Masters-style green jacket bought for $5 sells for $139K

The mystery surrounding an authentic green jacket from Augusta National Golf Club that was once bought for C$5 at a Toronto thrift store likely stoked the enthusiasm of collectors and drove its sale at auction for more than US$139,000, the auction house said Monday.

Green Jacket Auctions said the distinctive sport coat worn by members of the famed Georgia club and presented each year to the Masters winner was sold Saturday, a day before the final round of this year’s tournament. The club has confirmed its authenticity.

Ryan Carey, who co-owns the auction house, said it was purchased in 1994 at a Goodwill store in Toronto, though he couldn’t say which location.

The jacket — from which the original owner’s name has been cut out — apparently escaped the store’s notice, but the man who bought it “knew exactly what it was,” Carey said, adding the discovery made headlines at the time.

That man, who Carey said was a member of the Canadian media, sold it shortly afterwards to a golf journalist in the United Kingdom “for a very reasonable amount of money,” he said. The British journalist held on to it until it was put up for auction over the weekend, he said.

“We’ve been begging the guy to sell it for years because we knew the story was so intriguing,” Carey told The Canadian Press.

The auction house has sold several similar jackets over the years, with jackets from club members usually going for about $20,000 or less, he said.

The buzz surrounding this jacket made the auction house believe it would sell at a premium, though no one suspected it to do this well, he said.

“We did not expect it to be several hundred per cent of the traditional value of a member’s green jacket but the story’s quite compelling, the mystery surrounding the jacket — I mean, it could be a champion’s green jacket, we just don’t know,” he said.

So many questions about the jacket remain, he said.

“Why was it in a thrift store? How did multiple people touch it without actually knowing what it was? And if all that happened, then why was the name cut out of it? What was there to hide by cutting the name out of it? Whose was it? And we just don’t know those answers,” he said.

“It’s just a crazy story.”

Mike Weir became the first Canadian to win a Masters green jacket in 2003.

The auction house also sold the putter Arnold Palmer used to win the 1964 Masters for more than $97,000 Sunday.

-with files from the Associated Press

Just Posted

WATCH: Christmas Wish Breakfast toy donations almost double

All toys donated Sunday will be given to the Red Deer Christmas Bureau and Red Deer Salvation Army

VIDEO: ‘Party bus’ goes up in flames in Vancouver

Fire crews responded to the late night blaze

Mothers Against Drunk Driving hold candlelight vigil

Four-and-a-half years ago Marilyn Rinas’ husband was killed in a collision with… Continue reading

Thousands expected at memorial for fallen police officer in Abbotsford, B.C.

ABBOTSFORD, B.C. — The streets of Abbotsford, B.C., will be lined with… Continue reading

One person dead, five others injured in early-morning crash in Kingston, Ont.

KINGSTON, Ont. — A man who was checking the damage on his… Continue reading

VIDEO: Replay Red Deer: Nov. 19

Watch news highlights from the week of Nov. 13

CP Holiday train to stop in Ponoka for another year

The popular train will feature entertainment from Colin James and Emma-Lee

Kittens rescued after allegedly being tossed from vehicle

Couple finds abandoned kittens new home through Facebook

VIDEO: ‘Party bus’ goes up in flames in Vancouver

Fire crews responded to the late night blaze

Chicken crosses B.C. road, stops traffic

Rooster makes early morning commuters wait in Maple Ridge

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month