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A Michael Jordan jersey from the first game of the 1998 NBA Finals sold for a record-breaking $10.1 million.
This is the highest price ever paid for an item of sporting memorabilia.
The piece generated "palpable enthusiasm" among sports fans and collectors, according to auction house Sotheby's.
It was reminiscent of a sporting season in which Michael Jordan won his sixth and final NBA championship, as detailed in the Netflix documentary The Last Dance.
Sotheby's reported that a total of 20 bids were placed on Jordan's Chicago Bulls jersey on Thursday.
Sotheby’s head of streetwear and modern collectables, Brahm Wachter, said bidders were “eager to own a rarefied piece of history”.
“Today’s record-breaking result… solidifies Michael Jordan as the undisputed G.O.A.T, proving his name and incomparable legacy is just as relevant as it was nearly 25 years ago,” Wachter said. G.O.A.T is an acronym for “greatest of all time”.
The price of the jersey broke the previous record of $9.28 million, which was paid for a shirt worn by soccer legend Diego Maradona at the 1986 World Cup.
A Sports Illustrated magazine from June 1998, with Jordan on the cover, was also auctioned off alongside the item.
Jordan is regarded by many as the greatest basketball player in history.
He played the majority of his career for the Chicago Bulls, developed into a global hero, and contributed to the NBA's increased notoriety.
The Chicago Bulls won the following three games of the NBA Finals despite losing the first game against the Utah Jazz.
Next, Utah Jazz won by a two-point margin.
With only 5.2 seconds left in the sixth game, Jordan gave the Bulls the lead 87-86 and sealed his fourth NBA championship.
Basketball fans from all over the world applauded the comeback.
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