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14 Jun

Sotheby’s to Host Largest Sports Memorabilia Auction

Sotheby’s to Host Largest Sports Memorabilia Auction

Sotheby’s is gearing up for its largest sports memorabilia auction thus far, offering coveted items from the sports world’s biggest athletes. 

The auction house will likely be hosting its “Sports Memorabilia: Part II” two-part curated auction June 20 to twenty-eight, with a public exhibition scheduled for June 24 to twenty-eight. The gathering offers roughly 50 items from athletes akin to Michael Jordan, LeBron James, Muhammad Ali, Derek Jeter, Rafael Nadal and others. Your entire collection is estimated to sell from $960,000 to $1.6 million. 

The primary a part of Sotheby’s sports memorabilia auction kicked off last month with Jordan’s 1992 Summer Olympics Reebok Jacket, which is up for auction through June 28 and is anticipated to sell from $1 million to $3 million.

“Things from Michael Jordan’s 1992 ‘Dream Team’ Olympic run are super coveted,” said Brahm Wachter, Sotheby’s head of streetwear and modern collectibles. “We saw a competitive auction house to us recently auction a Michael Jordan jersey from the semi-finals that went for $3 million, so to have two of these things at Sotheby’s, we’re super enthusiastic about it.” 

Along with Jordan’s Reebok jacket, Sotheby’s upcoming auction can even offer Jordan’s worn and signed 1992 Olympic “Dream Team” Air Jordan VII sneakers, that are estimated to sell for $100,000 to $300,000.

Other standout items include James’ 2004 Cleveland Cavaliers Rookie Yr game-worn Nike sneakers, that are estimated to sell for $150,000 to $200,000, and Ali’s 1972 fight-worn Everlast trunks, that are estimated to sell for $70,000 to $90,000.

Muhammad Ali’s 1972 fight-worn Everlast trunks.

Courtesy of Sotheby’s

Ali’s trunks, which the boxer wore through the 1972 NABF Heavyweight Title match against George Chuvalo, is Sotheby’s first fight-worn item from Ali.

Wachter explained that one in all the largest trends he’s seeing amongst Sotheby’s sports memorabilia clients is that there’s growing interest for items from pivotal sports moments, akin to from Jordan’s 1992 Summer Olympics.

“What we’ve noticed is that even when you’ve gotten an athlete with a traditional jersey, it could be value like $5,000, but when that specific athlete did one thing of their profession that was super memorable, you possibly can see those things skyrocket in value,” he said.

Wachter also noted that sports memorabilia has been a growth marketplace for Sotheby’s lately.

“It’s a market of people who find themselves super keen about what they collect,” he said. “We now have clients who’re unbelievable sports fanatics. In some ways, this market has existed for an incredibly very long time and we’re form of taking note and saying that this can be a market we wish to be involved in and we predict it’s growing exponentially. The values are growing and the variety of people who find themselves in it are also growing.”  

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