Game-Used 1992 "Dream Team" Jersey Worn by Michael Jordan Sells for $216,000

LOS ANGELES, April 19, 2020 – A United States Men’s Basketball jersey won by Michael Jordan as a member of the legendary "Dream Team" that won the Gold Medal at the 1992 Summer Olympics sold tonight for $216,000 at Robert Edward Auctions. The jersey set a record price for a 1990s Jordan jersey and is the second highest auction price for a Jordan jersey ever.

Robert Edward Auctions President Brian Dwyer said, "Michael Jordan is arguably the most iconic athlete of all-time, winning six NBA titles and two Olympic Gold medals. Collectors relished a rare opportunity to own Jordan's jersey from the 1992 Dream Team - the greatest basketball team ever assembled."

Jordan inscribed the jersey with a black Sharpie on the right breast "Best Wishes/Michael Jordan." This jersey was first purchased in September 1992 at a special gala charity auction conducted by The Michael Jordan Foundation and it is accompanied by a copy of the original auction invoice, which describes the jersey as a "Michael Jordan autographed Dream Team Jersey. Official game-worn jersey from the 1992 Summer Olympics." The price paid was a then-staggering $17,500 (which, as noted, was for charity with this jersey provided personally by Jordan and all proceeds benefiting The Michael Jordan Foundation).

This is one of only a few Michael Jordan 1992 Olympics game-worn "Dream Team" jerseys Robert Edward Auctions has ever seen, and one of three originating directly from the Michael Jordan Foundation. The offered jersey last appeared at public auction as Lot 1040 in Robert Edward Auctions Spring 2013 sale, where it realized $53,325. (At the time, it had been consigned directly from the purchaser at the 1992 charity auction.) It has been consigned to this auction directly from the purchaser in Robert Edward Auctions 2013 auction. It should also be noted that since this jersey was originally purchased in September 1992 (very shortly after the Olympics) it is almost certainly the first Jordan game-worn Olympics jersey ever released by The Michael Jordan Foundation.

The white mesh jersey is lettered "USA Basketball" on the front and "Jordan" on the reverse. The number "9" appears on both the front and reverse. Research indicates that this style jersey was worn by the 1992 Men's Olympic Basketball Team in games against Argentina, Lithuania, and Canada, and in the Gold Medal game against Croatia.

The 1992 U.S. men's Olympic basketball team, nicknamed "The Dream Team," is considered by many to be the greatest team ever assembled, in any sport. In addition to Jordan, who is universally regarded as the finest player ever to set foot on the hardwood, the team's roster also boasted Magic Johnson, Larry Bird, Charles Barkley, David Robinson, Patrick Ewing, Karl Malone, Scottie Pippen, Chris Mullin, Clyde Drexler, John Stockton, and collegiate standout Christian Laettner. Never before, or since, has such an assemblage of basketball talent been brought together as a single unit and the formation of the team at the time became something of a cultural phenomenon. The team dominated play during the Olympics, easily winning the Gold Medal while defeating their opponents by an average margin of forty-four points. Today, the success of the Dream Team is often credited with having had a drastic impact on the increasing popularity of basketball worldwide.

Additional information on the jersey can be found at: https://bid.robertedwardauctions.com/bids/bidplace?itemid=64658

Bidding on the jersey began at $25,000.

About Robert Edward Auctions

Robert Edward Auctions is one of the world's largest specialty auction houses devoted exclusively to sale of sportscards, memorabilia, and Americana. With more than $100,000,000 worth of collectibles sold in the last decade, Robert Edward Auctions is a respected industry leader known for delivering high-quality items to auction and achieving world-record prices with an unparalleled reputation for honesty and integrity in its practices. Notable sales include $1,320,000 for a 1909-1911 T206 Honus Wagner (PSA 3), $600,000 for a 1916 Babe Ruth rookie card (PSA 7), $276,000 for Jackie Robinson's 1949 Brooklyn Dodgers contract, $142,200 for Carlton Fisk's iconic 1975 World Series Game 6 home run ball, and $100,725 for Muhammad Ali's "Rumble in the Jungle" fight worn shoes. A free 720-page catalog for the auction is available at www.RobertEdwardAuctions.com.

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