Michael Jordan [1] just set a new record, and it's all thanks to a pair of Nikes. The basketball player, who has been in the news for his hit ESPN documentary series The Last Dance [2], owned a pair of sneakers from 1985 that have sold for a record price during a Sotheby's auction. The red Nike Air Jordan 1 sneakers, which were signed by Jordan in permanent marker, sold for a whopping $560,000 [3]. That's about $100,000 more than the previous record holder, which was a pair of 1972 Nike Waffle Racing Flat "Moon Shoes."

Sotheby's held the online auction with collector and consignor Jordan Geller, who is the founder of sneaker museum Shoezeum. [4] The auction took place on May 17 and coincided with the airing of the last episode of The Last Dance [5] — that's probably the reason why they sold for that much! The midlength sneakers were designed by Peter Moore and were produced and worn during in 1985. According to WWD [6], "Bidders ranged in age from 19 to over 50 from four continents, and 70 percent of the bidders were new to Sotheby's. The value reached $300,000 within the final 20 minutes of the start of the sale and eventually sold at more than 3.5 times its $150,000 estimate." Read on to see Jordan wearing the red sneakers back in 1985, and see a close-up of them signed, too.