Michael Jordan's 1998 Finals jersey sells for record $12.3 million

The black Chicago Bulls jersey, worn during the 1998 NBA Finals that culminated in the Bulls' sixth championship in eight years, achieved the unprecedented price at auction. The sale marks a significant milestone in the sports memorabilia market, reflecting the enduring global fascination with Jordan's career and legacy.

The 1998 season holds special significance in basketball history as Jordan's final campaign with the Bulls before his initial retirement. That Finals series, won by Chicago over the Utah Jazz in six games, featured Jordan's iconic game-winning shot in Game 6 and secured the team's second "three-peat."

Jordan memorabilia has long commanded premium prices in the collectors' market, with his championship-era items proving particularly valuable. The record sale underscores the continued investment appetite for authentic artifacts from one of basketball's most celebrated players and pivotal moments in NBA history.

The auction result demonstrates how sports collectibles, particularly those tied to championship seasons and legendary performances, have become increasingly sought-after assets among wealthy collectors and institutions worldwide.