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☆ Rents across the U.S. grew for the first time in 6 months — only Arizona saw price drops in every metro
▼ + stars: | 2024-03-28 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Rent prices for one- and two-bedroom apartments grew in March for the first time in six months. The monthly cost for a one-bedroom apartment across the U.S. bumped up to $1,487, a 0.3% increase from February. The price of a typical two-bedroom apartment also jumped 0.5% to $1,847, according to a new report by Zumper, a real estate data site. For example, the rent price for a one-bedroom apartment in Baltimore, Maryland, is $1,390, down 0.7% from a year ago, per Zumper. "As we get closer and closer to summer, we start to see rent prices increase in more places."

Persons: Zumper, Crystal Chen, Jacob Channel, Susan M Organizations: Zumper, Finance, The Wharton School, University of Pennsylvania Locations: U.S, Baltimore , Maryland, Zumper . Arizona

☆ Sotheby's leans into sports with auctions of Jordan shoes, Ali trunks and Kobe jersey
▼ + stars: | 2024-03-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Sotheby's is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in a younger demographic. Demand for athletic memorabilia has jumped in recent years, and sports has become one of Sotheby's fastest-growing categories, the auction house said. "We've seen exponential growth and interest in the category," Brahm Wachter, Sotheby's head of Streetwear & Modern Collectibles, told CNBC. Sotheby's said its average client for sports memorabilia are 20 to 40 years old, and 50% of them are new to auctions. The sale set a new global auction record for game-worn sneakers and became the second-highest price achieved for Jordan sports memorabilia.

Persons: Michael Jordan, Sotheby's, Wachter, Jordan Organizations: Wednesday, CNBC, Consulting, Chicago Bulls, NBA, Air, Jordan Locations: Jordan

☆ How the Canadian mortgage model could help unfreeze the housing market
▼ + stars: | 2024-03-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewCopying the way mortgages work in countries such as Canada and the UK could help thaw the frozen US housing market, experts say. Prospective buyers are also balking at paying such high mortgage rates, especially when national home prices are near record levels, fueling an affordability crisis. AdvertisementOffering portable mortgages would enable hesitant sellers to keep their rock-bottom mortgage rates when they move, potentially boosting overall inventory and transaction volumes. She suggested the best fix for the frozen housing market will be if inflation cools, the Fed cuts interest rates, and mortgage rates fall to historical norms. Fannie Mae and Freddie Mac, the government-sponsored enterprises that direct the mortgage market, would have to be on board to make mortgage portability a reality, but that doesn't appear to be the case.

Persons: —, Julia Fonseca, Fonseca, Richard Martin, University of Georgia's Terry, Susan Wachter, Wachter, Fannie Mae, Freddie Mac Organizations: Service, Business, University of Illinois, University of Georgia's, University of Georgia's Terry College of Business, The Wharton School, Federal Reserve, Federal Housing Finance Agency, American Banker Locations: Canada, University of Illinois Urbana, Champaign, conservatorship

☆ Google's Gemini firestorm shows the risks of the company's race to catch up with its AI rivals
▼ + stars: | 2024-03-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The company has been defending itself against fierce backlash sparked by its AI chatbot's image-generating feature. The product has landed Google at the center of what was described in some circles as a "woke" culture war. AdvertisementGoogle's 'Gemini era' is all about GPT-4Pichai claimed late last year Google was entering its "Gemini era." The model is widely seen as the company's answer to OpenAI's GPT-4, a product heavily backed by Microsoft and already powering many of the company's AI products.

Persons: —, execs, Critics, Andrés, Sergey Brin, Sundar Pichai, Brin, Alex Heath, Heath, Pichai, OpenAI's, Google's Bard, Bing, Gvirtz, Sandra Wachter, Wachter Organizations: Service, Google, Business, Big Tech, King's Business School, Engineers, Gemini, Microsoft, chatbots, Financial, Oxford Internet Institute

☆ 'If your parents are homeowners, you're more likely to be a homeowner,' housing expert says. Here's why
▼ + stars: | 2024-02-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

If a parent is a homeowner, they are more likely to assist with their kid's down payment, she said. But it's harder for those with parents who are not homeowners: "Renter households are often precluded from bringing more people into their home. Having homeowner parents is 'like a 5 percentage point bonus'Young adults with homeowner parents are more likely to become homeowners themselves because they can obtain more information about the mortgage application process directly from their parents, the Urban Institute found. "Because the parents are so knowledgeable about homeownership, they're more likely to encourage their kids to do it and show them how to do it," Myers said. "It's like a 5 percentage point bonus by having parents who are homeowners."

