CHICAGO (CBS) — It’s no secret Former Pesident Barack Obama loves basketball.

In fact, Mr. Obama was on the state championship team as a high schooler in Hawaii. So bidding was fierce for a basketball jersey believed to be worn by the future president at Punahou  school in Honolulu.

READ MORE: Rev. Jesse Jackson To Be Released From Rehab, Family Says He And Wife Are Now COVID-Free

A classmate said he found the jersey in a trash bin and kept it for years.

READ MORE: Brighton Park Man Was Fed Up With Speed Bump, So He Smashed It To Pieces, And Got A Ticket

The Obama jersey, number 23, sold for $120,000 at auction in Dallas over the weekend.

MORE NEWS: Guinness Opening Brewery And Taproom In West Loop In 2023

A portion of the proceeds will go to Punahou School.