There’s a new get-rich-quick strategy: sell your teammates’ used items.
That’s what Karl Malone did through Goldin Auctions, and it raised $5 million.
Malone was a member of the «Dream Team,» along with 10 other Hall of Famers who represented the United States at the 1992 Barcelona Summer Olympics on what is perhaps the greatest basketball team ever assembled.
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Karl Malone of the United States Olympic men’s basketball team, known as the «Dream Team,» plays in a quarterfinal match against Puerto Rico on August 4, 1992, at the Pavello Olimpic de Badalona in Barcelona, Spain. (David Madison/Getty Images)
The highest price in the auction was $3.03 million for a Michael Jordan jersey worn in the game and signed by His Airness himself.
Jordan signed Malone’s jersey and wrote, «To Karl, good luck,» along with his signature and his number 9 for those Olympics.
Karl Malone shoots a layup against Angola during a men’s Group A match at the Pavello Olimpic de Badalona in Badalona, Spain on July 26, 1992. (John W. McDonough/Sports Illustrated via Getty Images)
Malone also pocketed over $450,000 from Larry Bird’s used shoes and jersey. The jersey sold for $360,000 and the shoes for another $91,200, both records for Bird merchandise.
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The United States stands on the podium after the gold medal basketball game against Croatia at the 1992 Summer Olympics on August 8, 1992, at the Palau Municipal d’Esports de Badalona in Barcelona, Spain. (Andrew D. Bernstein/NBAE via Getty Images)
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The Dream Team’s toughest competition was Croatia in the gold medal game. The United States won with a 117-85 thrashing.