These are the futuristic sneakers that just sold for over $50,000

“Power laces! All right!” Marty McFly exclaimed as he slipped into a souped up pair of Nikes in Back to the Future II. Now someone else is saying those exact words after purchasing a pair of self-lacing sneakers for over $50,000.

Heritage Auctions ran the public bidding process that resulted in a pair of 2016 Nike Air Mag sneakers being sold for $52,500.

The sneakers were originally estimated to be worth a minimum of $30,000 and are exact replicas of Marty McFly’s sneaks from Back to the Future II. They use self-lacing technology, they light up, and this pair is signed, numbered, and truly meant for display purposes.

https://www.youtube.com/watch?v=10v7GYNCdcU?feature=oembed

When the sneakers first came out in 2016 their availability was extremely limited. Nike fans could enter a drawing on the Nike website to win a pair. All proceeds from that contest went to The Michael J. Fox Foundation for Parkinson’s Research.

The concept for the Nike Mag and its auto-lacing has been in the works since 2005, as Nike Senior Innovator Tiffany Beers told TechCrunch in 2016. In 2012, the motor technology finally advanced enough that the self-lacing mechanism could actually fit inside the shoe.

Watching the Nike Mag lacing in process seriously gives us flash-forwards to the future.

https://www.youtube.com/watch?v=mRBNCGgzBFc?feature=oembed

If you can believe it, this most recent $52,500 auction bid isn’t the most someone has put down for a pair of 2016 Nike Mags. According to Mashable, last year at a private Hong Kong auction, a pair of these same sneakers sold for a whopping $104,000!

We don’t think Marty McFly would be traipsing through dirty city streets in his power-lacing sneaks if he knew how much they’d be worth in ~the future~.

https://www.youtube.com/watch?v=7wrw19K_g_M?feature=oembed

They may cost a small fortune, but self-lacing sneakers are here to stay. The future is now, people.