Grey Flannel break records with sports memorabilia auction

paulfrasercollectibles

2015-06-26 12:58:50

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Grey Flannel break records with sports memorabilia auction

Michael Jordan's 1991 All-Star jersey led at $55,000 among Hall of Famers

Those that voted in our online poll were right - Michael Jordan's All-Star jersey beat Magic Johnson's in a New York auction on September 7.

Both jerseys shared the same $25,000-37,500 estimate, but Michael Jordan provided the auction's buzzer beater, topping Magic Johnson by just $2,500. Both originating from the 1991 All-Star game, Magic Johnson's Western Conference shirt made $52,500, while Michael Jordan's Eastern jerseywowed the crowd at $55,000.

However, both were outstripped by the 1973 Nate "Tiny" Archibald complete Western Conference uniform, including sneakers, which sold for an impressive $65,000 against an extremely conservative 3,750 estimate. The sale represents a 1633.3% increase onthe initial valuation.

Despite these excellent results, none of the game-wornjerseys could top the sale price of Walter Davis' 1976 Olympic gold medal, which soared to $90,000. The medal was expected to make $15,000, but patriotic bidders urged an increase of 500% to make it the auction's highest-selling item.

Following a humiliating defeat at the hands of the Soviet Union in 1972 -in the midst of the cold war -the previously unbeaten USA team returned to the 1976 Olympics ready for a re-match and hungry for victory. Unfortunately, this anticipated game was never to be, as Yugoslavia won a marginal victory against the Soviets in the semi-finals.

Still keen to regain their title as the world champions and eager to impress coach Dean Smith, the University of North Carolina-based team led a stunning 95-76 victory at the final. Hardly challenged by the Yugoslavians, the USA confirmed that once again, when it comes to basketball, they rule the world.

Sign up to our free weekly newsletter for more of the latest from sports memorabilia collecting. We also have some great items available in our online store, including a signed photo of the Olympic man of the moment, Usain Bolt.

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