Michael Jordan ‘Last Dance’ jersey sells for $14 million. Only Babe Ruth’s ‘called shot’ jersey has fetched more

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An autographed Chicago Bulls jersey worn by Michael Jordan during Game 2 of the 1998 NBA Finals was privately sold to a Miami real estate investor for $14 million, an auction house announced Monday. The price is believed to be the highest ever paid for basketball memorabilia.

A game-worn red road jersey was purchased by Ron Firman, according to Philadelphia-based Hunt Auctions. Jordan wore it June 5, 1998, while scoring 37 points in the Bulls’ victory over the Utah Jazz. The Bulls went on to win the series in six games, giving Jordan his sixth and final championship.

This is the third Jordan jersey from the 1998 Finals that has sold for more than $10 million. Jordan’s Game 3 white home jersey was auctioned in September for $12.26 million and his Game 1 red road jersey was sold at auction for $10.09 million in 2022.

“While Michael Jordan’s importance within the sports memorabilia marketplace has long been established, it has now escalated to an elite asset class more typically reserved for iconic works of art,” said David Hunt, president of Hunt Auctions, in a statement.

Firman’s X account describes him as a “Commercial Real Estate Co. Principal. Partner in private co. who’s trading is comparable to a hedge fund’s. Rare Vintage Sports Memorabilia Collector.”

Babe Ruth’s Yankees jersey from his ‘called shot’ home run in the 1932 World Series sells for $24 million, becoming the most valuable piece of sports memorabilia.

His most recent post came Nov. 29, 2022, and features a signed photo of Joe DiMaggio belting a single in the seventh inning of the 42st consecutive game he recorded a hit in 1941, setting an American League record. DiMaggio extended the streak to 56 games, a Major League record that still stands.

Firman also recently set a record by spending $3 million for a 1951 Mickey Mantle first-generation photo used as the basis for Mantle’s celebrated 1952 Topps rookie card. Now Firman owns another piece of legendary memorabilia. The Bulls’ 1997-98 season was the subject of the “Last Dance” documentary series released in 2020.

“Michael Jordan was an incredibly talented player who is admired around the world,” Firman said in a statement distributed by Hunt Auctions. “I’m very excited about the purchase.”

The only game-worn jersey publicly to fetch more than $14 million was worn by Babe Ruth when he supposedly called his shot before hitting a home run against the Chicago Cubs at Wrigley Field in Game 3 of the 1932 World Series. That jersey sold for $24.12 million in 2024 at Heritage Auctions, setting a world record for the most expensive piece of sports memorabilia. It appreciated more than 25 times from the $940,000 it went for in 2005.

“In our opinion, and 36 years of market experience, Babe Ruth and Michael Jordan stand above all others in the history of American sports,” Hunt said. “The record-setting price achieved for the related Michael Jordan jersey is yet another corroborative result as to the significance of Jordan within the industry and popular culture.”

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Steve Henson is a breaking news and enterprise reporter at the Los Angeles Times. He previously served as an editor and reporter in the Sports department. Henson was a leader in digital-only newsrooms from 2007-19 as a senior editor and columnist at Yahoo Sports and as senior editor at the USA Today Sports Media Group. This is his second stint at The Times, having covered the Dodgers and UCLA as well as doing enterprise, investigative and features writing from 1985-2007.