Original basketball rules sold for $4.33M

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, Last Updated: 8:30 PM ET

New York, NY – The 13 rules that Dr. James Naismith wrote in 1891 to govern his created game of "Basket Ball" were sold at auction on Friday for a final price of $4.33 million.

The auction, conducted by Sotheby's, was made to benefit the Naismith International Basketball Foundation on behalf of Ian Naismith, James' grandson.

The winning bid came from David and Suzanne Booth of Austin, Texas. David, a University of Kansas alumni, plans to display the 119-year old papers at the university as a testament to Naismith, who was KU's first basketball coach and one-time athletic director.

"We are delighted to learn that David and Suzanne Booth have acquired Naismith's Rules of Basketball, a piece of sports history that is intertwined with the University of Kansas and its storied tradition of basketball excellence," said University of Kansas Chancellor Bernadette Gray-Little. "Naismith was KU's first coach and started what would become one of the winningest college basketball programs in the nation, and certainly the most tradition-rich."

James Naismith created the game of basketball in December of 1891 as a winter activity for the members of the Springfield Massachusetts YMCA where he was a physical education instructor.


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