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Babe Ruth

Infamous Babe Ruth Contract Nets $996,000

The 1919 contract that sent Babe Ruth ( search ) from Boston to the Bronx — thereby dooming generations of Red Sox fans to heartbreak — was bought at auction Friday by a die-hard Yankees fan for a staggering $996,000.The crowd at Sotheby's burst into cheers when the hammer came down after 15 minutes of intense bidding. The victor: Pete Siegel, head of Gotta Have It Collectibles ( search ) in New York."I was prepared to pay almost whatever it took," Siegel said.The Rhode Island philanthropist who was the contract's previous owner said he will donate the proceeds to the hunger relief organization America's Second Harvest ( search ) , which provides food for 23 million Americans each year.The price Siegel paid was nearly double the pre-sale estimate for the Dec. 26, 1919, contract, a five-page typed document signed by owners Harry Frazee of the Red Sox and Jacob Ruppert of the Yankees. The contract recorded the $100,000 sale of Ruth to the Yankees, a transaction that altered baseball hist...

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