Babe Ruth’s ‘called shot’ jersey: a record-breaking auction
In a stunning display of sports memorabilia’s enduring value, Babe Ruth’s 1932 World Series jersey has shattered auction records, selling for $24.12 million. This iconic piece of baseball history, worn during Ruth’s famous “called shot,” has now become the most valuable piece of sports memorabilia ever sold. The legend of the ‘called shot’ During Game […]
Lower Starting Bids Result in Higher Value in Auctions
Results of the “Starting Low but Ending High: A Reversal of Anchoring Effects and Auctions” study in 2006 conducted by Gillian Ku et al showed that contrary to popular belief of “start high, end high” effects in individual and dyadic negotiations, when it comes to auctions, lower starting bids result in higher final prices. Three […]
