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The 2016 Nike Mag Sold for Over $100,000 at Auction in Hong Kong

The cost of owning a cultural icon
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Image via: Sneaker News

Image via: Sneaker News

As we reported last week, fans who wanted to get their hands on the 2016 Nike Mag could purchase a $10 raffle ticket, though the odds of winning a pair would probably be akin to winning the actual lottery. For well-heeled buyers, they could try their luck at live auctions in Hong Kong, London and New York. The Hong Kong event has already wrapped, and the Nike Mag ended up fetching a winning bid of HK$810,000, or around $104,267. London is next, with auctions on October 14 and 17, followed by New York on November 12, and keep in mind that all proceeds go to the Michael J. Fox Foundation for Parkinson's Research. Check out a photo recap of the Hong Kong auction in the gallery below.

Also check out a detailed look of the 2016 Nike Mag, as well as Nike Mag sticker pack for iMessage.