Per the official listing from Goldin Auctions, the 1997-98 NBA All-Star Game used patch card from Upper Deck was released during Jordan's final season with the Chicago Bulls. It's called the "most significant Michael Jordan trading card ever produced" and the first autographed patch card.
In an official statement about the lot, Goldin Auctions said the item "is considered to be one of the most valuable Jordan cards in existence" and could be sold for as much as $2.5 million.
The Jordan listing comes on the heels of a signed 2003 LeBron James Exquisite Collection patch rookie card selling for a record $5.2 million at auction earlier this week.
Jordan's patch card received a grade of NM-MT 8 by Professional Sports Authenticator, the third-highest grade possible. The autograph on the card was rated as a nine by PSA/DNA.
The patch is from Jordan's 1992 All-Star Game jersey when he scored 18 points in 31 minutes.
The auction will begin on May 2 with an opening-minimum bid of $250,000.