The most famous name in all of baseball is rising up once again thanks to a very famous bat of his going to auction.Babe Ruth hit his 500th home run in 1929 and now years later, it is going up for auction. AP's Beth Harris is covering the story:

Ruth became the first player to reach the coveted plateau on Aug. 11, 1929, hitting a solo shot for the New York Yankees off Willis Hudlin at League Park in Cleveland.

In the mid-1940s, Ruth gave the bat to his friend Jim Rice, who was mayor of Suffern, New York. Ruth and Rice enjoyed golfing, bowling and dining together, and Ruth was a regular visitor to the Rice household, where he came to know Jim’s wife, Ethyl, and their children. Rice once beat Ruth in five straight games of bowling.

Read the whole story HERE.

It is reported that the bat could be sold for $1 million.