The shoes -- which Jordan wore during Game 5 of the 1997 NBA Finals against the Utah Jazz while he battled an illness -- were bought at auction Wednesday ... coming in with a final price tag of $1,380,000.

Somehow, it was not the highest price ever for Jordan sneakers -- a pair from the 1998 Finals and a pair from his rookie season previously netted more -- but, according to the man who facilitated the auction, Ken Goldin, they're an unreal purchase nonetheless.

In fact, the auction expert previously told TMZ Sports back in April that he believed they were simply "the most valuable sneakers of all time."

Jordan scored 38 points while wearing the Jordan 12s in the pivotal game in Salt Lake City. Despite battling an ailment that left him, at times, completely exhausted on the court, he still was the key reason the Bulls won the game. Chicago would later go on to lock up the NBA title on the heels of the victory.

Following the game, Jordan signed the kicks and then handed them over to Utah Jazz ball boy Preston Truman ... who had helped MJ with postgame snacks in years prior.

Truman then held onto them for over a decade, before he sold them at auction back in 2013. They hadn't been seen again ... until Goldin's auction this year.

No word on who Wednesday's buyer was ... but something tells us they're very rich -- and, now, very happy.