India Breaking News reported Michael Jordan 1992 Olympics Jersey Up for Auction, that a training jersey worn by Michael Jordan during the preparations for the 1992 Olympics is set to be auctioned off in Los Angeles in June. The jersey, marked by sweat stains and adorned with the colors red, white, and blue alongside “USA Basketball” on the front, is expected to fetch between $400,000 and $600,000.

training jersey of Michael Jordans 1992

This piece of sports history is part of the “Legends of Sports” collection, which includes a range of other sports memorabilia and collectibles. The auction, happening between June 23-25, features items from renowned athletes like Michael Jordan, Larry Bird, and Magic Johnson, who were part of the “Dream Team.” This team was the first to include NBA players in the Olympics, where they achieved a commanding victory in Barcelona, securing the gold medal.

The auction of Jordan’s jersey will contribute to raising funds for a health center dedicated to women and children in Nairobi, Kenya. Cody Frederick, the gallery director at Julien’s Auctions, confirmed that all proceeds would go towards this charitable cause. The auction will also feature memorabilia from other iconic sports figures such as Pelé, Kobe Bryant, Floyd Mayweather, Diego Maradona, Babe Ruth, and Rafael Nadal.

In a recent related event, a jersey Michael Jordan wore during the 1992 Summer Olympics fetched a remarkable $3.03 million in an auction conducted by Goldin. The auction featured jerseys signed by all 12 members of the Dream Team, including the one Jordan wore in the semifinal against Lithuania.

Another notable auction occurred last September, where a jersey Jordan wore in the opening game of the 1998 NBA Finals sold for over $10 million, setting a record for the most expensive piece of game-used sports memorabilia ever sold. This record surpassed the previous one held by Diego Maradona’s “Hand of God” jersey, which sold for $9.3 million earlier in the year.

Michael Jordans Sold training jersey

Bram Wachter, from Sotheby’s, highlighted the immense anticipation and enthusiasm from sports fans and collectors leading up to the auctions, emphasizing their eagerness to own such historically significant items. This surge in interest further cements Michael Jordan’s legacy as one of the greatest sports figures of all time, nearly a quarter-century after his peak career moments.

The jersey from the “INVICTUS” auction by Sotheby’s was initially projected to attract bids of $3 million to $5 million. It exceeded expectations, surpassing the previous record set by a Kobe Bryant jersey sold earlier. In addition to the record-breaking sale, another Kobe Bryant jersey from his MVP season in 2007-2008 fetched $5.8 million, becoming the second most expensive basketball jersey ever sold.

This wealth of auctions and record-setting sales underscores the continued global impact and reverence held for these sports legends, whose memorabilia continues to attract significant attention and command high prices in the collectibles market.