Michael Jordan's flag from the Dream Team Olympic medal ceremony sold at auction for $1.8 million

The American flag that Michael Jordan used to cover a Reebok logo on the medal stand at the 1992 Olympics sold at auction for $1.8 million.

The flag was one of the items in Sotheby's Colossal | The “Ultimate Jordan Collection” online auction, which ran from October 23rd to Monday.

There were seven late bids when the sale ended at 4 p.m. ET, bringing the total number of bids to 45, according to Sotheby's.

According to Sotheby's, the flag was signed by all 12 members of the Dream Team.

In June 2023, the jacket that Jordan wore on the medal podium at the Barcelona Olympics in 1992, featuring the Reebok logo, was sold for $1.512 million.

Jordan was sponsored by Nike throughout his professional career and was therefore reluctant to display a competitor's logo on the Olympic podium.

Reebok sponsored the US Olympic team, so its logo was featured on the podium ceremony jackets for athletes in all sports.

In an episode of “The Last Dance,” Jordan was filmed driving in a car in Barcelona, ​​teasing that he had a big surprise in store for the Olympic medal ceremony.

“(USOPC Executive Director Harvey Schiller) said if we don't wear our uniforms, we can't accept our gold medal and all that stuff,” Jordan said.

He ended up hanging an American flag over his right shoulder, hiding the Reebok logo on the jacket.

Other players also carried flags or zipped up their jackets, hiding the Reebok logo.