What is expected bid for Michael Jordan's 'Last Dance' sneakers? 3 reasons why they  are so valuable

News recently broke that Michael Jordan's 'Last Dance' sneakers are set to be auctioned off. Given the history behind them, many are expecting the shoes to shatter records.

The pair of Jordan 13s are from the 1998 season, his airness' last with the Chicago Bulls. Following their championship victory, he opted to retire for the second time in his career.

Reports are expecting the shoes to go from anywhere between two and four million dollars. The previous record for auctioned shoes is $1.8 million. Before the bidding gets underway, here are three reasons why the sneakers are so valuable.

3 reasons why Michael Jordan's 'Last Dance' sneakers will break records

1) History

Above all else, the main reason why Michael Jordan's 'Last Dance' sneakers will garner a high price is because of the history behind them. The NBA icon became a mainstream star during his time with the Chicago Bulls. Those shoes represent the final chapter of his historic run in the 1990's.

While he did return to the NBA after his second retirement, many fans don't acknowledge his time with the Washington Wizards. Instead, they view the 1998 season as the last time MJ was at the peak of his powers. Because of the history the sneakers carry, collectors are surely ready to write a big check to obtain them.

2) Iconic moments

Another reason why Michael Jordan's 'Last Dance' sneakers are so valuable is because one of his biggest moments happened while wearing them. Among his many big-time plays, his final shot in the 1998 finals is among the best.

After coming up with a steal, Jordan came down the floor with a chance to end the series. The Utah Jazz held a one-point lead, but not for long. Jordan executed a beautiful crossover at the free-throw line before rising up for a mid-range shot that would end the game.

On top of securing the 1998 title, this shot was also the culmination of the Bulls' second three-peat. Something that no team has been able to do since.

3) Recent nostalgia

The final reason why the sneakers are so valuable is because of recencey bias. Many fans are still caught up from the incredible documentary ESPN put out of Jordan's final run with the Bulls.

During the height of the Covid-19 pandemic where there were no sports, basketball fans got a behind-the-scenes look at the 1998 Chicago team. After seeing things in a new light, fans are once again head over heels for the G.O.A.T.