Persons: Skylar Olsen, Myers, that's, Zers, Intuit Credit Karma, Wachter Organizations: Digitalvision, Getty, National Association of Realtors, Urban Institute, Intuit Credit Locations: Washington ,

☆ With mortgage rates remaining high, renting is less expensive than buying
▼ + stars: | 2024-02-21 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

watch nowThe costs of owning a home can be more stable compared to rent prices. Yet, the upfront cost of a down payment is high for most Americans, Wachter said. Mortgage rates also remain high for potential homebuyers, spiking back to 7.06% from 6.87%. The interest rate affects the monthly cost of a home, which can make or break affordability for a homebuyer. Rent prices are also expensive

Persons: Wachter Organizations: Getty Locations: U.S

☆ 52% of Black Americans say homeownership is a mark of success, report finds. But it can conflict with other goals
▼ + stars: | 2024-02-21 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Maskot | Digitalvision | Getty Images'Homeownership has a lot more expenses than renting'"Homeownership has a lot more expenses than renting: taxes, insurance, maintenance, down payment. All these factors need to be considered," said Cherry, a member of CNBC's Financial Advisor Council. "Understand what it is to be a homeowner and how things work," said Elliott, also a member of CNBC's Financial Advisor Council. "The cost of homeownership versus renting has been made [it] daunting to become a homeowner. "At the end of the day, what good is being a homeowner when you can't provide basic necessities for yourself and your loved ones?"

Persons: Cherry, Kamila Elliott, Elliott, Susan M, Wachter, Preston D, Jacob Channel Organizations: Digitalvision, Getty, CNBC's, CFP, Wealth Partners, CNBC, Council, The Wharton School, University of Pennsylvania, Cherry Locations: Atlanta, U.S

☆ Michael Jordan's championship sneakers sold for a record-breaking $8m
▼ + stars: | 2024-02-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

A set of Michael Jordan's championship sneakers was sold for a record-breaking $8m, the BBC reports. The six individual sneakers were all worn by Jordan during the game-clinching NBA finals in the 1990s. During his career, the basketball superstar went to the NBA Finals six times and won each time. The set of winning sneakers include Air Jordan VI (1991), Air Jordan VII (1992), Air Jordan VIII (1993), Air Jordan XI (1996), Air Jordan XII (1997), and Air Jordan XIV (1998). The photos, taken by Bill Smith, were taken after the 1992, 1993, 1996, and 1998 NBA Finals.

Persons: Michael Jordan's, Jordan, Jordan VI, Jordan VII, Air Jordan VIII, Air Jordan XII, Air Jordan XIV, Bill Smith, Brahm Wachter, Matthew Kish, Sotheby's, Michael Jordan, He's Organizations: BBC, NBA, Air, Forbes, of Fame, Jersey, Charlotte Hornets, Business Locations: Dubai

NEW YORK (AP) — A collection of sneakers that superstar Michael Jordan wore as he and the Chicago Bulls won six NBA championships has fetched $8 million at auction, setting a new record for game-worn sneakers, Sotheby's said. The six Air Jordan shoes — one apiece from the last games of the 1991, 1992, 1993, 1996, 1997 and 1998 championship series — sold Friday. The auction lot included photos of Jordan wearing a single shoe as he celebrated the 1992, 1993, 1996 and 1998 wins. The pair he wore in the second game of the 1998 NBA Finals was sold through Sotheby's last April for $2.2 million, a record for a pair of sneakers. The highest auction price for any Jordan memorabilia was $10.1 million for his jersey from the first game at that series, according to Sotheby's, which sold it 2022.

