world basketball festival

Nike's All-Black Sneakers Bidding High On eBay

Filed under: Auctions

When can simple black sneakers sell for thousands of dollars? When they are limited edition kicks for a good cause. Hip-Hop mogul Jay-Z has teamed with Nike to create a limited edition sneaker for charity. Five pairs of Nike's "All Black Everythings" are being auctioned off on eBay as part of the World Basketball Festival, which is taking place in New York from August 12th-22nd. Each pair represents one of the five countries playing in the event: the United States, France, Brazil, China and Puerto Rico. Jay-Z is the only other person in the world with each one of the five exclusive sneakers and Nike donated the custom pairs to be auctioned off to benefit Jay-Z's nonprofit, The Shawn Carter Foundation. Bidding ends on August 22 and all shoes are already over $1,000 with the USA shoes up over $2,000.

[via All Hip Hop News]

Tags: jay-z, nike all black everythings, shawn carter, world basketball festival