Babe Ruth's 1927 World Series ring, 1919 Red Sox-to-Yankees contract are up for auction

If you're a fan of vintage baseball memorabilia (and have a few hundred thousand dollars to spare), you might be interested in a pair of items being auctioned off on the Web.

Babe Ruth's 1927 New York Yankees World Series ring is currently up for auction. The starting bid was $100,000, but as of Monday at noon Arizona time, the high bid was $505,446, meaning it will be the highest-priced sports championship ring ever sold, according to ESPN's Darren Rovell. 

Ruth's 1919 contract that sent him to the Yankees from the Boston Red Sox (and resulted in the "Curse of the Bambino") is also up for auction. The starting bid for this item also began at $100,000, but the high bid was $345,226 as of midday Monday.

Actor Charlie Sheen owns both items and decided to place them on the market. "I've enjoyed these incredible items for more than two decades and the time has come. Whatever price it brings is gravy," Sheen told ESPN.

Auctions for both items are set to end Friday at 6 p.m. Arizona time.

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