Michael Jordan Memorabilia Fetches $8.5 Million at Sotheby's Auction

The auction featured iconic items from Jordan's career, including a 1996-97 Bulls jersey that sold for $4.7 million.

The 1996-97 Bulls jersey, worn by Jordan during key games, was the most expensive item, selling for $4.7 million.
A 1992 Olympic flag, used by Jordan to cover a Reebok logo, sold for $1.8 million and was signed by Dream Team members.
Jordan's 1988-89 season home jersey, considered a rare find, sold for nearly $1.1 million.
A 1998 playoff jersey from 'The Last Dance' season sold for $840,000.
Jordan's University of North Carolina practice jersey and signed sneakers sold for $132,000.