Get All Access for $5/mo

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.

Editor's Pick

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Looking for a Remote Job? Here Are the Most In-Demand Skills to Have on Your Resume, According to Employers.

Employers are looking for interpersonal skills like teamwork as well as specific coding skills.

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.