Tuesday, November 15, 2011
Michael J. Fox Foundation for Parkinson's Research charity auction raises $4.7 million
The Michael J. Fox Foundation for Parkinson's Research is the world's largest private funder of Parkinson's research. The Foundation is dedicated to accelerating a cure for Parkinson's disease and improved therapies for those living with the condition.The Michael J. Fox Foundation for Parkinson's Research (MJFF) announced that Nike's total funds raised for the Foundation, generated by the 10-day eBay auction of 1,500 pairs of limited edition 2011 NIKE MAG shoes, topped $4.7 million (US). The funds go straight to the Foundation's aggressive research programs to help speed a cure for Parkinson's disease. Through the $50-million Brin Wojcicki Challenge , effective through 2012, the proceeds of the auctions are doubled, bringing the total funds generated to $9.4 million. At the 2011 NIKE MAG launch party in Los Angeles, British rapper and avid sneaker collector Tinie Tempah made the highest bid for the first pair of the 2011 NIKE MAG with his $37,500 bid at live auction. Seems the average price paid per pair was $3,600. Kicks owned by Christopher Lloyd, were also auction and went for $13,500.