NEW YORK (January 24, 2014) Babe Ruth's pentagonal gold 1923 World Series championship watch, once believed lost to history, is going on the auction block in New York City next month.
The timepiece is expected to fetch at least $750,000 at the Heritage Auction's sale on Feb. 22.
Ruth owned the gold timepiece until shortly before his death in 1948, when he gave it to friend Charles Schwefel.
Two years later, the watch went to Lewis Fern, Schwefel's nephew and Ruth's golf caddy.
In 1988, the watch was sold privately to a sports collector, who's now selling it.
Chris Ivy, Heritage's director of sports auctions, says until now no one knew where the piece was because it wasn't sold publicly.
Ruth had the watch engraved with his name and an inscription to Schwefel, which a collectibles expert says makes it even more valuable.