Colts Owner Irsay Pays $6M for Ali Belt at Auction - Colts owner Jim Irsay made a major late-night acquisition at a hefty price tag. Irsay''s latest move wasn''t football-related. Instead, it is the newest addition to his growing historic collection: Muhammad Ali''s WBC championship belt won in the fighter''s 1974 "Rumble in the Jungle" victory over George Foreman in Zaire. Irsay acquired the item for $6 million at auction after a bidding process that lasted until nearly 4 a.m. Sunday morning. It is considered one of the most treasured examples of boxing memorabilia in existence. The belt sold in 2016 for $358,500 and then sold in 2017 for $120,000. According to Heritage Auctions, the belt is one of just two known Ali WBC belts; the other is held in a private museum collection and unlikely to be sold, according to the company.
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