Rare Michael Jordan, Julius Erving Autograph Card Valued at $1M Up for Auction

Next month, an incredibly rare trading card featuring two basketball legends will headline the inaugural "Holy Grails" auction presented by Fanatics and Sotheby's.

An autographed card of Michael Jordan and Julius Erving will be among the items available in the Sept. 24 auction. According to a release, the card has an estimated value of $1 million.

"As a one-of-a-kind item, being the sole copy released for that season and one of only two such cards featuring these basketball legends ever released for Exquisite Collection, it holds a unique position in sports memorabilia," the release stated. "This rarity is further emphasized by the fact that it is one of just eight dual logoman autographs in existence from Exquisite Collection to feature Michael Jordan."

Jordan and Erving have been tied together throughout NBA history. Erving was the first player ever to pull off a foul-line dunk in the NBA Slam Dunk Contest, which inspired Jordan to follow suit and thus led to the creation of his iconic logo.

The auction will be held at Harlem Parish, a deconsecrated church in New York City, and will feature over 40 coveted trading cards featuring sports legends like Tom Brady, LeBron James, Jackie Robinson, Roberto Clemente and more.

"From the outset, our aim was to create an immersive auction experience unlike anything ever seen in the trading card industry," Brahm Wachter, Sotheby's Head of Modern Collectables, said in the release. "By choosing the iconic Harlem Parish as our venue and through bold, visual scenography and property displays, we are reimagining what the trading card industry means for collectors and enthusiasts. With this innovative approach, we're not only shaking up the industry but also bringing cards into today's modern world in a way that's truly unprecedented."