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Babe Ruth jersey sells for $4.4 million

Sunday, May 20, 2012

A baseball jersey worn by Babe Ruth has sold for more than $4.4 million, a record for any item of sports memorabilia, according to the buyer and seller.

SCP Auctions says the circa 1920 New York Yankees uniform top is the earliest known jersey worn by The Bambino and it fetched $4,415,658 at the company's April auction, which ended Sunday. SCP Auctions says that price broke the previous record of $4,338,500 set in 2010 for James Naismith's founding rules of basketball.

Lelands.com says it submitted the winning bid for Ruth's jersey, which had been displayed for years at The Babe Ruth Birthplace Museum in Baltimore.

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Suzan French, a spokeswoman for Lelands.com, says the company plans to sell the jersey privately rather than re-auction it.

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