Karl Malone Nets $5M After Auctioning Off All 12 1992 Olympics Dream Team Jerseys

Karl Malone Nets $5M After Auctioning Off All 12 1992 Olympics Dream Team Jerseys

Former Utah Jazz legend Karl Malone just made a killing on some things he picked up about 30 years ago.

According to The Basketball Network, the NBA Hall of Fame basketball player was a member of the infamous 1992 Olympic basketball Dream Team. He has recently gained $5 million after auctioning off 24 of the items collected during the XXV Olympics in Barcelona.

Although the items that were collected were his, he credited his wife for getting the basketball jerseys that had the most value at the auction. The jerseys they obtained were signed by all 12 members of the storied Olympic team. That was the first year that the United States allowed professional players to participate in the Olympics for the USA basketball team. Previously, only amateur college players have represented the country until that point.

Ken Goldin posted a video clip showing Malone speaking about how he got the Dream Team jerseys that were auctioned via Goldin.com

 

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“Well, as much as I would like to take the credit after we opened it up for the families, jerseys were just kind of laying on the floor,” Malone said when he appeared on Netflix’s King of Collectibles: The Goldin Touch. “My wife just started going up, picking up the jerseys, and that’s how it happened. So, I can’t take all the credit.”

The highest-paid total for a jersey that belonged to Michael Jordan was sold for $3.03 million. His jersey was the only one that sold for over one million.

The remaining jerseys were sold as follows with the player associated with them.

Larry Bird ($360,000)

Magic Johnson ($336,000)

Charles Barkley ($230,400)

David Robinson ($116,400)

Clyde Drexler ($91,200)

Scottie Pippen ($80,400)

Malone ($58,800)

John Stockton ($55,200)

Patrick Ewing ($39,600)

Christian Laettner ($39,600) (the only college player on the team)

Chris Mullin ($37,200)

Karl Malone Nets $5M After Auctioning Off All 12 1992 Olympics Dream Team Jerseys

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