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Karl Malone’s ‘1992 Dream Team’ collection nets for $5 million

Utah Jazz legend Karl Malone just netted at least $5 million after auctioning his ‘1992 Dream Team’ collection that’s compose of the game-used jerseys and sneakers from all 12 members of 1992 Summer Olympics USA Basketball. The auction ended last May 25th 2023 and the value of the whole collection is more than $5 million.

All the jerseys and sneakers are signed and inscribed by each member of the 1992 Dream Team. A large amount of the proceeds came from Michael Jordan’s jersey and shoes worth $3,030,000 and $420,000, respectively. Karl Malone’s jersey fetch $58,800, while his shoes for $43,200. Next to Jordan, Larry Bird’s game-worn jersey and shoes were sold for $360,000, while the pair of game-used sneakers sold for $91,200.

The 1992 Summer Olympics USA Basketball “Dream Team” is composed some of the greatest basketball player to ever play the game winning each of their games by an average of 40 points margin.

Malone had the ‘1992 Dream Team’ collection on display in one of his car dealerships in Utah and was featured on Netflix’s “King of Collectibles: The Goldin Touch.” with Goldin’s executive chairman and founder Ken Goldin.