FLOAT

FLOAT 100 · Sneakers · No. 21

Nike Dunk Low x Off-White 'The 50 / Lot 01'

Virgil Abloh made fifty versions of the same Dunk and shipped them at random, so most buyers did not know which lot they had until the box arrived; the one that opens the set, Lot 01, also got a raffle of its own.

Year
2021
Maker
Nike x Off-White
By price in sneakers
56 of 100
Market asking price, not a sale · Oct 4, 2026$791This is not a sale. It is an asking price, and no transaction is recorded at this figure.

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Name
Off-White x Nike Dunk Low, "Lot 01 of 50"
Style code
DM1602-127
Colorway
White/Metallic Silver/Butter
Collection
"The 50," also called "Dear Summer": 50 numbered Dunk Lows by Virgil Abloh
Released
Collection launched August 9, 2021; Lot 01 and Lot 50 were also offered through a separate raffle opened August 2, 2021
Retail price
$180 in two release reports; one outlet gave $150
What sets it apart
A whiter upper than lots 2 to 49, a metallic silver Swoosh, and a pre-yellowed midsole and tongue foam
Original Dunk
Designed by Peter Moore and released by Nike in 1985 as the "College Color High"

From The Ten to The 50

Virgil Abloh's partnership with Nike began with "The Ten" in 2017, ten reworked icons cut open with an X-ACTO knife. His first Dunk came later: in December 2019, Off-White and Nike released three Dunk Low Leather colorways, University Gold/Midnight Navy, University Red and White/Pine Green, at $170 each, with Abloh's lacing system, zip ties and printed text.

In 2021 leaks pointed to a 20-shoe Off-White Dunk pack. Abloh appeared to acknowledge it indirectly, joking that he "couldn't pick this many bad colorways if I tried." The real number turned out to be larger. In June 2021 Nike unveiled the full collection in a "SNKRS Special" slideshow: fifty Dunk Lows, released as "The 50." As one sneaker site put it, first it was "The Ten" in 2017, and now it was "The 50."

The Dunk itself is a 1985 Nike basketball shoe, originally called the College Color High and designed by Peter Moore, borrowing elements from the Legend, Terminator and Air Force 1. It became popular through colorways matched to university teams and later through skateboarding.

Fifty variations on one shoe, and a name from Jay-Z

Almost all of the 50 share a Sail and Neutral Grey base. What changes from lot to lot is the color of the overlay laces, the tab on the Swoosh, the insole, tongue, sockliner, zip tie, and a plug on the outer heel that carries the lot number, "XX of 50." Materials alternate in blocks: lots 1 to 10, 21 to 30 and 41 to 50 use a leather-and-canvas mix, while lots 11 to 20 and 31 to 40 use hairy suede with leather.

Two pairs break the pattern. Lot 50 is mostly black with pink and purple hits. Lot 01 has a lighter, white upper than the 48 pairs between them, with an aged look on the sole and tongue foam. Both carry a metallic silver Swoosh. Listings describe Lot 01 as a white canvas-and-leather upper with rope laces that zigzag through Flywire cables at the eyelets, a pre-yellowed midsole, an exposed foam tongue, a white plastic zip tie, an off-center tongue tag and lines of Helvetica text on the medial side.

The box was part of the design. Abloh previewed it on Instagram: a hand-drawn Swoosh and neon green Off-White branding on the lid, circular cutouts, duct-tape reinforced edges, and the numbers 01 to 50 printed in a 5 by 10 grid under the word "LOT," with a checkmark marking the pair inside.

Abloh named the collection "Dear Summer," after the Jay-Z song of that name. In the last slide of his box preview he showed a screenshot of the Jay-Z track and the Jeezy cut recorded over the same beat, writing that "where the plot thickens on the design side is the portal to tell stories as vivid as a HOV triple entendre or a Jeezy ad-lib."

