The Air Jordan 16 retro will retail for a whopping $250 upon its retail release on Nov. 5. Confirmation of its retail price comes via the below image of the box tag on the pair.

Rumors of an Air Jordan 16 retro have been around for years now, with Jordan Brand reportedly deciding against bringing the shoe back at one point because of concerns over the price. The last time this sneaker released was via the Countdown Pack in 2008.

The Air Jordan 16 retailed for $160 at its original release in 2001.

UPDATE 9/21: According to @TheDonDrew, the Jordan 16 "Midnight Navy" is now scheduled to release on Dec. 22.

Air Jordan 16 "Midnight Navy"
Release Date:
Color: White/White-Midnight Navy
Style #: 683075-106
Price: $250

Air Jordan 16 Retro Box
Image via @oregonsole Instagram