Michael Jordan's Dream Team Jersey worth a Bundle
The shirt in question was once considered one of the Holy Grails of sports memorabelia- Michael Jordan's game worn jersey from the 1992 Olympic "Dream Team" US basketball team. Complete with what was considered an undisputable provenance and a Michael Jordan signature, the jersey had originally been donated to a Ronald MacDonald charity auction, where it brought $19,500. Four years later, in a Christie's sports auction, it went for $60,000. To add to its distinction, it was part of an exhibit at Chicago's Museum of Science and Industry in 2001.
How to Turn $50,000 into $2,000
Its most recent owner consigned it to a Robert Edward Auction, and this is where the shirt went south. According to Antique Week, Robert Edwards Auctions sent it to a sports authenticator whose research determined that while the jersey had belonged to Michael Jordan, based on the photographic record, there was no evidence that it was game used. The authenticators at MEARS (Memorabelia Evaluation and Research Services) said that based on the evidence, the shirt was never game worn, although it was possible that it had been worn in practice, adding that this was pure speculation.