Lou Gehrig's bat sells for more than $1 million

Lou Gehrig pictured in 1939.|Art or Photo Credit: AP

A bat used by New York Yankees great Lou Gehrig has sold for more than $1 million.

The bat, which dates back the early 1920s, was put up for auction by Heritage Auctions in Dallas in February with a $950,000 reserve price.

Heritage Auctions director of sports auctions Chris Ivy said the reserve wasn't met, but a private buyer purchased the item last week for $1.025 million.

"We had been discussing the bat with (the buyer) over several conversations the last couple weeks," Ivy said, per ESPN.com. "He decided to pull the trigger last week and make the purchase."

According to Ivy, Gehrig liked this particular Louisville Slugger so much that he sent it to the manufacturer to use as a model for his future bats.

Gehrig, who died at 37 in 1941, batted .340 with 493 home runs and 1,995 RBI in 17 seasons with the Yankees (1923-39). He was inducted into the Hall of Fame in 1939 by a special election.

A bat used by fellow Yankees legend Babe Ruth to hit his first home run at Yankee Stadium sold in 2004 for $1.3 million.