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What makes Babe Ruth's jersey so valuable?
Babe Ruth's jersey is considered extremely valuable due to its historical significance and connection to one of baseball's most legendary moments—the 'called shot' home run against the Chicago Cubs. The jersey's sale price reflects not only its rarity but also the cultural impact of Ruth's legacy in American sports history.
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How does this auction record compare to other sports memorabilia?
The sale of Babe Ruth's jersey for $24.1 million sets a new record for the most expensive sports memorabilia ever auctioned, surpassing the previous record of $12.6 million for a Mickey Mantle baseball card. This highlights the increasing value and interest in iconic sports items among collectors and investors.
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What historical significance does the jersey hold?
The jersey is linked to Babe Ruth's famous 'called shot' during the 1932 World Series, a moment that has become a part of baseball lore. This connection adds to the jersey's allure, making it not just a piece of clothing but a symbol of a pivotal moment in sports history.
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Who were the bidders for the jersey?
While specific identities of the bidders were not disclosed, the auction attracted significant interest from collectors and investors eager to own a piece of sports history. The intense six-hour bidding war reflects the high demand for such rare memorabilia.
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What was the jersey's value before the auction?
Before the auction, the jersey was sold for $940,000 in 2005. Its dramatic increase in value over the years illustrates the growing market for sports memorabilia and the enduring legacy of Babe Ruth in American culture.
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What auction house handled the sale?
The auction was conducted by Heritage Auctions, which began in July and concluded on August 25, 2024. The auction house is known for handling high-profile sports memorabilia sales, and this event marks a significant milestone in their history.