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You are here: Home / Sports Memorabilia News / Arnold Palmer Masters Trophy Becomes 2nd Highest Priced Golf Item

Arnold Palmer Masters Trophy Becomes 2nd Highest Priced Golf Item

December 11, 2016 By Rich Mueller

A Masters Trophy presented retroactively to Arnold Palmer sold at auction for $444,012 early Sunday.  It’s second only to Horton Smith’s 1936 Masters jacket among the most expensive pieces of golf memorabilia ever sold at auction.

Green Jacket Auctions sold the trophy, which has an odd story.

The “clubhouse trophies” were created for Masters champions in 1993 and Augusta National Golf Club allowed past champions to buy the same type of trophy for each of their wins at a cost of about $17,000 eleven years ago. 

Masters trophy Arnold Palmer

Palmer won the Masters four times—in 1958, 1960, 1962 and 1964 and his company has possession of three of the trophies.  Palmer died in September at age 87.

Bay Creek Resort had planned to open a golf museum on its property in Virginia where Palmer had designed its golf course.  About a dozen years ago, Palmer agreed to let the company purchase and display the fourth trophy there but financial and legal difficulties scuttled the project.   In a statement, Palmer’s family explained what happened next.

“Ultimately, these owners did not build the museum and, instead of sending the trophy to Arnold, the owners sold the trophy to a third party without notifying our family.  As a result, this trophy is now being sold again in this auction, which is extremely disappointing to our family.”

Embed from Getty Images

 

 

There was no immediate word on who purchased the trophy, but Palmer’s family is hoping it doesn’t wind up in someone’s house.

“It was always Arnold’s intention that this trophy would be placed in an appropriate museum or institution with which he was personally associated. We hope that the winning bidder in this auction will allow the trophy to be publicly displayed so that it can be appreciated by fans of Arnold Palmer for years to come.”

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Notes: Gary Player’s Trophies Up for Sale; Washington Shop Burglary, More First Masters Tournament Ticket from 1934 Sets Record Price Green Jacket Auctions Suing Augusta National Golf Club Judge Stops Sale of Green Jackets Arnold Palmer’s 1961 British Open Driver Helped Make Pro Golf Global 1964 Masters putter Arnold PalmerPalmer’s 1964 Masters Putter Nets $97,690 in Golf Auction DIRECTV Golf TreasuresGreen Jacket Auctions Signs Reality TV Deal Masters Jacket Tag Horton SmithGreen Jacket from First Masters Winner Uncovered; Up for Bid

About Rich Mueller

Rich is the editor and founder of Sports Collectors Daily. A broadcaster and writer for over 40 years and a collector for even longer than that, he's usually typing something somewhere. Type him back at [email protected].

Filed Under: Sports Memorabilia News Tagged With: arnold palmer, golf memorabilia, Green Jacket, Green Jacket auctions, Masters, masters trophy

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