A drop you could not choose

Nike sold The 50 through "Exclusive Access" on its SNKRS app, an invitation system meant, as release coverage put it, to reward the most engaged fans after years of complaints about losing limited drops. Invitations began on Monday, August 9, 2021, and went out over several days, in the United States, Europe, China and Japan through the app and in South Korea through the SNKRS website. Some colorways were exclusive to particular countries.

Buyers could choose a size but not a lot. Nike's Lucian Dickson explained on a SNKRS Live episode on August 4 that all 50 lots would be distributed at random, and that the lot number would stay a mystery until the pair was delivered. Two release reports gave a retail price of $180; another gave $150.

Lot 01 and Lot 50 had an extra route. On August 2, 2021, Off-White opened a raffle for the two through its Instagram page, with entries open until 6 p.m. that day, one raffle for each colorway and size, and winners to be contacted by August 4.

The last big drop

The 50 launched less than four months before Abloh's death. Diagnosed privately in 2019 with cardiac angiosarcoma, a rare cancer, he died in Chicago on November 28, 2021, at 41.

As the first number in the run and one of the two pairs designed differently from the rest, Lot 01 is the pair that opens the set. On October 1, 2026, the lowest asking prices for a new pair on two major resale marketplaces were $486 and $791. These are asking prices, not sales.

The numbers

Release date
August 9, 2021 (Exclusive Access); Lot 01 raffle opened August 2, 2021
Retail price
$180 in two reports ($150 in another)
Style code
DM1602-127
Colorway
White/Metallic Silver/Butter
Collection size
50 numbered colorways
Production
Pair counts not disclosed by Nike or Off-White in any source found

Timeline

  1. Nike releases the Dunk, designed by Peter Moore, as the College Color High.

  2. Nike and Virgil Abloh announce "The Ten."

  3. Off-White and Nike release three Dunk Low Leather colorways, including Pine Green, at $170.

  4. Abloh previews the numbered "LOT" shoebox and the "Dear Summer" name on Instagram.

  5. Nike unveils all 50 colorways in a "SNKRS Special" preview.

  6. Nike says the Off-White Dunks will release through SNKRS Exclusive Access beginning August 9.

  7. Off-White opens a one-day Instagram raffle for Lot 01 and Lot 50.

  8. On SNKRS Live, Nike confirms that lots will be assigned at random and kept secret until delivery.

  9. Exclusive Access invitations for The 50 begin going out.

  10. Virgil Abloh dies in Chicago at age 41.

  11. Lowest asking prices for a new pair on two major resale marketplaces: $486 and $791.

The world in 2021

  • The Tokyo Summer Olympics open, a year late because of the COVID-19 pandemic.

  • The day The 50 launches, the UN climate panel releases its Sixth Assessment Report, calling human-caused climate change "widespread, rapid, and intensifying."

  • A magnitude 7.2 earthquake strikes Haiti, killing more than 2,500 people.

  • The Taliban capture Kabul as the Afghan government surrenders.

  • Hurricane Ida strikes New Orleans.

  • El Salvador becomes the first country to accept Bitcoin as legal currency.

  • Inspiration4 becomes the first all-civilian private spaceflight to orbit Earth.

Price record

DatePriceKind
Oct 1, 2026$486Asking price, not a saleLowest asking price for a new pair on a major resale marketplace. An asking price, not a sale.
Oct 1, 2026$791Asking price, not a saleLowest asking price for a new pair on a second major resale marketplace. 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, Nike Dunk Low x Off-White 'The 50 / Lot 01' is number 56 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 (21 here) is editorial: how much an object defines its field, not price alone.

Did you know

  • Buyers in the main release chose only their size; the lot number stayed a mystery until the shoes arrived.
  • The collection was first rumored as "The 20" before it grew to fifty.
  • Abloh named the collection after Jay-Z's song "Dear Summer."
  • Every box printed all fifty lot numbers in a grid, with a checkmark marking the one inside.
  • Lots alternate materials in blocks of ten: leather and canvas, then hairy suede and leather.
  • The Dunk began in 1985 as the "College Color High," sold in university team colors.
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 1, 2026.
Archive
Oct 5, 2026