Babe Ruth hat sells for $303,000 at auction

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.

babe ruth
See Gallery
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)
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)
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)
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)

"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.

More on AOL:
Student raises $50,000 for kind homeless man
Handyman wins $10,000 on his birthday
Mass. town's 'layaway angel' pays off whole store's accounts

Read Full Story

From Our Partners