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Babe Ruth jersey sells for record $4.4 million

CBSSports.com wire reports
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NEW YORK -- A baseball jersey worn by Babe Ruth has sold for more than $4.4 million, a record for any item of sports memorabilia, according to the buyer and seller.

SCP Auctions says the circa 1920 New York Yankees uniform top is the earliest known jersey worn by The Bambino and it fetched $4,415,658 at the company's April auction, which ended Sunday. SCP Auctions says that price broke the previous record of $4,338,500 set in 2010 for James Naismith's founding rules of basketball.

Lelands.com says it submitted the winning bid for Ruth's jersey, which had been displayed for years at The Babe Ruth Birthplace Museum in Baltimore.

Suzan French, a spokeswoman for Lelands.com, says the company plans to sell the jersey privately rather than re-auction it.

"Such a spectacular piece will find a home with one of our private clients who truly appreciates its historic significance," Lelands.com president Michael Heffner said in a statement.

Ruth retired in 1935 with 714 home runs, the major league record for nearly 40 years. Hank Aaron broke that mark and then was passed by Barry Bonds, who finished with 762.

In addition, Ruth's 1934 New York Yankees cap that was owned by former major league pitcher David Wells sold for $537,278 at auction. The colorful Wells bought the cap for about $30,000 from a collector and famously paid homage to his idol by wearing it on the mound with the Yankees during a game on June 28, 1997.

Copyright 2015 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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