January 31 auction temporarily postponed as auction house negotiate with an interested party who intends to arrange a permanent public display of the contracts
RUNNEMEDE, NJ – JANUARY 25, 2019—One week before Jackie Robinson’s original professional baseball contracts with the Brooklyn Dodgers and the Montreal Royals, were to be sold at auction, Goldin Auctions, has announced a temporary postponement of the auction to negotiate a deal to put the contracts on permanent public display and continue to promote his legacy for future generations.
“As we’ve stated throughout this process, our preferred outcome is to find a buyer interested in purchasing the documents prior to the auction who would guarantee a permanent public display of the contracts,” said Ken Goldin, Founder of Goldin Auctions. “Following the opening of the auction, we were contacted by an interested party who shares our goal of a permanent public display of the documents. Rather than using the auction as a deadline, we felt it was in everyone’s best interest to postpone the auction during the negotiations.”
The two contracts, which are being offered as a single lot, were signed by Robinson on October 23, 1945, with the Montreal Royals and on April 11, 1947, with the Brooklyn Dodgers. They were appraised for $36 million by rare document expert Seth Kaller, who has appraised many comparable historical items, including Abraham Lincoln signed copies of the Emancipation Proclamation and Benjamin Franklin signed copies of the U.S. Constitution. The documents are currently insured and appraised by Chubb for $36 million.
About Goldin Auctions
Sports memorabilia impresario Ken Goldin has sold more than $600 million in memorabilia from many of the biggest names in sports, history and pop culture and was the pioneer of using the medium of television to sell sports memorabilia. Goldin Auctions strives to break new ground and offer collectors the best in collectible treasures up for auction in the marketplace. All game-worn or autographed items come with team, player, league or additional LOA from industry-leading authenticators, and collectors can bid with confidence that their proxy/ceiling bids remain confidential. For more information, visit www.goldinauctions.com.