Only five pairs of Nike's "All Black Everythings" are being made in conjunction with 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 and according to organizers, Jay-Z is the only other person in the world with each one of the five exclusive sneakers.
Nike donated the custom pairs to be auctioned off to benefit Jay-Z's nonprofit, The Shawn Carter Foundation.
Tonight (August 12th), Jay-Z will hit the stage at Radio City Music Hall to launch the World Basketball Festival.
"We're excited to bring together the international prestige of Jay-Z and the USA Team on stage at famed Radio City Music Hall to open the first World Basketball Festival. This will be a historic night," said Trevor Edwards, Nike VP Global Brand and Category Management. "We're also honored to collaborate with Jay-Z on limited edition Air Force 1's that celebrate the countries participating in this inaugural event."
Fans interested in bidding for the shoes can click here.
The bidding process started at 9:00 AM ET.
The price for the shoes have already skyrocketed, with bids reaching over $1,000 U.S. dollars as of press time.
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