LAGUNA NIGUEL, Calif. – Lou Gehrig’s 1928 New York Yankees world champions wristwatch sold for $340,000 on Monday, the day after SCP Auctions’ Mid-Summer Classic auction came to a close.

“Lou Gehrig’s 1928 World Series watch is one of the most significant items ever offered at auction representing baseball’s beloved Iron Horse,” said Dan Imler, vice president of SCP Auctions. “We are thrilled to see this treasure sell to an advanced collector for a price worthy of its quality and historical importance.”