NEW YORK — A historic document that details the original rules of basketball has been sold for more than $4 million at a New York City auction.
Sotheby’s offered the Naismith Rules on Friday as part of a sale of historic documents.
James Naismith wrote the 13 rules nearly 119 years ago. The physical education instructor invented basketball as a winter activity for a YMCA in Springfield, Mass.
The basketball document is typed, but also contains handwritten notes.
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It was sold to raise money for the Naismith International Basketball Foundation. It promotes sportsmanship and provides services to underprivileged youths around the world.
The sale price of $4.3 million includes a buyer’s premium.