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Watch: Michael Jordam sneakers sell for nearly $1.5m, an auction record
Forking out for new trainers is always an expensive game. But not quite on the level of the trainers that sold at auction this week for an astonishing $1.47 million (around £1.1 million).
Though there is a very lively market for sports shoes worn by legendary players, the record-breaking red and white Nike Airs belonged to Michael Jordan, and were used during his first season with the Chicago Bulls in 1984.
Long regarded by many as the best-ever basketball player, Jordan, who retired in 2003, recently hit the spotlight again thanks to the acclaimed Netflix documentary about his career, The Last Dance.
The record price is the highest ever paid for any used sports footwear.
Jordan became globally famous, and was also the first billionaire in NBA history, thanks to sponsorships and endorsements. The signed trainers were symbolic of Jordan's deal with Nike which began in 1984 and continued through his career - 37 years on, they have been bought in Las Vegas by collector Nick Fiorella.
"This record-breaking result for the Jordan Nike Air Ships affirms the place of Michael Jordan and the Air Jordan franchise at the pinnacle of the sneaker market," said a Sotheby's spokesman.
While these are indeed the priciest sports trainers ever purchased, the most expensive remain Kanye West's Yeezy trainers.
The rapper, now known as Ye, earned $1.8million for his Nike Air Yeezy 1 Prototypes in April. He had worn them once, onstage in West Germany.
The collectables market for trainers has boomed in recent years. Last year, another pair of Michael Jordan's sold for $615,000 at online auction. The Nike Air Jordan 1 High sneakers, were described as the "rarest of the rare", and worn in an exhibition game in 1985.
Christie's auction house called a collection of nine pairs the "greatest" collection of Michael Jordan NIkes ever offered and added, "Put simply, Michael Jordan and his signature line of footwear set the foundation for modern basketball and the worldwide phenomenon of sneaker collecting."
Trainers may achieve frankly insane prices - but women's designer shoes can also reach the price of a house, and there's always someone willing to pay it.
Forget Carrie's run-of-the-mill Manolos, the kinds of shoes that sell for mortgage-prices are one-of-a-kind.
Amongst the priciest are the glittering Contessa Wafer Stilettos, rather ludicrously "backed by a 1000-year warranty". Designed by Christopher Michael Shellis, for the House of Borgezie, the shoes cost $130,000 and required "18 months of research and development."
Designer label Stuart Weitzman, much loved by Hollywood stars, also created shoes worth $500 000 for actor Anika Noni Rose to wear at the Oscars in 2007. They are coated with 1,420 diamonds.
Actor Regina King, meanwhile, showcased shoes first worn by Marilyn Monroe to the Oscars in 2005, decorated with a pair of Marilyn's earrings. They were auctioned later at a charity event for $1million.
Stuart Weitzman were also responsible for $2million 'Cinderalla' slippers crafted from 565 platinum-set diamonds and a 5 carat 'amaretto' diamond. They were worn by singer Alison Krauss to the Oscars in 2004.
As for the most expensive women's shoes of all time, that honour goes to the Passion Diamond Shoes, created by Jada Dubai in collaboration with Passion Jewellers and revealed at Dubai's 7-star Burj Al Arab hotel in 2018. They feature an excessive 236 diamonds around the outer rim, and two 15-carat D-flawless diamonds in the centres.
They're priced at- deep breath - $17 million. Unfortunately, they're unlikely to fit many women, as they're made in a tiny UK size 3.
However, perhaps the most iconic and desirable shoes in the world are not the sky-high heels and glittering diamonds of the red carpet - more like the rubies of the Yellow Brick Road.
Dorothy's Ruby Slippers were created for Judy Garland to wear in The Wizard of Oz in 1939, made by jeweller Harry Winston. Though they are in private hands, a replica pair was made in 1989 to celebrate the film's 50th anniversary.
The House of Harry Winston spent two months placing each one of the 4,600 rubies by hand, and the precious mementoes are now worth around $3 million.
Watch: Slippers from The Wizard of Oz finally return home