News

Michael Jordan’s sneakers sell for record $1.47m at auction

Published

4 years ago

October 25, 2021

James Kleeman

A pair of basketball shoes worn by US basketball star Michael Jordan have sold for a record price at a Las Vegas auction

Jordan wore the pair of Nike Air Ships during his rookie season with the Chicago Bulls in 1984.

The shoes were what founded the iconic partnership between Jordan and Nike – now a signature global brand.

The sale also marks the highest price ever paid for game-worn footwear of any sport, easily beating out the previous record of $615,000 paid for a pair of Nike Air Jordan’s in 2020.

#AuctionUpdate The most valuable sneakers ever offered at auction—Michael Jordan's regular season game-worn Nike Air Ships from 1984—have just sold at $1,472,000 in our luxury sale in Las Vegas. #SothebysxMGM pic.twitter.com/OlxvZ1ETML
— Sotheby's (@Sothebys) October 24, 2021

The price still falls short of the most expensive sneakers ever sold.

Recent sales are just the beginning of rare shoe market that’s beginning to soar.

In April, rapper Kanye West’s Nike Air Yeezy 1 Prototypes sold for $1.8 million at a private sale.

The record price for sneakers has been broken several times in recent years, and the market is now considered much more niche than ever before, attracting interest from leading collectors as well as the general public.

News

Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

Published

3 days ago

December 5, 2025

Harvey Vargas

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

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#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews

News

Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

Published

3 days ago

December 5, 2025

Harvey Vargas

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

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#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis

News

EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

Published

3 days ago

December 5, 2025

Harvey Vargas

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

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#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI