5. Ruth Sold...Checks Used in Transaction Now For Sale
By 1918, the Red Sox had won their fifth World Series, which was unprecedented at that time. One of their talented young pitchers was George Herman Ruth, better known among vintage card collectors today as "The Babe."
Late the following year, however, Red Sox owner and Broadway producer Harry Frazee, financially strained because of slumping attendance at his shows, was prompted to sell Ruth. He reached a deal on December 26, 1919 to sell Ruth to Yankees owner Jacob Ruppert for $100,000. As part of the deal, the Yankees also promised to loan Frazee $300,000 with Fenway Park as collateral.
Now eight and a half decades later, two of the bank drafts used as part of the transaction are on the auction block. They have important historic significance in that the loan that they represent cemented the deal that sent Ruth from the Red Sox to the Yankees in 1920. That deal is considered by many to be the most historic and lopsided sale in sports history. The checks are part of the infamous trade that sparked a Yankee dynasty and an 85-year draught in Boston known as "the curse of the Red Sox."
Although the Red Sox "reversed the curse" by finally overcoming the Yankees in 2004, the Ruth sale more than eight decades ago marked the beginning of the celebrated and intense rivalry between the two clubs that continues to this day.
The two checks, both made payable to the "The Boston American League Baseball Club," are signed by Ruppert and fellow Yankee owner T. L. Huston. They are also endorsed on the back by Frazee. One from December 30, 1921 is for $100,000 and the second from February 4, 1922 is for $50,000. The checks are featured in the Sotheby’s with SCP Auction scheduled to close on June 24th. They are are part of the Jacob Rupert Collection, containing thousands of historical Yankee-related documents, letters, official notes, payroll and other checks also being auctioned. Items to be auctioned will be on display at Sotheby's New York galleries until the day before the auction. Further details about the auction can found on the Sotheby's or the SCP Auctions website.