For sale: A $50,000 installment payment for Babe Ruth in Auction

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Posted By: Neal

Pretty neat story...


Check it out right from the Boston Globe!

http://www.boston.com/news/local/breaking_news/2008/05/for_sale_a_5000.html

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Posted By: Matt

Cool piece of history!
I'm betting that the auction house would have preferred the paper left out this line:
"Another $100,000 Yankees check from Dec. 30, 1921, will hit the auction block in December."

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Posted By: DD

IMO, it's early publicity for the higher amount check, probably to be auctioned by the same people.

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Posted By: Matt

I agree, but I would think a 1 of 1 would bring in more then a 1 of 2.

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Posted By: Frank Wakefield

My recollection from what I've read is that Colonel Ruppert paid his half of the $100,000 with a check, the earliest of these two. Ruppert's partner and co-owner of the Yankees, Tillinghast L'Hommedieu Huston, paid with 50 one thousand dollar bills.

I am not certain of that, but I think that's what happened. Surely there's a Yankee fan who knows enough team history to verify that.

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Posted By: Seth B.

Regardless of the auction hype, this is a very cool item. Any guess on where it will end up $$$-wise?

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Posted By: MVSNYC

Frank- the story you are refering to is regarding the 1914 purchase of the Yankees.

On December 31st, at the Hotel Wolcott, Col. Ruppert & Col. Huston bought the Yankees for $450,000.

Ruppert brought his attorney and a certified check for his half...

Huston came alone, reached into his pocket, pulled out a huge roll of cash and proceeded to count out 225 thousand-dollar bills...