dennis johnson

Basketball Auction Planned For Hall of Fame Induction Day

The latest inductions into the Basketball Hall of Fame in Springfield, Massachusetts are set for August 13. Inductees include Jerry Buss, Karl Malone, Scottie Pippen and the 1992 USA Basketball "Dream Team. As part of the event, Grey Flannel Auctions is holding its Fifth Annual Basketball Hall of Fame Induction Auction. This year's auction features 244 lots of vintage basketball-related memorabilia.

Items up for bid span basketball history. Some are mementos from team glory days like the Chicago Bulls 1991-1992 NBA Championship banner that hung in Chicago Stadium. Others celebrate a player like Wilt Chamberlain's 1965-66 Philadelphia 76ers game-used home jersey. Exhibiting a style used for only one season, the red and white jersey is emblazoned with the all-time single game point-scoring king's number "13″ and the word "Phila." it had a minimum bid of $10,000 but is already trending close to $20,000 in online bidding.

Tags: Basketball Hall of Fame, basketball memorabilia, boston celtics, dennis johnson, nba, sports memorabilia, wilt chamberlain