Any awesome piece of memorabilia related to Chicago Bulls legend Michael Jordan will most likely earn a good payday in the market. However, the six-time NBA champion‘s historic pair of Nike Air Jordans didn’t as it it sold for a loss during a recent auction.

The Air Jordan brand is a line of basketball shoes produced by Nike, Inc. that has become an iconic symbol in sports and popular culture. It was first introduced in 1984 for Jordan during his rookie season.

Back in 2022, Jordan’s game-worn Air Jordan 1s from the infamous “Broken Foot Game” in 1985 fetched $422,130 at auction. The sneakers, obtained by the auction house Lelands from a consignor whose father was personally gifted the shoes by Jordan, held significant historical value.

In 1985, Jordan and the Bulls went up against the Golden State Warriors. During this match, the Chicago legend suffered a fractured bone in his left foot, sidelining him for six months and derailing his sophomore season. The shoes, featuring Jordan’s mismatched size 13 (left) and 13 1/2 (right), are stamped with the production code “850102-TYPS,” sparking speculation that they may have been worn during his rookie campaign as well.

The sale of these iconic sneakers, which were later modified with a support strap to accommodate Jordan’s injury, underscores the enduring appeal and collectability of game-worn memorabilia from the legendary player. The Air Jordan brand’s defiance of NBA regulations and its cultural impact have contributed to the continued demand for these coveted pieces of sports history.

Michael Jordan’s Historic Pair of Nike Sneakers Sells for Over $160,000 at Auction at a Loss

As mentioned earlier, this particular pair of Jordans fetched more than $422,000 in auction over two years ago. Now, the same pair has been auctioned again, as detailed by Darren Rovell in a tweet on X.

““Broken Foot” Jordans sell for $168,850 at @Lelandsdotcom tonight, a 60% drop from their Jan 2022 sale ($422K),” Rovell tweeted.

As it stands, the price obtained from the pair represents a sharp drop since it was first sold in 2022. This just goes to show that price they sold for back then was already the ceiling when it comes to value.

It remains to be seen whether those sneakers can jump up in price again in the future. In any case, it won’t be soon before they’ll be sold again in the market.