Basketball legend Clyde Drexler’s 1992 Olympic gold medal is up for auction. The medal, a symbol of one of the most iconic moments in sports history, has a starting bid of $250,000.
Drexler, a key member of the legendary “Dream Team,” is the first player from that squad to auction off his gold medal. The Dream Team, which included basketball greats like Michael Jordan, Larry Bird, and Magic Johnson, dominated the 1992 Barcelona Olympics, winning all eight of their games in blowout fashion. Drexler himself contributed significantly, averaging 10.5 points, 3.6 assists, and 3.0 rebounds per game during the tournament.
The auction is being handled by Goldin Auctions, a well-known name in the sports memorabilia world. The medal comes with a letter of authenticity signed by Drexler in April, ensuring its provenance. The bidding, which began earlier this week, is expected to soar well beyond the initial $250,000 mark.
This auction is particularly noteworthy as it marks the first time a member of the Dream Team has parted with their gold medal. Previous sales of memorabilia from the 1992 Olympics have fetched impressive sums, such as a game-worn jersey signed by Michael Jordan that sold for over $3 million.
The auction is set to conclude on August 17, giving collectors and fans a rare opportunity to own a piece of basketball history. As the bidding heats up, it will be interesting to see just how high the final price will go.
For those interested in participating, the auction can be followed on Goldin Auctions’ website, where updates and current bids are regularly posted.
