LeBron James’ NBA Finals jersey is expected to fetch up to $5 million

LeBron James’ NBA Finals jersey is expected to fetch up to $5 million

LeBron James’ jersey from the Athletics’ Game 7 NBA Finals victory over the Miami Heat in 2013 is shown during a press preview at Sotheby’s auction house on Jan. 20, 2023, in the city of New York.

Angela Weiss | Afp | Getty Images

Sotheby’s is listing an iconic jersey worn by LeBron James during his Game 7 NBA Finals victory for the Miami Heat against the San Antonio Spurs in 2013.

The company expects the jersey to sell for between $3 million and $5 million at the online auction, making it one of the most valuable jerseys of all time, according to a press release. The shirt, which he wore in the first half, is said to be James’ most valuable item to go up for sale.

The jersey commemorates James’ first appearance in Game 7 of the NBA Finals, which was one of the most significant performances of his career. The matchup against the San Antonio Spurs received the highest number of points of any Game 7 winning performance in NBA Finals history, Sotheby’s said in the release. The company added that the jersey also commemorates James’ back-to-back championships and NBA Finals MVP awards with the Miami Heat. James is one of only six players in NBA history to receive back-to-back NBA Finals MVP awards.

James’ shirt will be displayed as part of Sotheby’s new cross-category sale, “The One,” which showcases objects from ancient civilizations as well as antique items related to fashion and entertainment, according to the press release.

The inaugural live auction will take place in New York on January 27.

“As LeBron is poised to surpass Kareem Abdul-Jabbar as the NBA’s all-time leading scorer, it is important to offer a defining object in LeBron’s career that many attribute as the legacy-defining milestone that he start the comparison between him and Michael Jordan as the greatest player of all time,” Brahm Wachter, Sotheby’s head of streetwear and modern collectibles, said in the statement.

Retail investors have it expanded into sports collectibles markets diversify their assets amid the uncertainty of traditional investment markets.

Sotheby’s has entered the sports memorabilia space in recent years and currently holds the record for any game-worn sports memorabilia item after being sold. Michael Jordan1998’s “Last Dance” T-shirt for $10.1 million in September, according to the press release. The shirt beat the previous record of Diego Maradona’s “Hand of God” shirt, which sold for $9.3 million.

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