Sotheby's is selling Kobe Bryant's MVP season jersey.
Source: Sotheby's
An iconic piece of Kobe Bryant memorabilia is hitting the auction block, and it's expected to be his most valuable item ever to go up for sale.
Sotheby's is listing a Kobe Bryant jersey, worn in 25 games during his 2007-2008 MVP season. The company said it expects the jersey to sell for between $5 million and $7 million in the online auction.
Images of Bryant in the jersey have garnered worldwide recognition since the basketball star's sudden death three years ago.
"To have this jersey from that iconic moment is not only really special, but it has also served as this point of inspiration all over the world of Kobe in this jersey," Brahm Wachter, Sotheby's head of streetwear and modern collectibles, told CNBC.
The jersey appears in iconic photos and murals of the late basketball star.
Source: Sotheby's
The now-famous image of Bryant was taken April 23, 2008, in Game 2 of the Western Conference series. With 5 minutes and 22 seconds remaining, Bryant sank a three-pointer securing a 14-point lead for the Los Angeles Lakers. The image from that moment of the basketball star screaming with glee and pulling at his No. 24 jersey is known the world over, commemorating his only MVP season.
Bryant wore the jersey in 25 games over an eight-month period, in which he averaged 25.8 points per game, Wachter said.
Since the five-time NBA champion's untimely death in a helicopter crash in January 2020, Bryant memorabilia has seen strong demand, with sales rivaling another legend — Michael Jordan.
Sotheby's made headlines in September for selling Michael Jordan's 1998 "Last Dance" jersey for $10.1 million, a record-breaking auction. But before that, a Jordan jersey from his professional career had yet to surpass $1 million.
Meanwhile, Bryant jerseys have previously sold for $3.69 million in 2021, the existing record for a piece of the late player's memorabilia, and $2.7 million in June 2022.
"Kobe is someone who doesn't just inspire basketball players, he inspires other athletes, he inspires executives and business people. It's somebody that touches a lot of different people and so in that sense, I think perhaps he's one of the strongest markets, period," Wachter said.
Many investors have turned to the sports collectible markets in recent years as a way to diversify assets amid turmoil in traditional investing markets.
Sotheby's said demand for sports artifacts remains strong and that it's seen a number of private transactions at high levels.
Bidding for the jersey begins online Feb. 2 and lasts until Feb. 9.
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https://www.cnbc.com/2023/01/12/kobe-bryant-jersey-up-for-auction-expected-to-fetch-up-to-7-million.html
By: unknown
Title: Iconic Kobe Bryant jersey up for auction, expected to fetch up to $7 million
Sourced From: www.cnbc.com/2023/01/12/kobe-bryant-jersey-up-for-auction-expected-to-fetch-up-to-7-million.html
Published Date: 01-12-2023
Frequently Asked Questions
What is a technical foul vs. a flagrant foul in the NBA?
A technical foul is an offense in the NBA for being unsportsmanlike. It can be argued with officials, excessive celebrations or other such behavior. A technical foul will result in one free shot and the opposing side will be given possession of the ball.
A flagrant foul refers to a player who makes abusive or violent contact against another player. This results in the loss of possession of the ball and two free throws for the opposing team. Flagrant one and flagrant two are the two types of flagrant fouls. Flagrant one is less severe than Flagrant two and does not result in an ejection from the game.
A personal foul refers to any contact that is illegal between two players. This usually refers to illegal hand-checking, pushing, pushing, or tripping an opponent. Personal fouls can result in the loss of possession of the ball and free throw attempts for the opposing side. Personal fouls are not the same as flagrant or technical fouls. However, they can be a sign of unsportsmanlike behavior.
All fouls are allowed in the NBA. They can result either in free throw attempts, or the possession of the ball by the opposing team. The intent behind each foul and the severity are the key to determining the difference between technical fouls or flagrant or personal fouls.
How long does it take you to become a NBA star?
To truly become a professional NBA superstar, you must put in a great deal of time and effort. Becoming an NBA star requires years of hard work, physical conditioning, and skill development. The average player spends between three and five year in college to perfect their skills before being eligible for the draft. Once drafted, players must continue to excel in the NBA, earn a starting spot on their team, and make All-Star teams or MVP awards. For this to happen, you need more guidance and coaching from coaches and trainers. The ultimate goal of becoming a NBA superstar is not possible in a few short years. To achieve such honors, you need to be committed, dedicated, and patient. With the right mindset and determination, however, anyone can reach their goals and become an NBA superstar!
What is a Bird Rights in NBA?
"Bird rights", in the NBA, refers to a system that allows certain players to be resigned by their current teams for more money than any other. The rule was named after Larry Bird, a former Boston Celtics player who was the first one to take advantage of it. If a player has been on the team's roster for more than three years, the salary cap limit can be exceeded to allow a team to sign another player. Bird rights allow players who are not currently with the team to retain their status and earn a higher salary than what they would get from any other teams.
Who did the first basket in NBA basketball?
Ossie Schectman (American professional basketball player) was the one who scored the first basket for the Basketball Association of America (BAA), later becoming the National Basketball Association (NBA). The Toronto Huskies played the New York Knickerbockers on November 1, 1946. Schectman's historic inaugural basket opened up the BAA’s inaugural season.
Statistics
- As of 2014, 45 percent of its viewers were black, while 40 percent were white, making it the only top North American sport that does not have a white majority audience.[102]As of 2017Democrats than Republicans.[103]Outside (en.wikipedia.org)
- Williams would 'likely' accept a deal worth $14-15M/year; Celtics are 'unlikely' to offer such a deal (HoopsHype) (bleacherreport.com)
- The opening game of the 2020 Finals between the Los Angeles Lakers and Miami Heat brought in only 7.41 million viewers to ABC, according to The Hollywood Reporter. (en.wikipedia.org)
- The 2013–14 season opened with 92 international players on the opening night rosters, representing 39 countries and over 20 percent of the league. (en.wikipedia.org)
- "NBA first-round ratings drop 27 percent, 40 percent since 2017–18". (en.wikipedia.org)
External Links
basketball-reference.com
- Thomas Bryant Stats, Height, Weight, Position, Draft Status and more | Basketball-Reference.com
- Dennis Schroder Stats, Height, Weight, Position, Draft Status and more | Basketball-Reference.com
sports.yahoo.com
- Yahoo Mail, Weather, Search & Videos
- The lowest ever recorded viewership for Game 1 of the NBA Finals is seen in ratings history
si.com
bleacherreport.com
How To
How do you buy a NBA Jersey?
Buying an NBA jersey is easy, especially with the number of online retailers that specialize in selling official team merchandise. You should do extensive research about the jersey size and quality before making your purchase.
When shopping online for your NBA jersey, remember a few things. It is important to choose the right size. Look up the sizing chart for your chosen team and check if the jersey is measured in inches or centimetres. You should choose the best size for you, but leave enough room in the chest.
Make sure to find out which jersey is made from what fabric. Most NBA jerseys made from 100% polyester. But, there are some that may be made with a mixture of different materials. It's important to confirm that the product you purchase is authentic and not a copy.
Be sure to check out customer reviews before purchasing. This will help you evaluate the quality and customer service provided by the retailer. When you find an online store that has a good reputation don't forget about comparing prices between different stores before you check out.
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