Pete Rose’s own copy of the document in which he accepted his lifetime banishment from Major League Baseball in 1989 didn’t meet a reserve price at an auction that closed over the weekend. Goldin Auctions had offered the four-page document in its inaugural auction. Eight bids were made on the banishment papers which were signed by Rose, the late commissioner Bart Giamatti and Deputy Commissioner Fay Vincent. The pre-sale estimate was $500,000-$1 million.
Owner Ken Goldin told the Associated Press that the highest bid was $236,000 ($258,600 with the buyer's premium).
The auction began October 16 and closed late Saturday night.
Goldin is now attempting to sell it privately.
Rose signed his full name on the paperwork, in which he accepts the decision of Giamatti who agreed not to make any 'formal findings' about Rose betting on baseball in exchange for Rose's acceptance of the ban. The agreement didn’t preclude Rose from petitioning future commissioners for reinstatement, but 23 years later, Rose remains a pariah to Major League Baseball and isn't eligible for the Hall of Fame.
The auction generated $800,000 in winning bids.
Among the items that were sold:
- 1930s Babe Ruth signed bat $23,582
- 1986 Mets World Series ring (Barry Lyons) $22,840
- 1995-96 Michael Jordan game jersey $22,413
- 1950s Norm Van Brocklin game worn helmet $16,105
- 1970s Roger Staubach Cowboys game jersey $14,271
- 1934 Yankees team signed baseball $12,360
Fifteen special Hurricane Relief lots raised $5,000 for the American Red Cross.