Record-Breaking Sale of Michael Jordan's Logoman Card Surpasses $2.9 Million

• Posted: June 1, 2024, 12:19 am
• in Sports Card News
• by bionic

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In an extraordinary display of sports memorabilia's high value, a 2003 Upper Deck Ultimate Logos autograph card of basketball legend Michael Jordan shattered previous sales records by fetching over $2.9 million at a Goldin Auctions event. This card, unique with its 1/1 designation, features a game-used NBA "Logoman" patch alongside Jordan's signature in blue ink, making it a highly coveted piece among collectors.

The journey of this card began with a modest opening bid of $200,000 on April 19, and rapidly escalated as bidders recognized its rare characteristics. After a competitive bidding process involving 38 bids, the card ultimately sold for $2.4 million late on a Saturday evening. Authenticated and graded by PSA, the card received an 'Authentic' rating and a perfect 10 for the signature, underscoring its pristine condition and exceptional rarity.

This sale not only broke the record for the highest-selling Michael Jordan card, previously set at $2.7 million for a 1997-98 Upper Deck Game-Used Jersey Jordan card, but also highlighted the immense allure and value of Jordan-related collectibles. The previous record-holder included a piece of Jordan’s jersey from the 1992 All-Star Game and was one of the early jersey cards to be incorporated into sports card packs.

Michael Jordan continues to dominate the record books, even in retirement. His memorabilia, including the most expensive sports jersey ever sold—a 1998 NBA Finals jersey fetching $10.1 million—showcases the enduring legacy and market value of items associated with the basketball icon.

The auction, termed the Goldin 'Elite 100', was a showcase of luxury in sports memorabilia sales, featuring top-tier trading cards and game-worn items. Highlights from the auction included another pair of Jordan cards—an 1986-87 Fleer rookie card and a 1997-98 Skybox Precious Metal Gems Red—selling for $292,800 and $298,900, respectively. These sales underscore the robust market and collector's interest in rare Jordan memorabilia.

Additionally, the auction featured a diverse array of sports memorabilia, including a singular graded example of an 1890-92 John Ryder Studio Cy Young cabinet card, which sold for $500,200. Other significant sales included various high-value cards like Babe Ruth's 1933 Goudey card and a unique 2017 Panini Flawless Symbolic Signatures card of Patrick Mahomes.

A particularly poignant item was the jersey worn by Kobe Bryant during the infamous game where he tore his Achilles tendon but stayed to shoot his free throws. This jersey, autographed by Bryant, sold for over $1.2 million, illustrating the profound emotional and historical significance these items hold.

Other notable items at the auction included Michael Jordan's Nike shoes from the 1985 exhibition game in Italy where he broke a backboard. These shoes, still containing a shard of glass in the sole, garnered $413,580, reflecting a dip from their last auction price in 2020.

The auction also highlighted a Mickey Mantle game-used jersey from 1957, which fetched $457,500, showing the deep-rooted nostalgia and respect for sports legends across generations. This event not only emphasized the luxury and investment potential of sports memorabilia but also celebrated the rich history and impact of these sports icons through the items they have worn or used.