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

Updated: November 10, 2007, 6:23 PM ET
Associated Press

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.

Copyright 2007 by The Associated Press