Nike's self-lacing HyperAdapt shoes cost $720

Despite a rumored price of $1,000, the real cost is a bit lower.

Even if you couldn't get your hands on an ultra-exclusive pair of Power Mags, there is a way to get self-lacing Nikes in 2016. The company's HyperAdapt 1.0 shoes are about to go on sale, and they automatically adjust when the wearer puts them on. Despite internet rumors suggesting they would retail for more than $1,000 YouTuber Jacques Slade confirmed the correct price of $720.

Nike confirmed the shoes will be available to a "small" group of Nike+ members on November 28th via the "Reserved for You" feature on its app. Otherwise, they will go on sale at two of its NYC locations December 1st. Later in the month, two colorways will go on sale via Nike+ and select locations, although the exact details have not been revealed.