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Pete Rose banishment document fails to reach reserve price at auction on Saturday night

Nov 18, 2012, 5:29 PM EST

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ESPN’s Darren Rovell tells this depressing tale:

Pete Rose’s copy of the document that banished him from baseball failed to meet its reserve price when the auction closed on Saturday night.

The document, signed by “Peter Edward Rose,” as well as by then commissioner A. Bart Giamatti and deputy commissioner Fay Vincent, received bids up to $235,000.

But Ken Goldin of Goldin Auctions, told ESPN.com that it did not meet the reserve price, which has not been revealed.

The document does not include an admission by Rose that he bet on baseball — that came later in a 2004 autobiography titled “My Prison Without Bars” — but it did officially make him ineligible for the Hall of Fame and barred him from ever getting another job in MLB.

Goldin called it “the most important document in baseball history,” but collectors apparently did not agree.

The 1919 contract that sent Babe Ruth from the Red Sox to the Yankees sold for $996,000 in 2005.

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