Muhammad Ali gloves fetch $385K

The gloves that Muhammad Ali wore in his Feb. 25, 1964 bout against Sonny Liston, when he was known as Cassius Clay and won the heavyweight championship for the first time, and the gloves that he wore in his first fight of his epic trilogy with Joe Frazier on March 8, 1971, each sold for $385,848 in bidding that concluded Saturday.

The items were auctioned by SCP Auctions, which generated $1.3 million from the sale of more than 100 pieces of boxing memorabilia from the estate of the late Angelo Dundee, the International Boxing Hall of Famer, who was Ali's longtime trainer.

Dundee died in February at age 90 and his son, Jim Dundee, decided to auction off the memorabilia. He said he plans to donate a portion of the proceeds from the sale to the Muhammad Ali Foundation and also to help care for his sister Terri, who has multiple sclerosis.

According to Southern California-based SCP Auctions, the sale of the famed pair of gloves set a world record for any piece of boxing memorabilia at public auction. There were nine bids made on the gloves from the Frazier fight and eight for the gloves from the Liston fight.

Jim Dundee said the two sets of gloves were stored in a safe deposit box since the fights.

"It's kind of bittersweet," Dundee said to the Associated Press about selling them. "These have been in our possession for nearly 50 years. Dad would bring them home and I would store them."

Many other Ali items were also sold, including several pair of fight-worn gloves:

• A 1966 heavyweight championship defense against George Chuvalo: $66,734.

• The 1972 rematch with Floyd Patterson: $66,734

• A 1970 fight with Oscar Bonavena: $31,129.

• The 1962 fight against Archie Moore: $50,137.

One of the more odd items in the collection, the mouthpiece that Ali wore in his final fight, a decision loss to Trevor Berbick in 1981, sold for $6,691.

Dundee also trained Sugar Ray Leonard, and the gloves he wore when he beat Roberto Duran in their famous "No mas" welterweight championship rematch in 1980 sold for $34,243.