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1923 New York Yankees Stock Certificate - Issued to Team-Owner Jacob Ruppert
Starting Bid - $500.00 , Sold For - $10,575.00
Rare New York Yankees stock certificate issued to, and signed by, team owner Jacob Ruppert. The certificate, dated May 27, 1923, certifies that “Jacob Ruppert is the owner of 6 ½ shares of the Capital Stock of American League Base-Ball Club of New York (Inc.).” It has been signed in black fountain pen (“8”) along the base by “Jacob Ruppert” as President (grading "8"), and by Tillinghast Huston, as Secretary (grading "9"). Ironcially, this certificate was issued just two days after Ruppert completed the purchase of Captain Tillinghast L'Hommedieu Huston’s share of the New York Yankees for $1.5 million. Together, Ruppert and Huston purchased the Yankees in 1915, but in late 1922 Huston agreed to sell his share to Ruppert, thereby making him the sole owner. Although the transaction was agreed upon earlier, it wasn’t officially completed until May 23, 1923. Immediately upon the purchase, Ruppert wired his team in Chicago: “I now am the sole owner of the Yankees. Miller Huggins is my manager.” Needless to say, this is almost certainly the last New York Yankees stock certificate ever signed by the pair. During Ruppert’s sixteen-year tenure as sole owner of the Yankees the team captured eight pennants and seven World Championships. Ruppert passed away on January 13, 1939; following his death these shares were turned over to his brother, George Ruppert, as duly noted on the reverse. A blue-ink notation on the front of the certificate reads “Cancelled Dec 17, 1940 – Cert No. 37 Issued in its stead.” This is an extremely rare and unusual fully executed early New York Yankee stock certificate. This is the first example of this style we have ever seen. The fact that it is made out to team owner Jacob Ruppert makes this a very historically significant example as well. The certificate (11.5 x 8.75 inches) displays two vertical folds (one of which touches upon Ruppert’s signature), minor tears along the edges of the fold lines, staples, and a paper-clip impression. Excellent condition overall. LOA from James Spence/JSA. Reserve $500. Estimate $1,000+. SOLD FOR $10,575.00
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