MJ's Bulls signing-day jersey expected to fetch up to $400K at auction

Another valuable piece of Michael Jordan memorabilia will be available at auction later this year.

The jersey Jordan received when he signed with the Chicago Bulls in 1984 is being sold by Julien's Auctions, which expects it to fetch between $200,000 and $400,000 when it hits the auction block in December, according to Reuters.

Jordan was pictured holding up the No. 23 jersey at his first press conference with the Bulls after the team selected him third overall in the 1984 NBA Draft.

(Image source: Getty Images/Bettmann)

The market for Jordan memorabilia has skyrocketed in the wake of ESPN's "The Last Dance" documentary. A pair of his game-worn and autographed Air Jordan 1 sneakers sold for a record $560,000 in May - a price that could be topped by another pair of Air Jordans soon going up for auction.