Gibson's bat auctioned for more than $500K

Gibson's bat auctioned for more than $500K

Memories are priceless, but the tools used to create them, at least in the case of one iconic home run, are worth a hefty sum.

The bat that Kirk Gibson used to hit his home run in Game 1 of the 1988 World Series was sold on Sunday for $575,912 by broker SCP Auctions as part of a collection of memorabilia from the event. The Los Angeles Dodgers uniform Gibson was wearing when he hit the home run sold for $303,277, and Gibson's helmet from that night was purchased with a winning bid of $153,389. The identities of the winning bidders were not released.

Gibson, now the manager of the D-backs, said that after possessing the items for 22 years, he wanted to make sure the items found a good home.

"I was never really a collector," Gibson said in a statement announcing the auction. "As I looked at it and I started thinking about where I am in my life, I don't want to have to worry about making sure these items are secure somewhere."

Gibson also auctioned off his World Series trophy from that series, which the Dodgers won in five games over the A's, as well as his 1988 National League Most Valuable Player Award. The MVP Award went for $110,293, while the World Series trophy brought back a winning bid of $45,578. The proceeds from the sale of these two items went to Gibson's foundation, which supports educational causes in his native Michigan.

"I just felt like maybe it's time to let the people who do like to collect things and display them buy them and then take some of the proceeds and fund my foundation," Gibson said. "I want to make sure those scholarship funds go on forever."

Other lots sold in the auction included the bat used by Babe Ruth in 1934 to hit his 702nd home run, which garnered a winning bid of $137,886, and a bat Ty Cobb used between 1922-24, which was purchased for $75,330.

Sunil Joshi is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.