A pair of Michael Jordan's Nikes just sold for more than $92,000, setting a record that solidifies sneakers as an asset class
Investors can book profits by selling shares — no different than selling a share of Nike on the New York Stock Exchange — or hope a collector buys up all outstanding shares for a premium, no different than when Elon Musk bought Twitter.
"Our mission is turning aspirations into equity," he told Insider."We wanted to give everybody equal access to this new world of investing." The first offer for the"Concords" last week was $65,000. Similar to a public company that receives an offer, the shoe's 545 investors were asked to approve or reject it.
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