Michael Jordan’s 1992 Olympic Dream Team jacket up for auction – NBC10 Philadelphia

Michael Jordan’s Olympic Dream Team jacket is up for auction originally appeared on NBC Sports Chicago

A memorabilia of the best player from the best basketball team of all time was auctioned.

Sotheby’s is auctioning off Michael Jordan’s jacket from the gold medal ceremony at the 1992 Barcelona Olympics.

At the time of writing, there is a bid for $750,000. Sotheby’s estimates the jacket will fetch between $1 million and $3 million and the auction will run until June 28.

Jordan wore the jacket to the medal stand after the Dream Team had an undefeated run through the men’s Olympic basketball tournament, though not without controversy. Jordan was a Nike athlete in his first decade, but the jacket was made by Reebok. Instead of giving the competitor an extra spotlight, Jordan slung an American flag over his shoulder to cover up the Reebok logo.

Brian McIntyre, who used to work in the NBA’s communications department before becoming an advisor to league commissioner David Stern, has owned the jacket since the moment Jordan took it off. He says Jordan took off the jacket when he got off the medal stand and threw it at him.

“[Jordan] said, ‘There’s no way I want it,'” McIntyre said The Associated Press.

McIntyre said Jordan was made aware that the jacket, which features a personalized message from Jordan, would be up for auction.

Jordanian memorabilia have sold at staggering prices over the last year. Last September, his game-worn jersey from Game 1 of the 1998 NBA Finals was sold for $1.5 million a record-breaking $10.091 million. Last month, a pair of Jordan 13s he wore during the same series sold for $2.2 million and became the most expensive shoes ever sold.