Babe Ruth hat sells for $303,000 at auction

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Holy Bambino! Babe Ruth Baseball Cap Sells for $303,000

He was a baseball legend. And anything that Babe Ruth touched apparently also became legendary. Like, hundreds of thousands of dollars legendary.

This hat, worn by the Bambino himself during a tour of Japan in 1934, sold for $303,000 at auction.

"It's just one of the items sold during the auction on Wednesday, actually, a baseball signed by Ruth and Lou Gehrig and shoes worn by Michael Jordan sold for tens of thousands of dollars," a reporter for HLN says.

Why would a 80-year-old hat be worth that much? CNN asked the same question everyone is thinking.

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Babe Ruth hat sells for $303,000 at auction
Babe Ruth's hat sold for over $300,000 at an auction. (Photo credit: Grey Flannel Auctions)
Babe Ruth is seen in an undated photo. (AP Photo)
TOKYO - NOVEMBER, 1934. Babe Ruth, American home run king, demonstrates his power during an exhibition game in Tokyo, Japan in November of 1934. (Photo by Mark Rucker/Transcendental Graphics, Getty Images)
Babe Ruth decides that Dizzy Dean's pitching arm is ripe for the All-Star game in which the Cardinal hurler was slated to be starting pitcher. Ruth meets with Dean in Washington on July 7, 1937. (AP Photo)
BETHESDA, MD - OCTOBER 3: Bertram R. Abramson, 99, is a lifelong Washingtonian and a longtime baseball fan. Abramson attended a World Series game at Griffith Stadium in 1924, the year Washington won its first and only world championship. Abramson holds a baseball that was signed by some of the old Washington Nationals (including Walter Johnson), as well as some other famous ballplayers, including Babe Ruth and Ty Cobb. His brother, Irving, got the signatures and owned the ball; he shellacked it at one point, and Abramson is still mad about that because it killed the ball's value!(Photo by Sarah L. Voisin/The Washington Post via Getty Images)
Babe Ruth, greatest figure of baseballs' modern age, has given up hope of ever returning to the game he glorified for two decades. The Babe, born George Herman Ruth almost 46 years ago, is shown taking life easy amidst countless trophies of his baseball prowess. Although golf and hunting take up much of the former home run king's nevertheless he will go south in Feburary to take his place on the faculty. (AP Photo)
Babe Ruth directs play from the coaching box shortly before being ordered off the field, date and location unknown. (AP Photo)
NEW YORK - 1930. Babe Ruth signs a baseball for Prince Kaya of Japan and his wife before a game at Yankees Stadium in 1930. (Photo by Mark Rucker/Transcendental Graphics, Getty Images)
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"The navy blue hat emblazoned with a 'US' logo is believed to be the only hat the legendary slugger wore during the monthlong tour ... except when he swapped the cap for a little leaguer's hat, resulting in the classic photo of the Sultan of Swat with a tiny hat perched on his head."

OK, so it has the rarity factor going for it. Ruth was overseas to play 18 exhibition games in an attempt to calm tensions between the U.S. and Japan.

A hat worn by Joe DiMaggio also made it into the same auction. It sold for $151,000.

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