Major League Baseball

Gehrig homer ball sells for $62,617

Published Jul. 10, 2012 1:00 a.m. ET

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An auction house says a baseball New York Yankees slugger Lou Gehrig hit for a home run in the 1928 World Series has sold for $62,617.

Hunt Auctions says the ball sold Tuesday at the All-Star FanFest in Kansas City, Mo. The buyer's name isn't available.

Stamford, Conn., resident Elizabeth Gott said last week she decided to sell the ball on behalf of her 30-year-old son, Michael, so he could use the proceeds to pay off his medical school debt.

Gehrig hit the homer off St. Louis Cardinals pitcher Grover Cleveland Alexander while teammate Babe Ruth was on base. A newspaper account quoted him calling it his most significant home run at the time.

A circa-1920s bat used by Ty Cobb sold for $253,000.

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