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Ruth checks to be be put up for bid

On Tuesday, Historic Auctions will open bidding on one of only two known checks in existence that are directly attributed to the sale of Babe Ruth from the New York Yankees to the Boston Red Sox.

Historic Auctions

On Tuesday, Historic Auctions will open bidding on one of only two known checks in existence that are directly attributed to the sale of Babe Ruth from the New York Yankees to the Boston Red Sox.

The faded remnants from the Curse of the Bambino are tucked inside the company vault of a small, non-descript building in St. Petersburg, residing for the next month in a town the Babe once owned.

Two oversized checks — each 5 1/2 by 12 inches — rest in air-tight, plastic cases to protect them from the ravages of time and preserve their link to a landmark moment in baseball history.

They were part of a deal that defined the future of America's past-time, one check for $100,000 dated Dec. 30, 1921 and the other from Feb. 4, 1922 for $50,000 — both made payable from the New York Yankees to the Boston Red Sox.

The cash helped put a burgeoning star pitcher and outfielder with a penchant for carousing — George Herman "Babe" Ruth — into Yankee pinstripes and simultaneously gave life to the fabled Curse. After the Babe joined the team in 1920, the Yankees went on to win 39 American League pennants and 26 World Series championships, while the Red Sox — who had dominated baseball with five titles between 1903-18 — began their 86-year World Series championship drought that didn't end until in 2004.

The blockbuster move was actually made in 1919, with Red Sox owner Harry Frazee selling Ruth to the Yankees for $100,000 to be paid over three years, along with a $350,000 loan that helped Frazee with his Broadway productions. The pair of vintage checks soon became part of that financial package — and today through May 29 the $50,000 check goes up for bid by the St. Petersburg-based Historic Auctions, with the $100,000 check part of an auction set for Nov. 4-Dec. 4.

The five-year-old company is conducting the sale online. It holds three memorabilia auctions per year, spreading the word in its glossy monthly catalogue, as well as on an e-mail list it estimates at 250,000 clients. Anyone wanted to take part can log on at http://www.historicauctions.com or call 1-888-955-2211.

"These are part of the biggest deal in sports history and obviously a big part of American history as well," said Brad Wells, CEO of Historic Auctions. The $50,000. It bears the signature of George Ruppert, who took over as team president after the death of his brother, Col. Jacob Ruppert.

The checks have been independently authenticated by PSA (Professional Sports Authenticator) DNA of Newport Beach, Calif. PSA/DNA studied the checks and encapsulated them in hard plastic covering, adding the official PSA stamp of approval beside the checks, reading "Sale of Babe Ruth to NYY."

The owner of the checks, said Wells, is an individual who prefers to remain anonymous. "They've been (kept) for several years in the gentleman's safe," he added. "He felt it was time to part with them."

Wells, 26, got into the memorabilia business at 18. He and company president James Brown, 25, made their biggest sale in 2006 auctioning the Babe's uniform pants from the legendary at-bat in the 1932 World Series when he called his home run shot. The pants went for $134,458.

"That really put us on the map," Wells said. Another prized sale was a baseball signed by Christy Mathewson ($91,045) and a baseball signed by the Babe — for years a spring training fixture in St. Petersburg — during a visit to a school where one of his childhood principals worked ($32,600).

"Every piece we auction has a story — and that's one of the things that makes this so interesting," Brown said.

Wells and Brown plan to start the bidding for both checks at $25,000. And now it's game time, when the Babe steps to the plate today in St. Petersburg one more time.

Ruth checks to be be put up for bid 04/28/08 [Last modified: Monday, April 28, 2008 3:01pm]
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