Monday, May 21, 2012

Out of the Park: Babe Ruth Baseball Jersey Fetches Record Amount

A sports jersey worn by baseball great Babe Ruth has brought in a record amount at auction, a staggering $4.4 million.

The slightly stained jersey once belonging to "The Sultan of Swat" was worn by the legend during his stint with the New York Yankees between the years 1920 through 1934. The gray jersey features New York on the front of the shirt in bright blue lettering, with his initials Ruth, G.H. (George Herman) in pink script on the inside neckline.

The record auction amount is the highest sale price for a piece of sports memorabilia since the original "Rules of Basketball" written by Dr. James Naismith—who created the  sport in 1891—sold at Sotheby's auction house for $4.3 million in 2010.

The person behind the winning bid for the Ruth jersey has elected to remain anonymous, SCP Auctions, who handled the sale, told the media.

In addition to Ruth's jersey hitting the auction block, the Hall of Famer’s former Massachusetts home has a For Sale sign out front as well. The asking price for the 5,124 square foot home in Sudbury, Massachusetts, is a relatively modest $1.6M.

Ruth died in 1948 at the age of 53. 

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