For nearly two weeks the documents that have been nicknamed the “Magna Carta” of baseball were the focus of a major bid war.
SCP auctions in Southern California closed the sale of the documents on Sunday, April 24, to an anonymous buyer for a whopping $3.3 million. Prior to placing the “Laws of Base Ball” for sale, the auction house anticipated a closing price of over $1 million, making the fine deal a bit more jovial than hoped.
The former owner, who has chosen to remain anonymous, purchased the set of laws in 1999 for $12,000. When he set forth to sell the papers, the auction house appraised them for significantly higher, much to everyone’s amazement.
It should go without saying, there are many experiencing elation with the purchase of this cherish piece of American history.
If you like this article, then you might enjoy other articles in our archives, such as What Smart People Do To Get The Maximum Payouts For Their Gold
Liberty Coin & Currency specializes in rare coins and currency. We are a family-owned business located in Portland and Vancouver. We are also gold, silver, diamond, currency and jewelry buyers. Visit us first for a free evaluation.
Like this post? Let us know on Facebook, Twitter, Instagram, or Pinterest.
Image by SCP Auctions via cbsnews.com