Persons: Michael Jordan, Sotheby's, Air Jordan, —, Michael Jordan’s, Wachter, Sotheby’s, ”, Jordan, David Stern Organizations: Chicago Bulls, NBA, Air, longtime Bulls, Jordan, Nike, Bulls, Heritage

☆ Rental markets are cooling, but it 'doesn't mean they're falling,' Harvard researcher says. Here's what that means for renters
▼ + stars: | 2024-02-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Recep-bg | E+ | Getty ImagesRent costs are beginning come down after record-high asking prices. "Rental markets are cooling, but in a lot of places, it doesn't mean they're falling. It means they're growing at a slower pace," said Whitney Airgood-Obrycki, senior research associate focused on affordable housing at the Joint Center for Housing Studies of Harvard University. Prices are beginning to come down as supply boosts vacancy and demand slows from record highs in 2022. Increasing the supply of higher-rent Class A units often encourages tenants to upgrade to new units, making prices in those units level out and boosting vacancy in Class B and C units, Airgood-Obrycki said.

Persons: Whitney Airgood, Susan M, Wachter, Obrycki Organizations: Joint Center for Housing Studies of Harvard University, Prices, Finance, Wharton School, University of Pennsylvania Locations: Here’s, Airgood

☆ Should you pay rent with a credit card? 'It could rapidly spiral,' expert warns
▼ + stars: | 2024-01-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Housing is typically one of the biggest expenses in someone's budget, and it's natural to wonder about the best way to pay that bill. For renters, sometimes it's possible to pay with a credit card. While you could earn rewards and build credit by doing so, experts say it's typically not a smart move. They simply "may not want the hassle," said Matt Schulz, senior credit analyst at LendingTree. Here are three things to consider before you charge your rent payment to a credit card.

Persons: Susan M, Matt Schulz Organizations: Wharton School, University of Pennsylvania, Finance, LendingTree

☆ EU stops advertising on X over hate speech. Fines could follow next year
▼ + stars: | 2023-11-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“We have seen an alarming increase in disinformation and hate speech on several social media platforms in recent weeks,” Johannes Bahrke, a European Commission spokesperson, said Friday. That means, should the European Commission find that X has broken DSA rules, the company could be fined as much as $180 million. So far, only two states, Italy and Hungary, have done so, a commission spokesperson told CNN. The European Commission, which recently sounded the alarm on a sharp rise in antisemitism in Europe, has so far stopped short of criticizing Musk directly. A commission spokesperson declined to comment to CNN on Musk’s X post from last Wednesday.

Persons: ” Johannes Bahrke, Bahrke, X, TikTok, ”, Musk, hasn’t, Andrew Bates, “, Ferda, Ataman, Musk ”, Sandra Wachter, ” Wachter Organizations: London CNN, Elon Musk’s, Twitter, European Commission, Commission, Hamas, Facebook, Social, Digital Services, DSA, CNN, Disney, Paramount, Musk’s, White, European, Discrimination Agency, “, Oxford Internet Institute Locations: Israel, Italy, Hungary, Gaza, Pittsburgh, Europe, Germany, Spain, Austria, “, Federal

☆ Dest must be 'accountable', US coach says after red against Trinidad
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Dest, 23, assisted Antonee Robinson's opening goal before being sent off in the 39th minute. Trinidad levelled minutes later, with Alvin Jones giving them the lead in the 57th minute. Berhalter said he does not want this situation to become a "witch hunt" and that Dest had apologised to the team. He's going to learn, he's going to grow. "It's something I have to learn from and it won't happen again!," Dest said.

Persons: Sergiño Dest, Andre Raymond, Scott Wachter, Gregg Berhalter, Sergino, Antonee Robinson's, Alvin Jones, that's, Berhalter, it's, Dest, he's, Instagram, Pearl Josephine Nazare, Robert Birsel Organizations: Men's National, Concacaf Quarterfinal, Q2, CONCACAF Nations League, America, Thomson Locations: Austin , Texas, USA, Trinidad, Tobago, Trinidad and Tobago, U.S, Austin, Trinidad . Dest, Bengaluru

☆ Prices for a set of Messi’s World Cup jerseys could exceed a record $10 million
▼ + stars: | 2023-11-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

A set of six jerseys that he wore during last year’s World Cup, which his home country of Argentina won, are being put up for auction by Sotheby’s next week. That shirt currently holds the world record title of being the “most valuable item of sports memorabilia ever sold at auction,” according to the auction house. Bids were initially expected to range from $5 million to $7 million, perhaps signaling that Messi’s jersey prices could go higher. The online auction for Messi’s jerseys runs from November 30 to December 14 and will be displayed during that time in a free exhibition at Sotheby’s gallery in New York. His appearances sent MLS ticket prices skyrocketing and fans had trouble getting their hands on replica jerseys for several months.

