00:00:NaN

Babe Ruth "Called Shot" jersey becomes most expensive sports collectible ever

In the wee hours of the night, one collector purchased one of the most iconic and debated jerseys in sports history.

Babe Ruth's "Called Shot" jersey was sold for a record $24.1 million, making it the most expensive piece of sports memorabilia ever publicly sold.

Darren Rovell breaks down what this means for the hobby, for the game-worn market and why Ruth remains atop the memorabilia mountain.