Michael Jordan's 1997 Ferrari sells for $2.7 million at auction

Michael Jordan's 1997 Ferrari 550 Maranello sold for $2.7 million on October 1 at Pharrell Williams' auction house JOOPITER. The sale price established a new public auction record for this Ferrari model, significantly exceeding pre-auction estimates. Only 3,083 of these vehicles were produced. Jordan purchased the car during his championship run in 1997 and was spotted with it shortly after winning his fifth NBA title. The car, linked to the design of the Air Jordan 14 sneakers, featured custom modifications to accommodate Jordan's height. After nearly 24 years out of the public eye, it was reintroduced after being bought from a long-term owner in California.

• 7:22 PMYahoo Sports — Michael Jordan's 1997 Ferrari with Air Jordan connection sells for eye watering sum