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Nike's influence on the global athletic footwear market is hardly debatable having been notorious for its lavish sneaker collections. In short, they aren't a discount shoe option with their pretty expensive sneaker price tags.
Nike shoes are unarguably among the most popular footwear in the world.
According to reports, the American sportswear giants own at least 27.4% of the global athletic footwear market.
And industry experts have said that their steady dominance in the market is expected to continue.
Nike is also among the biggest sportswear brands in the world.
The company ranks first among the richest sportswear brands in the world in 2023.
As one of the most popular brands in athletic footwear, Nike is not a discount footwear option.
The company boasts some of the most expensive footwear in history compared to its rivals in the competition.
Nike footwear has also been known to be a symbol of social status, much so, that their products are being reproduced illegally all across the world.
Pulse Sports Nigeria recently reported on 10 ways to know if you’re buying Fake Nikes as this could prove very important when shopping for your next Nike footwear.
In this article, we will review the Top 10 most expensive Nike shoes ever sold as per GoBankingRates.
What is the Most Expensive Nike shoe in the world?
As of 2023, the most expensive Nike shoe in the world is the Solid Gold Ovo Air Jordan.
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This incredible golden footwear was sold for a whopping N1.4 billion ($2 Million) and to date, stands tall as one of the most expensive shoes in footwear history.
But what are the Top 10 most expensive Nike shoes in the world?
The Top 10 Most Expensive Nike shoes in the world?
Below is a list of the Top 10 most expensive Nike shoes in the world, with some of these shoes costing even more than some houses in Nigeria’s most expensive neighbourhood, Banana Island.
10. Travis Scott Dunk Low PlayStation — N3.7 million
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The Nike Travis Scott Dunk Low PlayStation is one of the most expensive Nike shoes in the world.
The shoes feature a blue, black and white colour scheme on a canvas design. The shoes have reportedly once sold for an average of around N3.7 million ($5,000).
However, since the covid outbreak, buyers have been having issues reselling their pairs.
But this sneaker remains one of the world’s most expensive Nikes.
9. Nike SB Dunk High "420" — N4.1 million
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The Nike SB Dunk High 420 shoes are one of the most expensive Nike shoes in the world.
The shoes feature varying shades of purple and a fuzzy texture.
However, the original of this sneaker sells for around N4.1 million ($5,6000 per piece, putting it among the most expensive Nike sneakers in the world.
However, the shoes have also been sold for higher that amount.
And as a limited-run sneaker, Nike printed the shoe’s production number on its heel.
8. Nike Air Force One Vlone — N7 million
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If someone wanted to buy a pair of Nike Air Force One Vlone shoes, the buyer should have been ready to part with about N7 million ($9,500) – N8 million ($10,900).
The shoes feature a high-top design adorned with black, red and gold highlights and it is one of the most expensive Nike shoes ever made.
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There were rumours that only 20 pairs were ever made of the Air Force 1 High ‘VLONE’, the black tumbled leather accented by an ankle strap reading ‘Every Creature Dies Alone.’
However, the collaboration between ASAP Bari and Nike was cut short after allegations of sexual misconduct.
7. Nike Air Jordan 4 Retro Eminem “Encore” — N13.3 million
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In 2017, the Nike Air Jordan 4 Retro Eminem “Encore” became one of the most expensive pairs of Nikes ever sold.
This pair of sneakers was slapped with an incredible N13.3 million ($18,000) price tag.
The shoes feature a sleek black and blue design that was part of a limited run.
6. Air Jordan Silver Shoe — N44.4 million
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In 2012, an unnamed buyer once purchased the Air Jordan Silver Shoe at an eBay auction for a staggering N44.4 million ($60,000).
The Air Jordan Silver Shoe is one of the most unique Nike shoes ever made and one of the most expensive Nike shoes of all time.
This is because this impressive footwear is a single shoe that Nike made out of solid silver.
The shoe weighs about 10 pounds and would be even impossible to wear.
Regardless, it did not stop it from fetching a N44 million-plus price tag.
5. Nike Air Jordan 12 — N77.5 million
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In late 2013, a buyer paid N77.5 million ($104,765) for a pair of Nike Air Jordan 12s.
This pair of shoes became known as Jordan’s “Flu Game” shoes.
That’s because he wore the shoes in a 1997 NBA Finals game for the Chicago Bulls while he had flu-like symptoms.
Michael Jordan, who is regarded as the greatest basketball player of all time, autographed the famous pair of red and black shoes that went down in history as one of the most expensive Nike shoes ever sold.
4. Nike Mag — N148 million
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In 2016, a pair of Nike Mags was auctioned for a whopping N148 million ($200,000), making it one of the most expensive Nike shoes of all time.
The shoes featured a sleek high-top design with glowing blue colors on a gray and white background.
The Michael J. Fox Gala was the venue for the sale, and the venue did not disclose any buyer information.
3. Waffle Racing Flat “Moon Shoe” — N323.7 million
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In 2019, a Waffle Racing Flat “Moon Shoe” was auctioned by Sotheby’s for a staggering N323.7 million ($437,500).
That fee was the highest price a pair of shoes yielded at auction at the time, making it one of the most expensive Nike shoes of all time.
The shoes were made in 1972 and feature a black, white and off-white design.
Miles Nadel, a Canadian businessman who founded Peerage Capital, was reportedly the buyer behind the record-breaking purchase.
2. Nike Air Jordan 1s — N414.4 million
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In 2020, a Michael Jordan-autographed pair of Nike Air Jordan 1s was sold for a ridiculous N414.4 million ($560,000), easily making the footwear one of the most expensive Nike shoes in the world.
The shoes feature a red, white and black design, and Michael Jordan wore them in a Chicago Bulls game in 1985 before he autographed them.
The shoes were sold at auction at Sotheby’s, but the auction house did not disclose buyer information.
1. Nike Solid Gold Air Jordan 10 "OVO" — N1.4 billion
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Currently, the most expensive pair of sneakers in the world is the Solid Gold OVO x Air Jordan.
In 2016, Grammy Award-winning Canadian rapper and OVO record-label boss Drake, lavished a ridiculous N1.4 billion ($2 million) on a pair of Nike Solid Gold shoes - the Nike Solid Gold Ovo X Air Jordans.
Drake set the record for the most expensive Nike shoes ever sold.
The Nike Solid Gold Air Jordan 10 "OVO" is the most expensive Nike shoe in the world and the most expensive sneaker in history.
As the name of the shoes suggests, the pair is actually made of solid gold.
The famous Toronto rapper commissioned mixed-media artist Matthew Senna, most notable for his bronzed Jordan series, to create the custom-made design.
Wrapped in 24K gold, the sneakers are considered to be 1/1 and weigh “100 pounds.”
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