Michael Jordan's Ultra-Rare, Signed AJ1's For Auction, Could Sell For $600K

Michael Jordan's Air Jordan 1's gave birth to sneaker culture in 1985 ... and now 1 of the first pairs MJ rocked during his rookie year with the Bulls are for sale!!

... And, if ya got around 600 grand, they could be yours.

The game-worn, autographed pair of red, white and black AJ 1's -- donned by Michael during the '84-'85 NBA season -- already has a $122k bid on Goldin Auctions website ... with over 18 days left in the auction.

The already incredibly high value of Jordan memorabilia has skyrocketed since ESPN's "The Last Dance" docuseries aired. In fact, a similar pair of AJ1's recently sold for $560k.

But, there's something special about GA's pair ... 'cause Jordan actually signed the sneakers on-camera during a television interview with a local L.A. sports reporter 7 years after he donned them in an NBA game.

The reporter -- Rick Lozano -- was previously gifted the Jordan's (left shoe size 13.5, right 13) by Michael's former teammate, Bulls player Gene Banks.

36 years ago, Jordan had a spectacular rookie year -- averaging 28 ppg, 6.5 rebounds, 6 assists while easily winning Rookie of the Year -- and now you can own the kicks that started a sneaker revolution.

The auction runs through August 22 ... and we're told the final number could be over $600k!!