Persons: Lionel Messi, Sotheby’s, Michael Jordan, Diego Maradona, ”, Brahm Wachter, Messi, Messi’s, Tom Brady, Kobe Bryant, Germain Organizations: New, New York CNN — Soccer, France, FC Barcelona, Cristiano Ronaldo’s Real, NFL, NBA, MLS, Inter Miami, Paris Saint, FIFA, Adidas Locations: New York, Argentina, Argentine, Cristiano Ronaldo’s Real Madrid, Barcelona, Paris, Qatar

☆ NBA roundup: De'Aaron Fox (43 points) pushes Kings past Spurs
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +6 min

Sabonis finished with 27 points and 14 rebounds and Malik Monk added 20 points off the bench for the Kings. Scottie Barnes and Gary Trent Jr. each added 14 points. Trae Young led the Hawks with 22 points and 13 assists while Jalen Johnson added 18 points and 10 rebounds. Evan Mobley contributed 18 points and 10 rebounds for the Cavaliers, and Max Strus also scored 18 points. It was his second game of at least 20 points in a Clippers uniform, both in the past two contests.

Persons: De'Aaron Fox, Victor Wembanyama, Scott Wachter, Fox, Domantas Sabonis, Sabonis, Malik Monk, Zach Collins, Derrick White, White, Jaylen Brown, Pascal Siakam, Dennis Schroder, Scottie Barnes, Gary Trent Jr, Franz Wagner, Jonathan Isaac, Gary Harris, Paolo Banchero, Cole Anthony, Mo Wagner, Chicago's Zach LaVine, DeMar DeRozan, Joel Embiid, Embiid, Tobias Harris, Tyrese Maxey, Trae Young, Jalen Johnson, Jalen Brunson, Brunson, Immanuel Quickley, Kyle Kuzma, Deni Avdija, Damian Lillard, Charlotte, Miles Bridges, Malik Beasley, Lillard, Beasley, LaMelo Ball, Darius Garland's, Donovan Mitchell, Evan Mobley, Max Strus, Cade Cunningham, Isaiah Stewart, Kevin Knox, Zion Williamson, Jonas Valanciunas, Brandon Ingram, Naji Marshall, Dyson Daniels, Nikola Jokic, Christian Braun, Michael Porter Jr, James Harden, Kawhi Leonard, Paul George, Harden, Alperen Sengun, Green, Fred VanVleet, LeBron James, Anthony Davis, D'Angelo Russell, Jerami Grant, Deandre Ayton, Shaedon Sharpe, Kevin Durant, Devin Booker, Jordan Clarkson, John Collins, Lauri Markkanen Organizations: Sacramento Kings, San Antonio Spurs, Frost Bank Center, NBA, Spurs, Celtics, Raptors, Boston, Toronto, Bulls, Orlando, Chicago, Orlando Magic, 76ers, Hawks, Atlanta, Knicks, Wizards, Washington, Bucks, Hornets, Milwaukee, Cavaliers, Pistons, Cleveland, Detroit, Pelicans, Nuggets, New Orleans, Denver, Clippers, Rockets, Houston, Philadelphia 76ers, Lakers, Trail Blazers, Portland, Suns, Jazz, Phoenix, Thomson Locations: San Antonio , Texas, USA, Sacramento, Antonio, Philadelphia, New York, Bridges, Los Angeles, Utah, Salt Lake City . Durant

Cheetahs are usually daytime hunters, but the speedy big cats will shift their activity toward dawn and dusk hours during warmer weather, a new study finds. While cheetahs only eat fresh meat, lions and leopards will sometimes opportunistically scavenge from smaller predators. But the new study found that on the hottest days, when maximum daily temperatures soared to nearly 45 degrees Celsius (113 degrees Fahrenheit), cheetahs became more nocturnal — increasing their overlapping hunting hours with rival big cats by 16%. In addition to competition with lions and leopards, cheetahs already face severe pressure from habitat fragmentation and conflict with humans. The fastest land animal, cheetahs are the rarest big cat in Africa, with fewer than 7,000 left in the wild.

