Christian Laettner and “The Shot” are forever linked in basketball lore. Depending on one’s loyalty, it was either a miracle or a tragedy. There were 2.1 seconds remaining in overtime in the 1992 NCAA East Regional Final and Duke trailed Kentucky 103-102. Laettner took a 70-foot inbounds pass from Grant Hill at the top of the key, faked right, turned to the left and dribbled once, and then buried the game-winning shot against Kentucky. That would lead to Duke’s second national title.
A basketball signed by members of the 1992 U.S. Olympic Dream Team from the Chuck Daly Estate Collection sold for $230,041 to tally the highest bid in SCP Auctions’ Mid-Summer Classic, which concluded early Sunday morning. The multi-signed basketball (autographed by 11 players including Michael Jordan, Magic Johnson and Larry Bird plus Coach Daly) was used in the U.S. Men’s 117-85, gold medal-clinching victory over Croatia in Barcelona. According to SCP officials, it’s the most ever paid for a single basketball sold at auction.
A prized Dream Team-signed basketball from the Chuck Daly Estate Collection sold for $230,041 to tally the highest bid in SCP Auctions’ Mid-Summer Classic, which concluded early Sunday morning. It is the highest price ever paid for a basketball at auction. The multi-signed, painted basketball (autographed by 11 players including Michael Jordan, Magic Johnson and Larry Bird plus Coach Daly) was used in the U.S. Men’s 117-85, gold medal-clinching victory over Croatia in Barcelona. The entire auction of nearly 1,000 sports memorabilia lots brought in $2.5 million.
“The outstanding results of this auction prove once again that the market for historic memorabilia with exceptional provenance has never been stronger,” said SCP Auctions Vice President Dan Imler.
Other top lots included a rare 1968 Ernie Banks game-worn Cubs home jersey from a season in which “Mr. Cub” hit 32 home runs that sold for $137,865; a 1960’S Dwight D. Eisenhower-used custom golf bag and full set of specially engraved “General Ike” Spalding clubs that went for $121,122; and a 1970 Nolan Ryan New York Mets game-worn home flannel jersey captured $60,667.
Overall, the Chuck Daly Estate Collection brought in $333,547, led by the sale of the Dream Team-signed, game-used Barcelona Summer Games basketball. Part 4 of the Newport Sports Museum Collection realized $274,901, led by the sale of presidential golf sets used by Eisenhower, Richard M. Nixon and Gerald R. Ford, while the Johnny Murphy Estate Collection took in a total of 72,620, led by the sale of his 1938 New York Yankees World Champs pocket watch which went for $33,378.
Other highlights from the auction included:
• 1996 NBA 50 Greatest Players Signed Lithograph – NBA Edition (6 of 100) – $34,190
• 1968 Boston Celtics 10K Gold NBA Championship Ring (Tom Thacker)- $29,336
• Carl Erskine’s 1956 N.L. Champion Brooklyn Dodgers 10K Gold Cuff Links and Tie Pin – $28,651
• 1976 Montreal Summer Olympic Games 1st Place Winner’s Gold Medal – $24,243
• Babe Ruth Autographed Hillerich & Bradsby Model 40 B.R. Signature Model Bat – $20,724
The buyers of the items wish to remain anonymous at this time. All prices include a buyer’s premium. Full auction results are available at www.scpauctions.com. -Terry Melia
While a jury decided last week that using Michael Jordan’s likeness in an ad without his permission will cost supermarket chain owner Safeway $8.9 million in damages, collectors were uninspired by the value of some of the basketball legend’s game-worn shoes. Five pairs of sneakers worn by the former Chicago Bulls great sold in an auction over the weekend, but for far less than the $71,553 that a used pair of his shoes sold for in April.
Michael Jordan may not do any endorsement deals for less than $10 million, but bids so far for a handful of his game-worn shoes have been relatively cheap. Five pair of the former Chicago Bulls great’s sneakers are up for grabs this week from Laguna Niguel, Calif.-based SCP Auctions.
A game-used basketball from the gold-medal game at the Barcelona Olympics in 1992 — signed by 11 members of the Dream Team and coach Chuck Daly — is the centerpiece of a current auction of the former Detroit Pistons coach’s memorabilia at SCP Auctions.
Is there any debate that the 1992 USA Basketball squad, dubbed the Dream Team, was the greatest to ever take the court? Featuring such all-time greats as Michael Jordan, Magic Johnson and Larry Bird, they made short work of their opponents en route to the Gold Medal at the 1992 Olympics in Barcelona. The basketball from the final game has hit the auction block with SCP Auctions. It’s part of the personal collection of the late Chuck Daly, the team’s coach. His estate has several items in SCP’s Summer Premier Auction.