Home Features SB News Collector Pawns Off 283 Nike Sneakers to Buy a $160K Apartment

Collector Pawns Off 283 Nike Sneakers to Buy a $160K Apartment

In the face of Beijing’s dauntingly pricey property market, a man must make sacrifices if he doesn’t want to live in a yurt. For this guy, it meant parting with 283 pairs of Nike Jordan sneakers, a collection he’d acquired over a span of 20 years.

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Mike, the 30-year-old man was able to pawn off his Jordans in Beijing for one million yuan on Monday, which converts to $160K in USD all of which he plans on using to put a down-payment on an apartment before he gets married, Legal Evening News reports.

The shoes were valued at 1.8 million yuan, according to staff at the pawn shop of Beijing World of Pawn Co., Ltd. The owner plans on raising enough money to redeem the shoes in the next two months.

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Mario Briguglio
Founder and Editor in Chief. My passion for sneakers started at age 6 and now I've turned my passion into a profession. Favorite Kicks - Air Jordan 3 "Black Cement"
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