Michael Jordan?s 1996 Game Worn Possession Fetches 6 Figures Racking Up More Than $15 Million in Memorabilia Sale

NBA legend Michael Jordan was one of the most popular athletes during his playing career. Even though he has been retired for a long time now, his popularity has not waned. It was recently proven that he is still very popular after a game-worn sneaker of Jordan was sold for nearly six figures. MJ’s partnership with Nike arguably changed the whole sneaker culture in the country and around the world. Air Jordan sneakers are a sneaker collector’s dream and his game-worn sneakers are always in demand.

Over the years, some of Jordan’s collectibles have sold for mindboggling amounts. Even though paying nearly six figures for memorabilia looks unfathomable, it is not very surprising.

Michael Jordan’s game-worn sneakers sold for huge margins

According to a report from Business Insider, a pair of Michael Jordan’s game-worn sneakers from 1996 was sold for $92,135. The pair of Air Jordan 11 “Concords” was also autographed by the six-time champion. Rally is a company that buys different types of collectibles. They are the ones who sold the “Concords” and almost doubled their investment.

The first offer for the sneaker was $65,000 which came in last week. Then another bidder came to the fore with a $70,000 offer. As the collectors battled it out, one lucky winner finally outbid everyone with a bid of $92,135.

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This has not only proven Jordan’s popularity but also proven that sneakers can be considered worthwhile investments. Despite the struggles of Nike in the market and its drop in share value, sneakers are still being sold for huge profits. Air Jordan sneakers are sold out as soon as they are dropped and are then sold for huge margins. On the other hand, sneaker memorabilia is on the rise earning mindboggling profits.

Most expensive game-worn memorabilia

Michael Jordan was the first athlete to earn over $30 million per year in salary. He earned over $30 million in his last two seasons with the Chicago Bulls. Interestingly, his memorabilia have been sold for more than $15 million around the world over the years. Furthermore, just one piece of his memorabilia was sold for over $10 million recently, further cementing the popularity of the five-time MVP.

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Last year, MJ’s game-worn jersey from the 1998 NBA Finals was reportedly sold for a mindboggling $10.1 million. It also became the most expensive game-worn item ever sold. He won his sixth and third straight NBA title against the Utah Jazz in the Finals. The Last Dance docuseries chronicled the 1998 season which could be heralded as one of the important factors behind the huge sale.