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Wednesday, September 28, 2011

Tuesday, September 20, 2011

Nike MAG Auction 2011 Final Numbers - Nike total revenues


  We all watched the Nike MAG go live on eBay. Some of us bid, and a select few even won. The auctions have ended and the numbers are in. Thanks to some statistical analysis from our friends over at Nike Talk, we go inside the numbers on the biggest sneaker release of the year. What did it take to get the Marty McFly Nike’s in your size? What was the best day to bid? How much money was raised towards Parkinson’s research? Find out all this and more.
Highest winning bid:

$5,744.44 for a size 10
Lowest winning bid:

$2,300.00 for a size 7
Total amount raised per day:

Day 1 = $911,927.34
Day 2 = $647,539.91
Day 3 = $554,120.31
Day 4 = $508,077.50
Day 5 = $511,112.10
Day 6 = $492,481.97
Day 7 = $488,076.90
Day 8 = $499,851.16
Day 9 = $511,479.82
Day 10 = $570,523.52
Total Amount Raised:

$5,695,190.53
Size Distribution by Day:

Day 1 & 2
Size 7 – Qty 13
Size 8 – Qty 13
Size 9 – Qty 30
Size 10 – Qty 40
Size 11 – Qty 30
Size 12 – Qty 15
Size 13 – Qty 9

Day 3, 4, 5, & 6
Size 7 – Qty 6
Size 8 – Qty 26
Size 9 – Qty 32
Size 10 – Qty 35
Size 11 – Qty 25
Size 12 – Qty 14
Size 13 – Qty 12

Day 7 & 8
Size 7 – Qty 5
Size 8 – Qty 26
Size 9 – Qty 33
Size 10 – Qty 36
Size 11 – Qty 25
Size 12 – Qty 14
Size 13 – Qty 11

Day 9 & 10
Size 7 – Qty 5
Size 8 – Qty 26
Size 9 – Qty 32
Size 10 – Qty 38
Size 11 – Qty 25
Size 12 – Qty 13
Size 13 – Qty 11
Total number of bids per day:

Day 1 – 5389
Day 2 – 3558
Day 3 – 3713
Day 4 – 3352
Day 5 – 3881
Day 6 – 3117
Day 7 – 3582
Day 8 – 3657
Day 9 – 3891
Day 10 – 4324
Total – 38,464

Highest and Lowest Selling Price for Each Size:

Size 7 – High – $5,331.88 on Day 1, Low – $2,300.00 on Day 6
Size 8 – High – $6,100.00 on Day 1, Low – $2,500.00 on Day 4
Size 9 – High – $6,300.00 on Day 1, Low – $3,050.00 on Day 5, 6 & 9
Size 10 – High – $9,959.00 on Day 1, Low – $3,200.00 on Day 6
Size 11 – High – $7,600.00 on Day 1, Low – $3,350.00 on Day 8
Size 12 – High – $8,100.00 on Day 1, Low – $3,100.00 on Day 7
Size 13 – High – $7,875.00 on Day 1, Low – $2,750.00 on Day 7

  

Friday, September 9, 2011

Nike MAG Auction

As we stated earlier, the Nike MAG auction kicks off tonight. 150 pairs are now available by way of auction on nikemag.eBay.com. As of now, the highest priced pair has a current bid of $65,000! Place your bid on eBay now. **Note** All net proceeds will go directly to The Michael J. Fox Foundation. Each day for the duration of the 10-day auction, 150 of the 2011 NIKE MAG shoes will be made available via eBay’s Fashion Vault. The auction has started tonight, and will end September 18.

Nike Air Mag Auction The auction begins Thursday and will end Sept. 18.

Nike releases 'Back to the Future' shoe But these shoes won't lace themselves
The sneaker maker on Thursday said it has created a limited-edition shoe based on a glowing pair that appeared in the popular 1989 movie "Back to the Future II." The 2011 Nike Mag is designed to be an exact replica of the fictional sneaker, including a glowing Nike name on the strap. But unlike the movie version, these shoes won't lace themselves. Nike will release 1,500 pairs of the 2011 Nike Mag sneaker for auction on eBay and donate all proceeds to the Michael J. Fox Foundation for Parkinson's disease research. Fox famously played Marty McFly in the "Back to the Future" time-travel trilogy, where he wore the shoes during a visit to the year 2015. "It hasn't gone unnoted by us that there is something special about that shoe and, of course, the movie," said famed Nike shoe designer Tinker Hatfield, who helped design the original shoe and worked on the latest version. Limited-edition shoes can draw as much, if not more mania, as a new movie or comic book release. Fans obsessively track the latest news and are willing to camp out all night or spending hundreds or more for a single pair online. Nike's collector sneaker has been long awaited by shoe collectors and movie fans, who have been urging the company to make them ever since the movie was released. There were roughly eight or ten pairs used in the movie, some of which are in Nike's possession and a few that collectors somehow got their hands on.
Owning them, or even seeing a pair of them, has become a singular pursuit for some fans. There was even an online campaign a few years ago called "McFly 2015, Make it Happen" that gathered thousands of signatures to convince Nike to bring the McFly shoe back. "This is the biggest thing that has happened to sneakers since Michael Jordan, hands down," said Matt Halfhill, an avid shoe collector who runs the website nicekicks.com and flew from Austin, Texas, to Los Angeles for the unveiling of the shoe on Thursday hours after Nike contacted him. "Other than the birth of one of my children, I wouldn't have missed this for anything." Halfhill was among the revelers at Nike's 1980s-themed launch party Thursday in LA. A line stretched around the block for the invitation-only affair at Hollywood's Montalban theater, where tastemakers, sneaker freaks and Nike executives from around the world got a peek at the new collectible shoe. There was a DeLorean time machine parked outside, and inside, a wall of 210 of the light-up Nike Mag shoes (behind glass). A DJ spun '80s tunes before Hatfield took the stage to talk about the new shoe and officially open the eBay auction. Nike Inc., based in Beaverton, Ore., decided more than four years ago to create the shoe, but was unsure when a pair would be ready. Unlike the shoes in the movie, the real-life versions had to be designed for day-to-day use. For instance, the design used in the movie required Fox to wear a battery pack with wires running down his pants to light the shoe, which was the best technology available at the time.
Hatfield said the Nike Mag has been difficult to develop and the electrical systems, which illuminate the shoe for up to five hours, have been one of the most challenging things the company has ever done in footwear. But the timing seemed perfect to bring the shoe back to support a bigger idea. That Nike is releasing the shoe in 2011 enables it to take advantage of a matching grant for the foundation. Google founder Sergey Brin and his wife Anne Wojcicki have offered to match all donations to the Michael J. Fox Foundation up to $50 million through the end of 2012. "The project is exciting to me because it brings together three very passionate audiences: the Parkinson's community, sneakerheads and 'Back to the Future' fans," Fox said in a statement. "With their support we can accelerate our objective of finding a cure for Parkinson's."8 Nike also has created a faux "lost scene" from the film to promote the shoe that includes original cast members Christopher Lloyd and Donald Fullilove, who will be joined by basketball star Kevin Durant and Nike's Hatfield. The auction begins Thursday and will end Sept. 18.