Michael Jordan's 1998 NBA Finals jersey sold for over $10 million on Thursday, making it the most expensive game-worn sports memorabilia ever.
The eight-figure sum was more than double the initial estimates, setting a new auction record. Jordan wore the Chicago Bulls jersey in Game 1 of the 1998 NBA Finals.
The previous record was set earlier this year at Sotheby's, when Argentine soccer legend Diego Maradona's "Hand of God" jersey sold for a whopping $9.3 million.
Jordan's jersey was predicted to earn $3 to $5 million at Sotheby's "INVICTUS" auction, surpassing the $3.7 million spent in May for Kobe Bryant's Lakers debut jersey.
The "Last Dance" season jersey is named after the 2020 ESPN/Netflix documentary that follows Michael Jordan and the Chicago Bulls as they try to win their sixth NBA championship in eight years.
Sotheby's head of streetwear and modern collectibles, Brahm Wachter, said in a statement that the sale "solidifies Michael Jordan as the undisputed GOAT."
An auction held in October 2021 fetched a price of $1.47 million for a pair of Nike Air Ships sneakers that had been worn by Jordan.
The basketball star wore the red and white shoes to his fifth NBA game with the Chicago Bulls on November 1, 1984. It was his first season in the league.
According to Sotheby's, the shoes set a world record for a pair of sneakers at auction. They were the first sneakers to sell at auction for more than $1 million.