Good morning, Collectors.

If you’ve been with us for a while, you might remember back in February when a sealed case of 1979 O-Pee-Chee hockey cards sold for $3.72M at auction to a Canadian buyer who jumped into the bidding frenzy after knocking back a few cans of Red Bull. You might also remember how the sale was in jeopardy only a few weeks later, when the buzz wore off and the auction winner caught a case of Buyer’s Remorse.

Now the case, which should be packed with plenty of Wayne Gretzky rookie cards, is heading back to auction, per The Athletic, after the lot owner and Heritage Auctions decided not to take legal action against the over-caffeinated buyer.

The lesson here? Don’t Drink and Bid!

The 🐐 When it Comes to Auctions, Too

The American Flag Michael Jordan famously draped over his shoulder in the medal ceremony after the Dream Team won Gold in the 1992 Olympics, sold at auction earlier this week for $1.8M. But it wasn’t a show of patriotism that made the flag famous; Jordan wanted to cover up Nike-rival Reebok’s logo on his USA warm-up jacket, and had a team rep grab the flag from an American family in the stands so he could obscure the offending brand mark. After the Games, the flag was mailed back to the family, only now autographed by Jordan, Magic, Bird and the rest of the Dream Team.

NBC Sports has all the details. 

Four years after the Dream Team, Michael Jordan would wear a uniform that just cracked the top 5 for most expensive NBA jerseys ever sold. Earlier this week, a heavy-use game-worn Jordan jersey from the 1996-97 season sold for $4.68M at Sotheby’s. The red away jersey was worn in at least 17 games during the championship season, including the game where then-rookie Allen Iverson famously crossed up MJ. The $4.68M sum makes the jersey the fourth most expensive NBA uniform sale of all time, though it sold for less than half of what Jordan’s Last Dance jersey netted, which tops the list at $10.1M.

For more, ESPN has the story.

Too Early Card Sale Creates a Brunson Bummer

Every once in a while a card sale breaks your heart just a little, and the Jalen Brunson 1/1 Nebula Choice Prizm rookie that recently sold on Goldin for over $96k falls into that category. What makes this one hurt? A Reddit thread from 2019 surfaced after the sale, showing the original owner sold the card for just $300. Ouch.

This story popped up in our newsletter for the common collector, Mail Day, and you can subscribe via the link below if you’re not already getting the most entertaining weekly email in the hobby.

Gen X Spending Big on High-Value Art

The latest UBS/Art Basel survey reveals that Gen X collectors are making thoughtful, high-value purchases, spending about 50% more than millennials in 2023 and early 2024. The survey focuses on big spenders, pegging the median spend on art over the course of the year at $50,000. That number might be even higher next year, with 91% of survey respondents stating they were optimistic about the art market's fortunes over the next six months, compared to just 77% at the end of 2023.

The Art Newspaper has more.

Decoding the Collector Gene

We’ll leave you with this. Heritage Auction’s exec Joe Orlando penned an essay for the Intelligent Collector this week, tracing his love of collecting back to his mother, who passed away a year ago. It’s a worthwhile read about family, loss, and shared passions, and you can find the piece here.