Michael Jordan and the impact he had on the NBA is simply so big that over time, whatever he may have touched or been a part of only appreciates in value. A big example is the NBA itself, whose popularity ballooned thanks to His Airness’ involvement.
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Now after nearly 2 decades of retirement, MJ’s other items such as shoes, jerseys, and other memorabilia are starting to appreciate in value rapidly.
Just a few months ago, one of his game-worn jerseys sold for over $10 million. A stunning price to pay and yet people are willing to fork out such obscene amounts. The reason is that MJ’s name holds a gravitas that perhaps any other global superstar pales in comparison to.
And that is why even the simplest of memorabilia such as this one, appreciated a stunning 788% in value!
A patch belonging to Michael Jordan sells for a mammoth $840,000
Yes, a simple patch, signed by MJ and one that he wore during the 1992 All-star game just sold for close to a million Dollars.
This 1997 Upper Deck Michael Jordan Patch Auto (18/23) sold last night at @PWCCmarketplace for $840,000.
The card contains a patch from MJ’s game-worn ’92 All-Star Game jersey.
This example last sold in 2018 for $94,630.
That’s 788% total appreciation, or 68.6% annually. 🤯📈 pic.twitter.com/RsQDF7WxA5
— Dylan Dittrich (@DylanDittrich) January 20, 2023
It may sound absurd for a second but it is one of the few rare items available that MJ himself has worn and signed. As his name continues to age like fine wine and add to his legacy, the appreciation will only increase with time.
The patch itself rose in stock by 68.6% annually. That’s more than almost any listing on any index.
Also read: Kobe Bryant Once Gave Insight Into Mamba Mentality, Shared GOLDEN Words To Deal With Self-Doubt
The mania behind game-worn items and collectibles
While most fans will be happy with the fact that there are items that they can simply gain access to, there is a certain level of novelty about a game-worn item.
Be it shoes or a jersey. Knowing that your favorite player once wore it and even played in it, adds a certain amount of value that is undeniable.
If they sign it, it becomes all the more valuable. In the case of Michael Jordan, the name itself is so illustrious that anything he touched turns to gold. Is it time we call him Midas Jordan?
