Lou Gehrig’s 1928 New York Yankees World Champions wristwatch didn't sell during SCP Auctions’ “Mid-Summer Classic” online auction over the weekend but a deal was made Monday and the watch was sold for $340,000 to the person who had been the high bidder.
“Lou Gehrig’s 1928 World Series watch is one of the most significant items ever offered at auction representing baseball’s beloved ‘Iron Horse,’” said Dan Imler, vice president of SCP Auctions. “We are thrilled to see this treasure sell to an advanced collector for a price worthy of its quality and historical importance.”
The $340,000 price marks one of the highest prices ever paid for a Gehrig item. In total, the auction of 850 sports memorabilia lots brought in just over $2.9 million. In November 2011, SCP Auctions sold a game-used bat swung by Gehrig in 1939 to hit his final home run with the New York Yankees during a Spring Training game for $403,664.
The sale of the watch will benefit the ALS Association with the consignor and SCP Auctions agreeing to make donations to their local ALS Association chapters. “With this summer marking the 75th anniversary of Gehrig’s ‘Luckiest Man Alive’ speech, it seems only fitting,” added Imler.
No word on the identity of the buyer.
How much is one of Derek Jeter's last home run balls worth? It was worth $12,500 to a Tennessee collector according to a story in the Toronto Star, which spoke to team officials about how the ball made it onto the Jays' website.
Jeter homered in Toronto June 24, with the ball landing in the bullpen. From there it was authenticated and prepared for sale. Jeter didn't homer again until August and has hit only three all year so as of now, it's the next to last home run ball of his career.
Of course, anything can happen between now and October.
Long-time hobbyist Andy Sandler of All-Sports Auctions has launched his latest online catalog.
Among the items up for bid are high grade 1960s and 70s Topps baseball sets, vintage graded and ungraded Hall of Famers from various eras, single-signed baseballs, a 500 home run club signed litho and ball, game-used jerseys, early 1900s baseball and basketball equipment, very early hobby publications, wire photos, stadium items, cards from rare and regional sets, early pro basketball pennants and more.
The auction is here. It closes Friday, September 5.