Naismith Document Sold For More Than $4 MillionA historic document that details the original rules of basketball, written 119 years ago as a winter sport for boys of a Massachusetts YMCA, was sold for more than $4 million on Friday to raise money for charity.
Basketball Rules, 'Emancipation' Copy Up For AuctionJames 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.
Naismith's Basketball Rules Up For Auction In NYCSotheby's is offering the Naismith Rules on Friday afternoon as part of a sale of historic documents. The presale estimate is $2 million.