Len Berman and Michael Riedel in the Morning

Len Berman and Michael Riedel in the Morning

Len Berman and Michael Riedel in the Morning.Full Bio


Babe Ruth Jersey Auctioned For Memorabilia Record $5.64-Million

When it comes to the jersey worn by Babe Ruth, you’d expect the tag on it to be extra-large.

But if you’re trying to “get into” a Babe Ruth jersey nearly a decade later—like this weekend—the tag in it is more of a triple XL because we are talking about its price tag.

Which is why a Ruth jersey that was auctioned off this weekend smashed a sports memorabilia sales record on Saturday when an anonymous buyer bid $5.64-million at an auction.

The flannel road New York Yankees jersey was worn between 1928 and 1930 and sold for more than million dollars above the expected price of $4.5-million. A different Ruth jersey previously held the record for most expensive sports memorabilia when it was sold for $4.4-million in 2011, although this jersey is considered to be in better condition.

Hunts Auctions, which ran the event at Yankee Stadium, auctioned off several other items from the Ruth’s private family collection.

Even beyond the jersey and other items at the auction, plenty of Babe Ruth memorabilia has been in the news lately.

In April, a report came out that a California man bought a Ruth baseball card for $2 that ended up being an authentic 1921 card worth nine figures. Experts thought the bidding at an auction would start at $1.5-million and reach $4.5-million or higher.

Guess you can say people that own Babe Ruth memorabilia are getting fatoff the investment.

Source: Yahoo! Sports

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