Babe Ruth Sets Record with Nearly $5M for Hat, Cap

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May 21 (Bloomberg) -- Bloomberg's Betty Liu reports that a New York Yankees jersey, the earliest known one to have been worn by Ruth in a game, fetched $4.42 million at auction, a record for an item of sports memorabilia. A cap worn by him during the early 1930s commanded a winning bid of $537,278. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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