Kobe Bryant’s Lakers Jersey Could Fetch a Record $7 Million at Sotheby’s
2 min
A Los Angeles Lakers jersey regularly worn and signed by Kobe Bryant will be auctioned next month with a high estimate of US$7 million, making it the most valuable Bryant jersey to appear on the open market.
The late basketball star wore the gold jersey on Lakers media day on Oct. 1, 2007, and throughout the NBA Western Conference finals on May 9, 2008. During the 2007-08 season, he scored 645 points in the same jersey over 25 games, according to Sotheby’s, which is handling the auction. He was named league’s most valuable player that year, his only MVP season.
This is also the only gold jersey Bryant wore during the 2008 NBA playoffs, Sotheby’s said. He wore it again for his official MVP portrait that year.
“Sports artifacts with this type of long-term, heavy wear are a rarity in the collecting space, with many modern items worn for just a single game,” Brahm Wachter, Sotheby’s head of streetwear and modern collectables, said in a news release.
This jersey has been featured in murals and artworks depicting the basketball legend across the globe. There are more than 15 such murals in California alone, including the painting by artist Jonas Never located near the team’s arena in Los Angeles, according to Sotheby’s.
A shooting guard, Bryant spent his entire 20-year professional career with the Lakers. He appeared in 18 All-Star games, won two Finals MVP awards, and two gold medals on the 2008 and 2012 U.S. Olympic teams.
Bryant, along with his daughter Gianna and seven others, died in a helicopter crash in Calabasas, Calif., in 2020. He was 41.
The jersey will be sold at Sotheby’s online from Feb. 2-9, with bidding starting at US$5 million. It will be on public exhibition from Feb. 1-7 in Sotheby’s New York galleries.
The auction house declined to disclose the identity of the consignor. The jersey is offered with a collection of photographs of Bryant in this jersey taken by Greg Cohen, and a number of related items, including artwork, t-shirts, pins, books, and more.
The current record for any item of Kobe Bryant sports memorabilia is a game-worn and autographed jersey from his 1996-97 rookie season. It sold for US$3.7 million in 2021 at Goldin Auctions.
Copyright 2020, Dow Jones & Company, Inc. All Rights Reserved Worldwide. LEARN MORE
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
New research suggests spending 40 percent of household income on loan repayments is the new normal
3 min
Requiring more than 30 percent of household income to service a home loan has long been considered the benchmark for ‘housing stress’. Yet research shows it is becoming the new normal. The 2024 ANZ CoreLogic Housing Affordability Report reveals home loans on only 17 percent of homes are ‘serviceable’ if serviceability is limited to 30 percent of the median national household income.
Based on 40 percent of household income, just 37 percent of properties would be serviceable on a mortgage covering 80 percent of the purchase price. ANZ CoreLogic suggest 40 may be the new 30 when it comes to home loan serviceability. “Looking ahead, there is little prospect for the mortgage serviceability indicator to move back into the 30 percent range any time soon,” says the report.
“This is because the cash rate is not expected to be cut until late 2024, and home values have continued to rise, even amid relatively high interest rate settings.” ANZ CoreLogic estimate that home loan rates would have to fall to about 4.7 percent to bring serviceability under 40 percent.
CoreLogic has broken down the actual household income required to service a home loan on a 6.27 percent interest rate for an 80 percent loan based on current median house and unit values in each capital city. As expected, affordability is worst in the most expensive property market, Sydney.
Sydney
Sydney’s median house price is $1,414,229 and the median unit price is $839,344.
Based on 40 percent serviceability, households need a total income of $211,456 to afford a home loan for a house and $125,499 for a unit. The city’s actual median household income is $120,554.
Melbourne
Melbourne’s median house price is $935,049 and the median apartment price is $612,906.
Based on 40 percent serviceability, households need a total income of $139,809 to afford a home loan for a house and $91,642 for a unit. The city’s actual median household income is $110,324.
Brisbane
Brisbane’s median house price is $909,988 and the median unit price is $587,793.
Based on 40 percent serviceability, households need a total income of $136,062 to afford a home loan for a house and $87,887 for a unit. The city’s actual median household income is $107,243.
Adelaide
Adelaide’s median house price is $785,971 and the median apartment price is $504,799.
Based on 40 percent serviceability, households need a total income of $117,519 to afford a home loan for a house and $75,478 for a unit. The city’s actual median household income is $89,806.
Perth
Perth’s median house price is $735,276 and the median unit price is $495,360.
Based on 40 percent serviceability, households need a total income of $109,939 to afford a home loan for a house and $74,066 for a unit. The city’s actual median household income is $108,057.
Hobart
Hobart’s median house price is $692,951 and the median apartment price is $522,258.
Based on 40 percent serviceability, households need a total income of $103,610 to afford a home loan for a house and $78,088 for a unit. The city’s actual median household income is $89,515.
Darwin
Darwin’s median house price is $573,498 and the median unit price is $367,716.
Based on 40 percent serviceability, households need a total income of $85,750 to afford a home loan for a house and $54,981 for a unit. The city’s actual median household income is $126,193.
Canberra
Canberra’s median house price is $964,136 and the median apartment price is $585,057.
Based on 40 percent serviceability, households need a total income of $144,158 to afford a home loan for a house and $87,478 for a unit. The city’s actual median household income is $137,760.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Consumers are going to gravitate toward applications powered by the buzzy new technology, analyst Michael Wolf predicts
