Months After $10,100,000 Record Breaking Sale, Michael Jordan Jacket May Fetch 7-Figure Whopper in Upcoming Auction, as Per Reports

Despite his retirement from the NBA almost 20 years ago,?Michael Jordan still continues to grow in fame. Due to Michael Jordan’s fame and standing as a sports icon, sports memorabilia collectors greatly prize his game-used items. His game-used sports memorabilia has even gone up to the price of $10,100,000 in an auction.

Meanwhile, the?Chicago Bulls’ icon recently put up his jacket for sale which could potentially fetch 7-figures

Michael Jordan puts his jacket up for auction

The Reebok jacket that Michael Jordan wore to receive the gold medal at the 1992 Summer Olympics in Barcelona will be auctioned off by Sotheby’s. This jacket has never been put up for sale. It can fetch up to $3 million as per reports.

While the jacket is associated with the legendary Dream Team’s Olympic triumph, it is also linked to controversy.

Jordan, since he was a spokesperson for Nike, refused to wear the Reebok jacket. When he did wear it, he covered the Reebok emblem. He draped an American flag over his right shoulder during the medal ceremony.

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The head of streetwear and modern collectibles at Sotheby’s, Brahm Wachter, claims that this incident adds to the jacket’s uniqueness. The jacket was up for auction following the auction of other pieces of memorabilia belonging to Michael Jordan. These include his pair of Air Jordan 13s from the “Last Dance” season that fetched $2.2 million. His iconic red jersey was also put up for auction. It broke records with its sale.

Jordan auctioned his iconic red jersey

Michael Jordan’s jersey that he wore in the 1998 NBA Finals smashed the previous record for a piece of game-used sports memorabilia at auction. The iconic bright red jersey was sold for a price of $10.1 million dollars. A price that no one expected it to be sold at. As per reports, the sale’s organizer, Sotheby’s, revealed that the jersey attracted 20 bids altogether. Apart from the Jersey, a June 1998 issue of Sports Illustrated was also on sale. It had Jordan on its cover.

The auction comes after a 2021 auction in which a pair of Jordan’s sneakers from his first season with the Bulls brought in almost $1.5 million. According to Brahm Wachter, head of streetwear and modern collectibles at Sotheby’s, the sale of Jordan’s jersey was thrilling for both sports fans and avid collectors. This auction proves Jordan’s reputation as the “undisputed GOAT,” proving that his name and legacy are still as important now as they were more than 25 years ago.

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The record-breaking prices for Jordan’s belongings are a result of the enormous demand for sports memorabilia. This trend will most likely remain. How do you feel about buying sports memorabilia? Michael Jordan is sure to put out more!