Until 1918 the Boston Red Sox team dominated the prestigious World Series of Major League Baseball. The 1919 season is bad for the Red Sox and the club owner Harry Frazee decides to change his strategy, preferring to build a consistent team rather than relying on a star player. The larger than life behavior of Babe Ruth and his growing demands of salary do not please Frazee : the player George H. Ruth is now available for sale !
Frazee who is also a theater director is in a urgent need of money. He accepts the proposal of the New York Yankees of a $ 300K mortgage loan hiring his Boston ballpark and sells Ruth to the Yankees for $ 100K.
The contract selling the player is signed with a notary in New York City on December 26, 1919. Cautiously some clauses are added on how both parties shall handle a probable new demand of salary increase by Ruth or a possible deficiency of the player to work for the Yankees.
Three copies of this contract have been established. Frazee's document was sold for $ 1M including premium by Sotheby's on June 10, 2005. The document attributed to Yankees owner Jacob Ruppert is offered as lot 2 in the online sale opened by Lelands with a closing date on June 30. Here is the link to Lelands.com. The third copy did not resurface.
Babe Ruth signed with the New York Yankees in the following month. The most brilliant part of his exceptional sporting career was beginning.
From a sporting point of view, Frazee's decision is a disaster for the Boston club which disappears until 2004 from the list of the World Series winners. This long period is assimilated with a curse in the legend of baseball under the name of Curse of the Bambino.
SOLD for $ 2.3M including premium