A pair of 2016 Nike Air Mags was sold for an insane $52,500 on Sunday, setting a record for a collectible sneaker sold by Heritage Auctions. The online auction house says this new number shattered their previous record of $32,500 by a whopping $20,000 (although still far short of the $190,000 that Michael Jordan's gold medal Converse recently sold for).
Made famous by Michael J. Fox's character Marty McFly in the '80s hit Back to the Future Part 2, the Nike Mag is one of the most sought after pairs to ever release, and has always fetched crazy prices on the resale market. According to StockX, the average resell price of the 2016 auto-lacing pairs is $28,055.
This size 11 pair of Mags that came with a card signed by the shoe's designer, Tinker Hatfield, and was sold by Heritage Auctions as a part of their The Future Is Now auction, which also featured other rare pairs like Air Jordan 8's worn by MJ himself, and highly coveted Adidas Yeezy Boost models.
"This auction was a successful first step to bring together a number of different themes and objects," said Director of Modern and Contemporary Art at Heritage Auctions, Leon Benrimon.
A pair of 2011 Mags was also auctioned off. Despite not featuring the highly-coveted power lacing of last year's release, the pair still sold sold for $8,125.
Make sure to head over to the Heritage Auctions site if you want to check out some of the other rare items that were up for grabs.