Lou Gehrig’s 1928 New York Yankees World Champions wristwatch didn’t sell during SCP Auctions’ “Mid-Summer Classic” online auction over the weekend but a deal was made Monday and the watch was sold for $340,000 to the person who had been the high bidder.

“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.”