UPDATE 5/29 at 8:45 P.M.: Nike has officially canceled the release of the Air Jordan 1 "Pinnacle." A future launch has not yet been revealed.

Price: $400
When: CANCELED
Where: Available from Nike.com, select Jordan Brand retailers
What You Need to Know: For those of you who are really balling, the $400 Air Jordan 1 “Pinnacle” makes its debut in a luxurious black and 24K gold. Crafted to commemorate Jordan Brand's 30th Anniversary, these are not going to be easy to come by to say the least.