Michael Jordan's Olympic jersey fetches over $3 million at auction

Michael Jordan's jersey, which he wore while representing the United States during the 1992 Summer Olympics, fetched $3.03 million at an auction.

A jersey worn by basketball star Michael Jordan while representing the United States during the 1992 Summer Olympics was sold at auction for $3.03 million on Thursday. The auction was run by Goldin, an online collectibles marketplace.

US basketball player Michael Jordan flashes a victory sign as he stands with team mates after winning the Olympic gold in Barcelona, Spain on August 8, 1992. (REUTERS)

The US basketball team, nicknamed "The Dream Team", brought together some of the best players of all time, including Jordan, Larry Bird and Magic Johnson, when NBA players were first allowed to compete at the Olympics. The US easily won the gold medal in Barcelona.

The particular jersey worn by Jordan in the semi-final round against Lithuania was included in an auction featuring signed jerseys from all 12 members of the team.

Another jersey worn by Jordan during the opening game of the 1998 NBA Finals was sold at an auction in September for over $10 million, setting a new record as the most expensive piece of game-worn sports memorabilia in history.