The battle marked Ali’s return to aggressive boxing after he was stripped of his boxing license and his World Boxing Affiliation title for refusing induction into the US Armed Forces to battle in Vietnam seven years earlier.
The belt first entered the general public area in 1988 when the contents of Ali’s late boxing coach Drew “Bundini” Brown’s storage lockers had been offered at public sale.
It’s one among two WBC belts belonging to Ali after the battle which can be identified to exist; the opposite stays in a non-public assortment.
And it’s the highest worth fetched by a sports activities collectible offered at Heritage Auctions.
“After a number of hours of watching two bidders travel over this belt, this proved to be a battle worthy of the Rumble itself,” Chris Ivy, Heritage’s Director of Sports activities Auctions, mentioned in a press launch.
“We’re simply thrilled this extraordinary piece of boxing historical past — of sports activities historical past, of cultural historical past — discovered such an distinctive caretaker who will now share it with the remainder of the world.”
Irsay already owns a number of different items from Ali’s profession, together with the 1965 walkout gown that first bore the title Muhammad Ali and his sneakers from the 1975 ‘Thrilla in Manila’ battle in opposition to Joe Frazier.
The Colts proprietor has spent hundreds of thousands assembling his assortment, which options memorabilia from the worlds of sport, music, literature and politics.
He’s displaying this assortment, full with its new addition, to the general public on August 2 in Chicago and on September 9 in Indianapolis.