Babe Ruth’s 1918 contract for $5,000 sells for $1.02 million
That’s an expensive piece of paper: Babe Ruth’s 1918 contract with the Boston Red Sox sold on Saturday for more than $1 million.
Babe Ruth’s 1918 Red Sox playing contract was just sold for $1.02 million
About 36 pieces of Ruth memorabilia went on the auction block on June 13, one day after the 100th anniversary of his major league debut. The contract was for $5,000, but sold for $1.02 million, which ESPN says is the highest price ever paid for a sports contract. It wasn’t the only item to bring in a lot of money: a bat Ruth used early in his career went for $215,000, while a signed ball sold for $96,000.
One piece of history that didn’t find a new owner was the ball Ruth hit during his first home run at Yankee Stadium; that item didn’t meet its reserve price of $100,000.