FLOAT 100 · Sneakers · No. 64
Air Jordan 1 Retro High OG 'Chicago Lost and Found / Reimagined'
Jordan Brand imagined a pair of 1985 Chicagos forgotten for decades in the back room of a small-town Kentucky sports shop, then built it, down to the cracked collar, the yellowed midsole, the mismatched box lid and a handwritten receipt.
- Year
- 2022
- Maker
- Nike / Jordan Brand
- By price in sneakers
- 88 of 100
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Create a free account- Model
- Air Jordan 1 High OG 'Lost & Found' (Chicago), style code DZ5485-612
- Colorway
- Varsity Red/Black/Sail/Muslin
- Release
- November 19, 2022, through Nike's SNKRS app and select retailers
- Retail price
- $180 (grade school $140, preschool $85, toddler $70, crib $50)
- Concept
- Deadstock 1985 Chicagos found years later in a mom-and-pop stockroom
- Packaging
- Aged box with a mismatched orange lid, newspaper-print tissue, sale stickers and an '80s-style receipt
- Fictional store
- Sandy Bros. Sports Depot, Covington, Kentucky, named on the receipt
- Restock
- April 20, 2023, on SNKRS, marred by checkout errors
- Production
- Not confirmed by Nike; a widely repeated rumor put it at 500,000 pairs
A shoe that tells a story about a shoebox
The Air Jordan 1 'Chicago' first went on sale in 1985 at $65. Nearly four decades later, Jordan Brand built a Chicago around a premise rather than a reissue: what if an untouched pair of 1985 originals had been sitting in the back of a small shop's stockroom all this time?
Nike's own write-up ties the idea to the pre-digital era, when 'products were typically tracked with pen and paper,' boxes got separated from their lids, and shoes turned up years later in the wrong packaging. The team said it wanted a 'time travel moment': every detail recognizable to people who grew up then, while giving younger collectors a taste of what it was like.
The shoe arrived with the official name 'Lost & Found' and the colorway Varsity Red/Black/Sail/Muslin, and collectors call it the 'Lost and Found' Chicago.
How the designers aged a new shoe
Jordan designers studied several original 1985 pairs in different states of distress. Nike described the target as shoes with light to no wear whose materials had sat in a box for years and had not stood up to time.
That meant cracked and faded black leather at the ankle collar, where the original leather dried out; a midsole tinted light yellow, the way rubber cupsoles yellowed in storage; and toe and side panels with hints of dryness, recreating how oils in old leather came to the surface. The foam tongue was tinted toward peach, the color old white foam turns. The Swoosh was made larger, closer to its 1980s proportions.
The box did as much storytelling as the shoe. It came sun-faded and worn, with a mismatched orange replacement lid, tissue paper printed like old newspaper ads, sale stickers and a handwritten-style receipt from a fictional shop, Sandy Bros. Sports Depot in Covington, Kentucky.
Launch, glitches and a restock
On-foot images surfaced in September 2022, and the pair released on November 19, 2022, for $180 in men's sizing, with full-family sizes at $140 for grade school, $85 preschool, $70 toddler and $50 crib. The launch ran on Nike's SNKRS app and at select retailers.
Supply became part of the story. A widely repeated rumor held that 500,000 pairs would be made, against a typical 300,000 for a major Air Jordan 1; Nike never confirmed a number, and the figure should be treated as unverified.
Nike restocked the shoe on SNKRS on April 20, 2023, after teasing it a week ahead. The app buckled. On May 3, SNKRS vice president Lucy Rouse said 'a third-party scaling issue' had kept Nike from handling the traffic, and added, 'We know we can be better.'
On October 3, 2026, a new pair was listed at a sneaker resale shop at $237.
How to identify a pair
Check for style code DZ5485-612 on the size tag and box label. The upper is white leather with red overlays and a black Swoosh, the black collar shows a crackled finish, and the Wings logo sits on the collar. The tongue is muslin-colored nylon with a red 'Nike Air' tag, and the outsole is red rubber.
The aging is the giveaway against the 2015 'Chicago' (555088-101): a cream-tinted midsole instead of white, a cracked collar, and the vintage box with its mismatched orange lid, receipt and stickers. A pair missing its original packaging loses much of what makes this release distinct.
Why it matters
The 'Lost & Found' made the Chicago widely available again, in a form that leans on nostalgia as much as accuracy. Its packaging, from the mismatched lid to the receipt, made the unboxing part of the product.
For collectors who will never own a true 1985 pair, it is the closest thing to the look of one that survived: an original Chicago as it might look today, sold new.
The numbers
- Style code
- DZ5485-612
- Colorway
- Varsity Red/Black/Sail/Muslin
- Release date
- November 19, 2022; restocked April 20, 2023
- Retail price
- $180 men's; $140 GS, $85 PS, $70 TD, $50 crib
- Production
- Not confirmed by Nike; rumored 500,000 pairs
Timeline
The Air Jordan 1 'Chicago' goes on sale at $65.
The faithful 'Chicago' retro, 555088-101, releases for the shoe's 30th anniversary.
On-foot images of the 'Lost & Found' surface.
The Air Jordan 1 High OG 'Lost & Found' releases at $180 on SNKRS and at select retailers.
Nike restocks the pair on SNKRS; checkout errors hit the launch.
SNKRS vice president Lucy Rouse blames a third-party scaling issue.
A new pair is listed at $237 at a sneaker resale shop.
The world in 2022
NASA confirms its DART mission shifted the orbit of the asteroid moonlet Dimorphos.
A single ticket in Altadena, California, wins a record $2.02 billion Powerball jackpot.
Republicans win control of the U.S. House in the midterm elections.
FTX files for Chapter 11 bankruptcy amid its collapse.
Mauna Loa begins its first eruption in 38 years.
The Air Force unveils the B-21 Raider stealth bomber.
OpenAI releases ChatGPT to the public, and Argentina wins the World Cup in Qatar.
Price record
| Date | Price | Kind |
|---|---|---|
| Nov 19, 2022 | $180 | Asking price, not a saleOriginal retail price, men's sizing. |
| Oct 3, 2026 | $237 | Asking price, not a saleAsking price for a new pair at a sneaker resale shop. An asking price, not a sale. |
This is an asking price, not a sale. It is what a seller wanted on the date shown. Asking prices often sit above what buyers pay, but an ask is not a ceiling: a sale can land on either side of it. It is not a value.
By reference price, Air Jordan 1 Retro High OG 'Chicago Lost and Found / Reimagined' is number 88 of 100 in the sneakers entries of the FLOAT 100. 22 of those 100 rest on a realized sale; the rest carry an asking price or a guide value, and each page says which. Rank within the FLOAT 100 itself (64 here) is editorial: how much an object defines its field, not price alone.
Did you know
- The receipt in the box comes from a store that never existed: Sandy Bros. Sports Depot in Covington, Kentucky.
- The orange box lid is deliberately mismatched, as if the box had been paired with the wrong top in a stockroom.
- The tongue foam was tinted peach to copy how white foam discolors with age.
- Nike said bots typically make up about half of entries on its most-wanted launches.
- The aged midsole copies how rubber cupsoles on 1985 pairs yellowed in their boxes.
How this page is made
- The figure
- One reference price, shown with its own kind. FLOAT does not average it with anything or adjust it for time.
- Realized or not
- A realized price is a completed sale. An asking price, an estimate and a price-guide value are not sales, and are labeled as such wherever they appear.
- The story
- Researched from published records and checked fact by fact. Updated Oct 3, 2026.
- Archive
- Oct 5, 2026