May 30, 2016  

The $996,000 Babe Ruth Sale Contract

June 11, 2005 (4:08 am) GMT
The 1919 contract that shipped Babe Ruth from Boston to the Bronx sold at auction Friday for an estimated $996,000

"I was prepared to pay almost whatever it took. I'm not saying a billion dollars, but whatever price I needed to secure it." That's what Pete Siegel, head of Manhattan-based Gotta Have It Collectibles, said during a Friday auction for the December 26, 1919, contract that shipped Babe Ruth from Boston to the Bronx.

And there it goes the contract, signed by owners Harry Frazee of the Red Sox and Jacob Ruppert of Yankees, to Pete for a staggering $996,000. The amount undoubtedly nearly double the presale estimate for the contract and nearly 10 times the $100,000 cost of purchasing Ruth. Above all, the amazing bidding has gratified a hunger-relief group who is designated to receive a financial windfall from the sale.

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