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This photo released by Heritage Auctions shows a Punahou School basketball jersey reportedly worn by former President Barack Obama during his student days at the school in Honolulu, Hawaii.

This photo released by Heritage Auctions shows a Punahou School basketball jersey reportedly worn by former President Barack Obama during his student days at the school in Honolulu, Hawaii.

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Obama’s old high school basketball jersey sells for $120,000

A basketball jersey believed to have been worn by former President Barack Obama while he was at an elite Honolulu prep school has sold at auction for $120,000.