Saturday, August 13th, 2022

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CHICAGO — Michael Jordan appears to still be at the top of his game. At least when it comes to drawing top dollar for anything attached to His Airness’ NBA career.

A New Jersey auction house announced this week that a signed basketball card that included a piece of a game-worn jersey from the former Chicago Bulls star fetched a cool $2.7 million. The sale shatters the former record for a Jordan card by $600,000, Goldin Auctions announced.

The card — a 1997-98 Upper Deck jersey worn card, was also autographed by Jordan, who is widely considered to be the greatest player in NBA history. The card includes a mesh piece of an All-Star jersey worn by Jordan during his run with the Bulls, which included six NBA championships.

The card graded out at an 8 near-mint while the signature on the card graded out at an 8, according to ESPN. Goldin Auctions founder Ken Goldin told ESPN that the Upper Deck card is considered more valuable that the 1986-87 Fleer rookie card that was once considered the gold standard in Jordan collectables.

ESPN reported that Jordan cards have increased 370 percent on eBay after ESPN released its 10-part documentary “The Last Dance” in the summer of 2020.

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Michael Osacky, a Chicago-based sports merchandise appraiser, told Patch on Tuesday that the same signed Jordan card sold at auction eight months ago for $1.4 million. That card graded slightly slower at a 7 near-mint, but even with the latest card being sold in slightly better condition, the sales price nearly doubled in eight months.

Osacky attributes the bump to more investors and hedge funds seeing this sports memorabilia market as an asset class. He said this particular Jordan card could be worth $5 million in three to five years.

Jordan’s presence certainly doesn’t hurt.

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“MJ is the not only the GOAT but potentially the best of all GOAT’s,” Osacky, the president of Baseball In the Attic and lead appraiser for PSA said. “MJ is collected worldwide and his cards are akin to blue chip stocks . They always go up.”

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