Join our Waitlist for Expert Advice!

Michael Jordan's Autographed Air Jordans From the 1998 NBA Finals Just Sold for $2.2 Million at Auction The story of Michael Jordan's iconic deal with Nike is currently being depicted on-screen in the movie "Air."

By Sam Silverman

Opinions expressed by Entrepreneur contributors are their own.

TIMOTHY A. CLARY | AFP | Getty Images
Michael Jordans 1998 NBA Finals Air Jordan XIIIs sneakers are displayed during a press preview in New York on April 6, 2023 at Sothebys for auction.

Bidders went wild for the kicks Michael Jordan sported while repping the Chicago Bulls at the 1998 NBA finals.

The black-and-red Nike Air Jordan XIII sneakers, which Jordan wore during Game 2 against the Utah Jazz in his "Last Dance" season with the Bulls, went up for auction on April 3 and sold for $2,238,000 on April 11, according to Sotheby's.

Featuring Jordan's signature in silver ink on the toe of each shoe, the sneakers are in "immaculate condition," according to the auction house. Additionally, the shoes are the only complete pair of sneakers Jordan wore from any of his six NBA Finals to be photo matched and authenticated by MeiGray Group, the official authenticator of the NBA.

RELATED: Billionaire Michael Jordan Donates Record-Breaking $10 Million to Make-A-Wish Foundation

Jordan wore the sneakers when the Chicago Bulls beat the Utah Jazz with a score of 93 to 88. Jordan scored 37 points in the second half alone. According to the auction house, Jordan immediately gave the shoes to an employee in charge of setting up the visitors' locker room — the same person who had found Jordan's lost jacket earlier that day. He allegedly signed the shoes and gave them to the employee after the game as a thank-you.

The sale of the shoes follows several impressive Jordan items that sold at auction, including a jersey that sold for $10.1 million.

RELATED: Michael Jordan's Jersey Breaks Sports Memorabilia Record with $10.1 Million Sale

The auction coincides with the release of the new movie "Air," which is about Jordan's legendary deal with Nike to create his signature shoe.

The deal, which was originally worth $2.5 million, has been lucrative. According to Nike CFO Matt Friend, Jordans generated approximately $5 billion in revenue in fiscal 2022, making it the brand's "biggest year ever, with epic growth potential ahead," he said during an earnings call according to a transcript obtained by Fox Business.

Sam Silverman

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

These 3 Common Business Mistakes Could Cost You Customers

Avoid these three major business blunders to build customer trust for the long haul.

Business News

Google's CEO Says AI Is Now Responsible for 25% of 'All New Code' Created at the Company

Google CEO Sundar Pichai said engineers are moving faster because of AI.

Growing a Business

3 Steps to Take to Successfully Pivot Your Company and Skyrocket Revenue

Embracing agility, transparency, and client feedback allowed my pharmacy startup to pivot successfully and achieve sustainable growth.

Starting a Business

I Quit My Corporate Job to Start a Business. Here's How I Went From Having $35,000 Credit Card Debt to Making $4 Million.

Courtney Allen, founder and CEO of presentation design agency 16x9, "recklessly" left corporate life behind in 2015 to pursue entrepreneurship.

Living

These Are the 10 Best U.S. Cities for Renters — and the 5 Worst

A new survey found some cities in the Midwest were more affordable for renters.

Business News

A Billionaire Founder Admits He Had 'Horrible Habits' — Then He Started a Morning Routine That 'Transformed' His Life

Kind Snacks founder Daniel Lubetzky used to go to sleep at 2 a.m. and skip his morning workout.