A Michael Jordan game-worn jersey from the 1998 NBA Finals sold for $12.5 million to a private collector — the highest price ever paid for a team-signed piece of sports memorabilia.

The jersey, worn during the series-clinching Game 6, carries the signatures of all 15 players and coaching staff from the Bulls' sixth championship team, including Jordan, Scottie Pippen, Dennis Rodman, Toni Kukoc and coach Phil Jackson. It represents the culmination of the Bulls' second three-peat, one of the defining runs in NBA history.

The item's provenance is airtight. MeiGray Group authenticated it as game-worn, and PSA/DNA verified the signatures. Only a handful of pieces exist with that level of documentation, which is precisely what drives valuations to this level.

The sports memorabilia market keeps climbing. High-value artifacts with clear historical significance and verified authenticity are attracting serious capital — this is no longer just collecting. It is a full investment class for wealthy individuals and institutions.

The $12.5 million price reflects the enduring pull of the 1990s Bulls dynasty and Jordan's singular status in the sport. For items tied to true legends and historic moments, demand shows no sign of cooling.