Muhammad Ali's iconic shorts worn during the historic "Thrilla in Manila" fight are set to go under the hammer at Sotheby's in New York, highlighting the burgeoning sports memorabilia market. With bids surpassing $3.8 million and expectations of reaching $4-6 million, the auction reflects the growing interest in historic sporting artifacts.

A piece of sporting history unfolds as Muhammad Ali's famed shorts worn during the iconic "Thrilla in Manila" bout enter the auction arena at Sotheby's in New York, signaling a significant milestone in the sports memorabilia market. Since late March, bids for the Everlast-brand shorts, signed by Ali himself, have surged, with the latest reaching an impressive $3.8 million, and expectations soaring as the auction continues until April 12.

The significance of Ali's legendary fight against Joe Frazier in 1975 adds to the allure of the memorabilia, with the "Thrilla in Manila" standing as one of boxing's most memorable moments. Sotheby's estimates the shorts to potentially command between $4-6 million, reflecting the enduring legacy of Ali's remarkable career and his pivotal role in the world of sports.

Ali's transcendent impact extends beyond the boxing ring, with his unwavering commitment to civil rights for African Americans cementing his status as a global icon. The sale of his cherished shorts serves as a testament to his enduring influence and the enduring fascination with his legacy.

In addition to Ali's historic shorts, Sotheby's is also showcasing a diverse array of sports memorabilia, including NBA jerseys and the complete uniform of rising star Victor Wembanyama. The auction offers enthusiasts an opportunity to own a piece of basketball history, with items from Wembanyama's locker, including a chair, water bottles, and a towel, also up for grabs.

With fervent interest in these prized possessions, Sotheby's anticipates record-breaking sales, underscoring the growing demand for iconic sports artifacts and the enduring allure of legends like Muhammad Ali and rising stars like Victor Wembanyama in the realm of sports collectibles.