Jim Palmer puts Cy Young Awards up for auction

Associated Press Modified: July 2, 2012 at 5:16 pm •  Published: July 2, 2012

BALTIMORE (AP) — Jim Palmer said he no longer needs trophies as mementos of his Hall of Fame career, so the former Baltimore Orioles ace has put his three Cy Young Awards and two of his four Gold Gloves up for auction.

Palmer, currently a TV analyst for the Orioles, did not say he was financially hurting. He's just looking to make some money by selling some of the hardware he received during his 19-year run in the major leagues.

"At this juncture of my life, I would rather concern myself with the education of my grandchildren," Palmer said. "I also have a stepson, (15-year-old) Spencer, who is autistic and will need special care for the rest of his life. My priorities have changed."

A portion of the profits will also be given to the autism project of Palm Beach County.

Hunt Auctions is taking bids online and over the phone through July 8 for the Cy Young Awards that Palmer won in 1973, 1975 and 1976, as well as the Gold Gloves he earned in 1976 and 1979. The live auction will take place on July 10.

Each of the Cy Young Award trophies, given to the best pitcher in each league by vote, is expected to garner between $60,000 and $80,000. The Gold Gloves are expected to receive bids up to $15,000.

"Certainly, when you talk about Cy Young Awards and Gold Gloves, these are the elite level of personal awards," said David Hunt, president of Hunt Auctions.

Palmer is the latest in a long line of Hall of Fame stars to put items up for auction, and his reasoning is not necessarily unique.

"Joe DiMaggio did it. So did Ted Williams," Hunt said. "They lived the moments, and their accomplishments are really the reward. It's not all about dollars and cents, either. They want to make sure the items go to homes where people enjoy them.

"With Jim, we got together and he just decided it was the right time."

Palmer realized his trophies and popularity could be used for charitable gain several years ago when in was Colorado at a fund raiser for cystic fibrosis.

"I donated a Gold Glove, a Cy Young, a round of golf at Caves Country Club and four seats to an Oriole game. And this was back when the Orioles were good — or better than they are now," he said. "There was a gentleman who had a daughter with cystic fibrosis who paid $39,000 for that and never ever took it. It was for the cause."

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