Michael Jordan's 'Last Dance' Jersey Sells for Record $12.3M at Auction

A jersey worn by basketball legend Michael Jordan during the 1998 NBA Finals has sold for $12.3 million, setting a new world record for any piece of Jordan memorabilia. The sale, which took place at a Sotheby's auction in New York on Thursday, far exceeded pre-sale estimates of $3-5 million.

The jersey, worn by Jordan during Game 1 of the 1998 Finals against the Utah Jazz, is from the season chronicled in the hit documentary 'The Last Dance.' The previous record for a Jordan jersey was $10.1 million, set in 2022. The buyer has not been identified. Sotheby's described the sale as clear evidence of Jordan's enduring global appeal and the surging demand for sports collectibles.

The record-breaking sale underscores the booming market for sports memorabilia, which has seen prices skyrocket in recent years. It also further cements Jordan's status as one of the most iconic athletes in history. Experts suggest that the market for high-end sports collectibles may continue to grow, driven by wealthy investors and passionate fans alike.