Jersey from Yankees Hall of Famer Gehrig auctioned off for $402,500

11/10/2007 - MLB New York Yankees

LOUISVILLE, Ky. -- Someone shelled out a lot of green to
grab a piece of "The Iron Horse" at the Louisville Slugger Museum
and Factory auction on Saturday.

A 1938 game-used jersey worn by New York Yankees Hall of Famer
Lou Gehrig went for $402,500 to an anonymous bidder. The price is
considered to be a record for a game-used Gehrig jersey sold at
public auction.

The jersey was originally acquired in 1938 by a New Jersey man
trying to form an amateur baseball team. The team folded after one
season, and the jersey remained in storage for years.

A collection of 44 Hall of Fame autographed cards and postcards
were sold for a total of $165,746. A series of 2007 Major League
Baseball All-Star Player Homerun/Workout Day jerseys was sold for a
total of $51,980. The money raised by the sale of the jerseys will
be donated to MLB's Baseball Assistance Team charity.