Nike Mag is a shoe unlike any other. It’s a sneaker with a long and storied history, and it’s worth more than just the price tag. Released first in 1989, it’s become a status symbol for sneaker collectors, and a rare and sought after item for anyone passionate about fashion. In this article, we’ll explore just how much the Nike Mag is worth and why it has become such a sought after item.
The Nike Mag was originally released in 2016 and was auctioned off with all proceeds going to the Michael J. Fox Foundation to help find a cure for Parkinson’s Disease. The shoes were auctioned off for a minimum of $10,000 USD, and some pairs sold for more than $50,000 USD.
How Much is Nike Mag?
Nike Mag is one of the most iconic sneakers of all time thanks to its appearance in the movie “Back to the Future”. Since being released in 2016, the Nike Mag has become a highly sought-after collector’s item, with some versions selling for as much as $30,000. Here is a breakdown of the different versions of the Nike Mag, and how much each one is worth.
Original Nike Mag
The original Nike Mag was released in 2016 as a limited edition of just 89 pairs. Each pair was auctioned off with all proceeds going to benefit the Michael J. Fox Foundation for Parkinson’s Research. The shoes were extremely popular, and the auction raised over $6.75 million for the foundation. The shoes were so popular that Nike decided to rerelease the Nike Mag in 2020.
2020 Nike Mag
The 2020 Nike Mag was released in October of 2020 and is widely considered to be the most valuable version of the shoe. This version of the shoe was released in a limited edition of just 1,500 pairs and includes a number of features that make it unique, including a power lacing system, LED lights in the sole, and a special box. The shoes were released in a raffle, with all proceeds going to the Michael J. Fox Foundation. The retail price of the 2020 Nike Mag was $500, but they have been selling for as much as $30,000 on the secondary market.
Future Release Nike Mag
Nike has announced that they will be releasing a special edition of the Nike Mag in 2021. This version of the shoe will also feature a power lacing system and LED lights in the sole. It is expected that this version of the shoe will be even more limited than the 2020 version, but the exact details of the release have not yet been announced. The 2021 Nike Mag will likely command a premium on the secondary market, with some pairs potentially selling for upwards of $50,000.
Few Frequently Asked Questions
What is the Nike Mag?
The Nike Mag is a self-lacing shoe created by Nike in 2016, inspired by the original Nike Mag from the 1989 movie Back to the Future Part II. The shoes are powered by a rechargeable battery, and feature a motorized system to tighten the laces. The shoes also feature an LED light panel on the back of each shoe.
Where was the Nike Mag available?
The Nike Mag was available for purchase exclusively through the Nike+ app and Nike.com. The shoes were limited to only 89 pairs, and were sold through a series of auctions.
How much did the Nike Mag cost?
The Nike Mag was sold through a series of auctions, and the final auction price was $104,016. All proceeds from the sale of the shoes went to the Michael J. Fox Foundation to help fund Parkinson’s Disease research.
What materials were used to make the Nike Mag?
The Nike Mag was constructed using a combination of lightweight materials, including Nike Flyknit, mesh, and foam. The shoes also feature a self-lacing system with a motor and battery, and an LED panel on the back of each shoe.
What special features are included with the Nike Mag?
The Nike Mag features a motorized self-lacing system, powered by a rechargeable battery. The shoes also feature an LED panel on the back of each shoe with several different light modes. The shoes also come with a special carrying case, and a limited-edition poster.
What charitable cause did the Nike Mag benefit?
All proceeds from the sale of the 89 pairs of the Nike Mag went to the Michael J. Fox Foundation to help fund Parkinson’s Disease research. The Foundation was created by actor Michael J. Fox to help fund research into the causes, treatments, and potential cures for Parkinson’s Disease.
In conclusion, the Nike Mag is a highly sought-after sneaker and its price can fluctuate depending on its rarity and condition. It’s a unique piece of footwear that is sure to be appreciated by sneaker collectors and Nike fans alike. With its limited availability and high price tag, it’s an investment for the most dedicated of sneakerheads.
