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Report: Rare Lou Gehrig Bat Sells for More Than $1 Million at Auction

A nearly 100-year-old bat that Yankees legend Lou Gehrig used sold for $1,025,000 this past week, according to ESPN's Tom VanHaaren.

The bat, which per ESPN, had never been sold at auction before, was purchased by a private buyer after the initial auction.

Chris Ivy, director of sports auctions at Heritage Auction in Dallas, told ESPN that the bat is significant as it was the one sent to manufactures to use as a model for any other bats produced for him.

"He sent this one back and said, 'Like the specs, I like the length, I like this weight, and I like how this bat was created in the factory,'" Ivy said.