Traverse City Record-Eagle

Business

February 19, 2013

Bidding starts for Schilling's bloody sock

PROVIDENCE, R.I. (AP) — Bidding is under way for the bloody sock worn by former Red Sox pitcher Curt Schilling in the 2004 World Series, which he put up for sale after the high-profile collapse of his video game company.

Chris Ivy, director of sports for Texas-based Heritage Auctions, said online bidding opened at $25,000 and was up to $32,500 by Monday. Live bidding will take place in New York City on Saturday.

The sock — stained when Schilling pitched on an injured ankle during the second game of the World Series that the Sox went on to win — had been on loan to the National Baseball Hall of Fame and Museum. But it was returned to Schilling so he could sell it to cover personal loan guarantees to his startup, 38 Studios.

The auction house has estimated the sock will go for at least $100,000.

“I wouldn’t be surprised to see it go for much more than that,” Ivy said.

The sock will be displayed at the auction house’s Manhattan office beginning Wednesday.

38 Studios was lured to Providence from Massachusetts after Rhode Island’s economic development agency in 2010 approved a $75 million loan guarantee. Less than two years later, 38 Studios ran out of money, laid off all its employees and filed for bankruptcy.

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