Photo credit: Sotheby's

A signed pair of Air Jordan 1s worn by Michael Jordan during his 1984–85 rookie season sold for $560,000 in a Sotheby's auction on Sunday, breaking the all-time record for most expensive sneaker.

The big picture: The iconic shoes were sold the same day that the final two episodes of ESPN's "The Last Dance," which has consistently smashed live audience records for a documentary, are set to premiere.

  • It's not immediately known who purchased the shoes, per Action Network, but they were sold by shoe collector Jordy Geller, who decided it was a good time to offload them when he saw the renewed hysteria for Jordan memorabilia driven by the documentary.
  • "We are thrilled with the price. It just speaks to Michael Jordan’s incredible legacy and people recognizing him as the greatest athlete to ever play," Sotheby's Brahm Wachter told Action Network.

Go deeper: "The Last Dance" becomes must-watch quarantine TV

Go deeper

Ben Geman, author of Generate
1 hour ago - Energy & Environment

U.S. cities' lagging climate progress

Expand chart
Reproduced from a Brookings Institution report; Chart: Axios Visuals

A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.

Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.

New state unemployment filings fall to 787,000

Photo: Joe Raedle/Getty Images

First-time applications for unemployment fell last week, according to Department of Labor data released on Thursday.

Between the lines: The overall number of Americans relying on unemployment also fell to a still-staggering 23 million. But there are continued signs of labor market strain, with more people shifting to an unemployment program designed for the long-term jobless.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: Many U.S. deaths were avoidable — The pandemic is getting worse again.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.