The front of the watch is engraved "Babe Ruth Yankees 1923 World Series Champions" while the back of the watch is engraved "Presented by Baseball Commissioner to George H. Ruth." Just before his death in 1948, Ruth gave the watch to his friend, Charles Schwefel and had the engraving "To My Pal Charles Schwefel" added to the back. Schwefel in turn gave it to Ruth's former golf caddy, Lewis Fern. Fern sold the watch to the current (anonymous) owner in 1988. The watch is expected to fetch around $750,000 to $1,000,000.00. With the right buyer, it could even challenge this 1920 Babe Ruth New York Yankees jersey as the most expensive piece of sports memorabilia ever sold.
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