Persons: ”, Briana Abrahms, Bettina Wachter, Wachter, Kasim Rafiq, Rafiq —, it's Organizations: Cheetahs, Royal Society, University of Washington, “, Cheetah Research, Leibniz Institute for Zoo, Wildlife Research, Botswana Predator Conservation, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: “ Lions, Namibia, Botswana, Africa, Zambia

☆ It may be time to break out the masks against Covid, some experts say
▼ + stars: | 2023-08-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“And since the masks that are most effective are N95 that are now readily available, that’s the kind of mask you should wear,” he added. But the agency doesn’t make a broad recommendation for everyone to adopt masks. Morris Brown College in Atlanta announced a return to mandated physical distancing and masks just one week after classes started in August. And pediatricians are poised for the typical return-to-school surge in all kinds of respiratory illness, whether colds, flu or Covid. “The virus is always lurking, waiting for openings, so I think Covid is just going to be a bit of a roller coaster, probably forever,” Wachter said.

Persons: Joe Biden, Jonathan Reiner, “, ” Reiner, Biden, ”, Reiner, Eric Topol, ” Topol, ” What’s, Robert Wachter, ” Wachter, haven’t, Peter Chin, Topol, Dr, Sara Bode, Bode, It’s, ‘, ” Chin, Hong, You’ve, you’ve, Amanda Musa, Brenda Goodman, Deidre McPhillips, Meg Tirrell Organizations: CNN, George Washington University School of Medicine & Health Sciences, US Centers for Disease Control, CDC, Scripps, Research, Covid, Department of Medicine, University of California San, University of California, Morris Brown College, Nationwide Children’s Hospital, American Academy of Pediatrics ’, School Health, Internal Locations: Covid, Florida, University of California San Francisco, San Francisco, Atlanta, Columbus , Ohio, Washington

☆ Michael Jordan's 'Last Dance' shoes just became the most expensive sneakers ever sold
▼ + stars: | 2023-04-11 | by ( Jessica Golden | ) www.cnbc.com time to read: 1 min

Michael Jordan's 1998 NBA Finals Game 2 Air Jordan 13s from 'The Last Dance' season were expected to sell for $2million to $4 million. A pair of Michael Jordan's shoes have become the most valuable sneakers ever to be sold at auction. Sotheby's says the Nike Air Jordan 13 sneakers sold for a record $2.2 million on Tuesday. It may be a new world record, but the shoes sold on the lower end of estimates. "Today's record-breaking result further proves that the demand for Michael Jordan sports memorabilia continues to outperform and transcend all expectations," said Brahm Wachter, Sotheby's head of streetwear and modern collectibles.

☆ A pair of sneakers worn by Michael Jordan just sold for $2.2 million, setting a new world record for the most expensive shoes ever purchased
▼ + stars: | 2023-04-11 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

Sneakers worn by Jordan in the 1998 NBA Finals just sold for $2.2 million. The sale set a new world record, topping the $1.8 million paid for a pair of Kanye West's sneakers. On Tuesday, Sotheby's announced the $2.2 million sale of Air Jordan 13 sneakers worn by Jordan during the 1998 NBA Finals. "That sneaker set the market for the sneaker industry. Rares CEO Sapp, who also played in the NFL, added Jordan sneakers tap into a bigger story that continues to resonate across playgrounds and pick-up basketball courts.

☆ NBA roundup: Wolves take key step in play-in race with win
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +3 min

Jazz 118, Nuggets 114Rookie Ochai Agbaji scored a career-high 28 points and Utah concluded its home slate with a win over Denver in Salt Lake City. Kris Dunn finished with 19 points, 14 assists and eight rebounds for the Jazz. Kentavious Caldwell-Pope scored 21 points and Jamal Murray netted 20 in the loss for Denver, which had already clinched the No. Kevin Knox led the Trail Blazers with game-high totals in points (30) and rebounds (11). Shaedon Sharpe scored 26 points and Trendon Watford added 24 for Portland.

