Wednesday, March 29, 2017

Palmer's Masters-winning shoes sell for $66K

The combination of Arnold Palmer and Augusta National continues to make memorabilia collectors swoon.

Since Palmer’s passing in September at age 87, collector’s items tied to The King have steadily risen in value. The latest example of that trend came last week when the autographed FootJoy shoes Palmer wore to victory at the 1958 Masters fetched $66,000 at auction – well exceeding the original $15,000 estimate.

“You could have gotten these shoes for $5,000 any time in the last 20 years,” Ryan Carey, co-owner of Green Jacket Auctions, told “But Palmer’s death created a category of people scrambling to get pieces associated with him.”

Palmer’s win in 1958 was the first of his four Masters titles, and it earned him a total winner’s check of $11,250 which is worth about $95,000 in today’s dollars. According to the report, the sale is the sixth-highest price paid for a pair of athlete’s shoes behind two pairs from both Muhammad Ali and Michael Jordan and one from Johnny Unitas.

One of the trophies from Palmer’s Masters victories sold for $444,012 at auction in December. Like the shoes, it was sold to an anonymous bidder, and Palmer’s putter from the 1958 Masters may reportedly soon be on the auction block.

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