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Palmer's Masters Trophy gets $444K at auction

A Masters Trophy purchased for Arnold Palmer sold for $444,012 on Sunday morning.

It's the second-highest price paid for a piece of golf memorabilia, behind only Horton Smith's 1936 Masters jacket, which sold for $682,229.

The trophy was sold by golf auction company Green Jacket Auctions, which also auctioned the Smith jacket in 2013.

"Arnie did it again," said Ryan Carey, co-owner of Green Jacket Auctions. "We knew that this was a special piece, but even we were impressed by the level of interest from Arnold Palmer fans. Simply put, people love Arnold Palmer.