Last Updated on 11/26/2004 by bidz
Sports memorabilia grows to $1 billion market
By Jill Tucker, STAFF WRITER
November 26, 2004
“On Thursday someone will spend more than $1 million to buy a baseball bat, maybe even as much as $5 million.
For one skinny stick of wood.
But Babe Ruth was holding that stick when he hit the first home run out of brand-new Yan-kee Stadium on opening day in 1923.
…While the Ruth bat is the Holy Grail of sports collectibles, the market for both high- and low-end items exceeds $1 billion when you add up player cards, autographs and game-used gear.”