One of the items in Heritage Auctions’ next catalog is rags to riches story.
The 1915 Boston Red Sox World Series championship pendant was once the property of team owner Joseph Lannin, the son of Irish immigrants who was orphaned at age 14 but became one of the wealthiest men in Boston.
The pendant, one of only two known to have survived over the last century, makes its auction debut in May where it’s expected to fetch a minimum of $30,000.
Lannin, a dirt poor young lad who somehow made his way from Quebec to Boston on foot as a young teenager, was a fast learner who despite the lack of a college education, made significant amounts of money in the commodities market, which led to lucrative real estate investments.
In 1913, he purchased the Red Sox with a group of other investors and became sole owner of the team the following year. Lannin signed off on the team’s acquisition of a young minor leaguer from Baltimore named Babe Ruth.
The championship won by the 1915 Red Sox resulted in the creation of the pendant, the first of which came to market two years ago through Heritage. The award presented to Everett Scott sold for nearly $100,000. The Lannin example is missing its leather “ribbon” and gold latch but the genuine diamond at the center remains. Lanin’s name as team president is engraved on the back.
The 14k gold pendant measures 1 ¼” in diameter and weighs 18 grams.
Bidding in the auction is expected to begin Wednesday, April 19.