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Arnold Palmer shoes from 1958 Masters victory bring in $66,000 at auction

Shoes worn by Arnold Palmer in his first Masters victory were sold for an astounding $66,000 on Saturday by Texas-based firm Heritage Auctions.

The FootJoy wingtip shoes from Palmer's controversial win at Augusta National in 1958, which were given to a pilot of Palmer's and signed by the golfing legend in 2004, had an original estimate of $15,000, and many in the industry thought even that price would be extremely generous.

"You could have gotten these shoes for $5,000 any time in the last 20 years," said Ryan Carey, co-owner of golf auction house Green Jacket Auctions.