The Air Jordan 1 faced a backlash from the NBA after Jordan donned the black and red sneakers during a preseason game in 1984. The NBA sent a letter to Nike, stating “the red and black Nike basketball shoes...” violated league policy, incurring a $5,000 per game fine.

Fake Jordans will often have some shoelace tabs that are looser than others. Look for high quality stitching. Inspect the shoes carefully for neat and professional looking stitching. Everything should look evenly spaced, with no unfinished edges or frayed threads.

Air Jordan is a line of basketball shoes produced by Nike, Inc. Related apparel and accessories are marketed under the Jordan Brand. The silhouette of Michael Jordan served as inspiration to create the "Jumpman" logo.

The high prices come from how the company makes and markets its iconic sneakers. The brand has a rich history, and its Air Jordan 1 is widely credited as the catalyst for sneaker-culture. Business Insider tells you all you need to know about business, finance, tech, retail, and more. World's Most Expensive Big Mac!