In the winter 1919, when Babe Ruth made the historic trade from the Boston Red Sox to the New York Yankees, Ruth's contract made the journey to New York with him. The three year contract from 1919 to 1921 saw Ruth paid $10 000 per year for each of those three seasons.

Babe Ruth Image via Yahoo Sports Babe Ruth
Image via Yahoo Sports

In 1921, the Yankee team which Ruth was a major player in won their first ever World Series. Ruth had smashed 113 home runs while driving in 308 runners. The Yankees outdrew their Polo Ground co-tenants (the New York Giants) by more than 360 000 fans in 1920, and by more than 250 000 in 1921, and Ruth had a little something to do with this.

12291a_lg 1922 Babe Ruth New York Yankees Contract – His First Ever Yankee Signed Contract! Three Year Contract Covering First Yankees World Championship 1923 (PSA/DNA)

The colossal figures of fans attending Yankee games meant that by 1922, they built their own ballpark, as Giants manager John McGraw didn’t want the Yankees sharing his Polo Grounds after the 1922 season.

Babe Ruth knew his epic plays were drawing in the crowds, and in turn putting extra money in the pockets of Yankee co-owners Cols. Jacob Ruppert and Tillinghast Huston. A shrewd businessman, Ruth wanted his pay to reflect his talents, and after several offers in the tens of thousands of dollars, Ruth demanded $52 000 per season. When asked about this figure, Ruth reportedly responded: ''Well, there are 52 weeks in a year, and I've always wanted to make a grand a week.''

Legend has it, that his final contract was decided on a coin toss in Col. Huston’s hotel room. Ruth called ''tails'' and received his $52 000 a season contract, a figure three times the amount any other player in the game had ever been paid.

When Ruth retired in 1935, he was still the highest paid baseball player.

The sale at Goldin also features Ruth's right-handed catcher's mitt, circa 1912, the St. Mary's era. The glove is the only one ever to be authentically attributed to Babe Ruth, and it is from his days playing in the minor leagues.

The glove was used by Ruth whilst he played for St. Mary's Industrial School for Boys. After run-ins with the law and a stint of truancy following his mother's death, Ruth's father sent his troubled son to the Jesuit brothers of St. Mary's Industrial School for Boys.

Babe Ruth's Circa 1912 St. Mary's Era Used Right Handed Catchers Mitt from Babe Ruth Museum (LOAs Included from PSA/DNA, MEARS, Babe Ruth Museum, and Family Provenance) Babe Ruth's Circa 1912 St. Mary's Era Used Right Handed Catchers Mitt from Babe Ruth Museum (LOAs Included from PSA/DNA, MEARS, Babe Ruth Museum, and Family Provenance)

Here, the first photograph of Babe Ruth playing as part of a baseball team was taken. In the photograph from 1912, Ruth can clearly be seen wearing a right-handed catcher's mitt. Ruth, of course, was a lefty, and made his name as a southpaw pitcher and then as a right fielder.

Left-handed catcher's mitts are a special order item, even today, so the chance of a left-handed Babe Ruth digging one out of an equipment barrel at St. Mary's in 1912 would have been unlikely. Like all the other boys at St. Mary's, Ruth had to make do with what they had.

In the spring of 1914, Ruth was scouted by Jack Dunn of the minor league Baltimore Orioles. That year Ruth dominated the International League with 16 wins when he was sold to the Boston Red Sox mid-season.

Through the decades it was always known that the treasured family heirloom once belonged to the Babe and might not have ever saw the light of day had it not been for a fortuitous meeting at a cookout in 1993. Craig Prescott was introduced to another guest, Michael Gibbons who happened to be the Executive Director of the Babe Ruth Museum. Soon the Prescott family voted to loan the mitt to the museum where it became one of their most popular exhibits.

Now the Prescott family has decided to part with this treasure with a portion of the proceeds going to the Babe Ruth Museum. As any historical relic should, the Babe's mitt shows its age, but still discernible on the heel is what appears to be the model number "F150."

Letters of Provenance from the Prescott Family and the Babe Ruth Museum as well as PSA/DNA (1G00267) and MEARS accompany the glove. It also comes with audio file recording taken in 1993 from the last remaining Petschke brother detailing how the mitt was acquired and their relationship with Babe Ruth. 10% of the hammer price from the mitt will be donated to the Babe Ruth Museum.

Listen here to an audio recording from 1992 between the Babe Ruth Museum and Irving Petschke, the younger brother of Edward, which details the history of the glove.

Goldin's live auction will run until April 30, with a catalog auction taking place on May 7, 2016. Check out the full catalog on Barnebys here.