In the 1984, Michael was selected by the Chicago Bulls with the No.3 overall pick. This was after seeing Jordan perform a wonderful three years in North Carolina and co-captain and star of the Olympic basketball team in 1984 which as you all know picked up the gold medal. Nike understood that this player would turn out to be something else and signed him up to create a line of shoes and appearal.
The Air Jordan 1 (I) marked a new era in basketball shoewear design. There has been multiple fakes of this shoe and also other shoe brands made models where you could see lots of similarities with Air Jordan 1 (I).
The Air Jordan 1 (I) Retro 2003 - White / Black - Red were released as retros in 2003 and sold very poorly. Noone seemed to want them. They went on sale for $125 at some stores in the US.
In 2001 they re-retroed them and this time around the demand was a lot greater. At some stores they sold out in just a few minutes.