How much is a memory worth? Especially, when it isn’t your own? We found out over the weekend.

When a California auction house took in $4.4 million dollars for a shirt. Here’s CBS’ Morning News .

“Babe Ruth has broken another record. A jersey auctioned he wore in 1920, sold at auction for 4.4 million dollars.”

As you see there — the New York Post broke the story. How do we even know the jersey is authentic? The Post reports …

“The road gray duds date back to the Bambino’s first season in New York. Baseball players didn’t wear numbers yet, but the jersey was identified with “RUTH G.H.” — as in George Herman Ruth — stitched inside the collar.”

Yowza. Ruth — once the home-runs record holder — now has a new record to his name.

The New York Daily News tells us who he just surpassed with this jersey sale.

“It’s the highest sale price for a piece of sports memorabilia since 2010 when the original rules of basketball — written by Dr. James Naismith, who created the game at a Springfield, Mass., YMCA in 1891 — was sold by Soetheby’s for a then-record $4,338,500 … The famous T-206 Honus Wagner tobacco baseball card — which until Saturday was the most expensive piece of baseball memorabilia — sold at auction for $2.8M in 2007.”

CNN’s anchors have a little fun talking about the price-tag.

“4.4 million dollars.
“It’s incredible right? What are you gonna do with it? Are you gonna frame it? Are you gonna hang it on the wall in your office? It’s really remarkable. There are fans out there.”
“Apparently you have a lot of money to spend.”
“Obviously, right, in this economy!”

A point more than one media outlet picked up on. David Brown of Yahoo!’s “Big League Stew” notes, in the midst of a world-wide recession, the fetching price is commentary in and of itself.

“Unemployment remains high, banks continue to fail and Greece doesn’t know where its next meal is coming from. Regardless, the world apparently remains inhabited by persons not merely able but also perfectly willing to spend big bucks on baseball memorabilia. And hallelujah for it!”

BTW, “The Babe” died 63 years ago, and still sits near the top of the all-time home run charts.