It has been 31 years since the Dream Team conquered the Barcelona Olympics. They absolutely destroyed every team in their path and took home the gold. Chicago Bulls legend Michael Jordan led his team with a star-studded roster consisting of the best players from the USA who played in the NBA at the time.

Years later, iconic memorabilia from the event has finally been sold at an auction. But the price it went for was not what people expected.

Michael Jordan’s iconic jacket goes up on auction

Sotheby?s is one of the world’s largest brokers of arts, jewelry, and collectibles. The jacket Michael Jordan wore for the medal-receiving ceremony during the Barcelona Olympics was put up for auction by Sotheby?s.

It was estimated by Sotheby?s that the jacket could fetch up to 3 million USD. The Reebok Windbreaker was put up on display frpm June 24 to June 28. The drama surrounding the jacket makes it a significant commodity in the history of sports. The Dream Team showcased a new level of basketball to the whole world, and this further popularized the game.

Read More: Muhammad Ali Forced Michael Jordan to Face Harsh Reality of His GOAT Status, Reveals American News Veteran

Sotheby?s estimated the jacket to go for 1 to 3 million USD. It eventually ended up being sold for 1.5 million USD. The history behind the jacket made Sotheby?s overestimate the range, but still, this does not take away the significance of the memorabilia in sporting history.

What did Jordan do to the Olympic Jacket?

All memebrs of Team USA were given the jacket. The executive director of the United States Olympic Committee, Harvey Schiller, did not allow the players to accept the medals unless they put on the jacket. But Michael was not happy to wear the jacket.

The jacket had the Reebok logo on it, and Michael’s loyalty to Nike made him not want to wear it. But when the director insisted, Michael covered his shoulder (where the Reebok logo was) with the flag of the United States. After the ceremony, he threw the jacket at Brian McIntyre, who worked at player relations at the time. Jordan had previously gotten the Gold medal in 1984 olympics.

Watch This Story: Day After Performing New Gymnastic Maneuver, LSU Gymnast Olivia Dunne Passes Varsity?s Conditioning Test With Flying Colors

Brian kept it for a few years until Michael decided to leave basketball and head to baseball. At this time, McIntyre decided to give it back to Jordan, thinking he might want it. When he gave it to Jordan, he signed it and gave it back to McIntyre. On it, it was written, To Brian, Thanks for Everything, Michael Jordan.?McIntyre kept the jacket for 29 years and decided to sell it earlier this year.