The jacket could be mistaken for a relic. Its hem is uneven, patched in places where fabric once gave way; the thread of one sleeve fades into another, like memory stitched into form. To the uninitiated, it looks worn. To collectors, it looks priceless. Somewhere online, in a private Magnolia Pearl resale group, another bid ticks upward. Like clockwork, the price may double, or even triple, before the day ends.