Fox Foundation for Parkinson's Research. All in all, the shoes managed to raise $4.7 million (around P223 million), to which British rapper Tinie Tempah contributed $37,500 (around P1.8 million). These days, the MAG's prevailing market value in the States is around $10,000—which is still a pretty steep P470,400. Nike has confirmed another MAG auction set for this year, this time featuring the power-lacing pairs from 2015.


2) Air Jordan 4 "UNDFTD"

Price: $15,000 or around P711,000

This collaboration with LA sneaker boutique Undefeated certainly has its place in Air Jordan lore as one of the rarest, most coveted, and most expensive. A limited run of 72 pairs plus an incredible military colorway have these shoes priced upwards of $10,000. Los Angeles- and New York-based shop Flight Club revealed that they sold a pair of UNDFTD 4s for $15,000 (around P712,500), while LA sneaker boutique prices them at $25,000 (around P1.19 million).

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3) Air Jordan 4 "Eminem Encore"

Price: $37,500 or around P1,777,500

Long before Yeezy season even began its approach, Marshall Mathers ruled the sneaker collaboration realm. In 2006, Jordan Brand released 50 pairs of these blue 4s to commemorate Eminem's fifth studio album, Encore. Prices have varied greatly since, but in 2014, Flight Club put a size 10 up for $37,500 (around P1.8 million). It didn't take very long for the pair to go out of stock. If that's hard to believe, it might help to know that a pair of size 10s was also sold on eBay for a cool $14,500 (around P700,000)—in 20 seconds.

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4) Air Jordan 4 "Eminem Carhartt"

Price: $30,100 or around P1,427,000

Slim Shady's most recent Air Jordan collaboration also managed to bring in some serious cash, but this time, for a cause. A total of 10 pairs of Jordan 4 featuring a black and gray colorway were auctioned off on eBay last November 2015. The highest winning bid was for a size 9, which went for $30,100. The auction rang in a total of $227,552 (around P10.8 million), which went to the Literacy Through Songwriting Program by the Michigan State University.


5) Nike Air Foamposite 1 "Galaxy"

Price: A second-hand 1996 Chevrolet Cavalier

This colorway of the Air Foamposite 1 was mired in quite a bit of controversy immediately after its release. Because of these trippy Foams, a riot broke out in a Florida mall and two teenagers sued eBay after the site took down a pair that they had priced at a ridiculous $96,750 (around P4.6 million). While the prevailing market value of the Galaxy Foams at the time was really well under $10,000, the hype was strong enough for a man to want to give up his car for a pair of shoes.

It's certainly less expensive compared to the other sneakers on this list, but the idea of trading your car in for footwear is a noteworthy level of preposterous. These days, Galaxy Foams are floating around the market for "only" $1,000 to $2,000 (around P47,000 to P94,000)—which really isn't cheap at all.

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6) Nike Air Yeezy 2 "Red October"

Price: $15,000 or around P711,000

The infamous Red Octobers are perhaps among the more well-known absurdities in the sneaker world. When Nike dropped them out of nowhere, against speculation that Kanye's move to adidas would mean a release cancellation, sneakerheads went crazy. Before the hype died down, the upper end of prices for actual units sold was in the range of $10,000 to $15,000. Now, you can score a size 10 from Flight Club for a cute $6,250 (around P300,000).


7) Nike SB Dunk Low "eBay"

Price: $30,000 or around P1,422,000

eBay giveth and eBay taketh away. Nike SB Dunks are par for the course when you talk about expensive shoes, but one pair still stands out: the eBay Dunks. These Dunk Lows, done up in the colors of eBay, were auctioned off for the Tim Brauch Foundation, a scholarship charity for skater youths. After they were sold for $30,000, the sample pair that was shown at the auction was chopped up into pieces to ensure that the recipient would truly have a one-of-one.


8) Air Jordan 12 "Flu Game"

Price: $104,765 or around P5,000,000

Any self-respecting Michael Jordan fan knows about the Flu Game, or Game 5 of the 1997 NBA Finals, in which His Airness played 44 minutes and scored 38 points while allegedly dealing with a severe case of the flu. After that game, Jordan signed the pair he wore throughout all four quarters, and blessed a young ball boy named Preston Truman with what would become one of the most valuable relics in Air Jordan history.

Truman put them up for auction for $5,000 (around P240,000) and, after 15 bids, eventually sold them for $104,765 in 2013. To put that into perspective, that's almost P5 million, which could almost buy you two Ford Mustangs. It just goes to show that the most expensive sneakers are still Jordans—OG, game-worn, and signed.

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Images via Sneakernews.com, Sneakerfiles,com, Littlegiantsteps.com, Hypebeast.com, Sneakerbardetroit.com,
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