☆ Michael Jordan's 'Last Dance' sneakers are going up for auction
▼ + stars: | 2023-03-14 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Michael Jordan's 1998 NBA Finals Game 2 Air Jordan 13s from 'The Last Dance' season are expected to sell for $2/4 million. An iconic pair of Air Jordan sneakers is going up for sale and is expected to be the most expensive pair of sneakers ever to appear at auction, estimated to sell for between $2 million and $4 million. Sotheby's is listing Michael Jordan's 1998 NBA Finals Nike Air Jordan 13s, worn during the basketball legend's final season in the NBA. Jordan already holds the record for most expensive pair of sneakers sold at auction: In 2021, Sotheby's sold the earliest known Michael Jordan Air Ships, also made by Nike, for $1.472 million. "Michael Jordan game-worn sports memorabilia has proven time and time again to be the most elite and coveted items on the market," Wachter said.

☆ 6 sneakers Michael Jordan wore during game-clinching NBA Finals games are about to go on sale — and the price could set a record
▼ + stars: | 2023-02-27 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Sotheby's this week will put up for sale a collection of six Air Jordan sneakers. Each of the six sneakers was worn by Michael Jordan during an NBA Finals game. Auction house Sotheby's on Tuesday will unveil a collection of six Air Jordan sneakers in Dubai. For perspective, a jersey Jordan wore during the 1998 NBA Finals sold last year for $10.1 million. "This set represents the most valuable and significant collection of Air Jordan sneakers ever brought to market," Sotheby's said, in a listing.

☆ Kobe Bryant's jersey from MVP season sold for $5.8 million
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - A Los Angeles Lakers jersey worn by Kobe Bryant during his only MVP season in 2007-08 fetched $5.8 million at an auction on Thursday, becoming the second-most expensive basketball jersey ever sold, auction house Sotheby's said. Michael Jordan's jersey from the opening game of the 1998 NBA Finals holds the record for the most expensive piece of game-worn sports memorabilia in history after it sold for over $10 million in September also via Sotheby's. Bryant, an 18-times All Star and five-times NBA champion, died in a January 2020 helicopter crash that also killed his daughter and seven others. Sotheby's website said the jersey was signed by Bryant and worn by him in 25 of his 82 games that season, including six playoff games. "(It) has become a symbol of his fierce determination and passion that has resonated with audiences across the world."

☆ Iconic Kobe Bryant jersey sells for record $5.8 million at auction
▼ + stars: | 2023-02-09 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

A jersey that belonged to late basketball star Kobe Bryant, expected to fetch between 5-7 million USD, is displayed at Sotheby's auction house in New York on February 1, 2023. An iconic Kobe Bryant jersey from his MVP season sold for $5.8 million on Thursday, setting a new record. The previous sale record for any item of Kobe Bryant sports memorabilia was set by a game-worn and autographed basketball jersey from the 1996-1997 season, which sold for $3.7 million in 2021. Sotheby's previously estimated the jersey would sell for between $5 million and $7 million. Sotheby's in September sold Michael Jordan's 1998 "Last Dance" jersey for $10.1 million, a record-breaking auction in its own right.

☆ LeBron James NBA Finals jersey expected to fetch up to $5 million at auction
▼ + stars: | 2023-01-20 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

LeBron James game-worn jersey from the athletes NBA finals game 7 victory over the Miami Heat in 2013, is on display during a press preview at Sotheby's auction House on January 20, 2023, in New York City. Sotheby's is listing an iconic jersey worn by LeBron James during his NBA Finals Game 7 victory with the Miami Heat against the San Antonio Spurs in 2013. The jersey commemorates James' first NBA Finals Game 7 appearance, which was one of the most significant performances of his career. The company added that the jersey also commemorates James' back-to-back championships and NBA Finals MVP awards with the Miami Heat. James is one of only six players in NBA history to be awarded back-to-back NBA Finals MVP trophies.

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