Muhammad Ali's boxing gloves garner $388,000 at auction - Cincinnati News, FOX19-WXIX TV

Muhammad Ali's boxing gloves garner $388,000 at auction

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The gloves are from Ali's 1971 fight against Joe Frazier. (Source: Heritage Auctions/CNN) The gloves are from Ali's 1971 fight against Joe Frazier. (Source: Heritage Auctions/CNN)

(CNN) - Boxing gloves worn by Muhammad Ali during his "Fight of the Century" with Joe Frazier were sold at auction Thursday.

The winning bidder, who was not identified, paid nearly $388,000 for the gloves from the 1971 bout.

Ali lost the 15 round fight at New York's Madison Square Garden.

It was the first of three match-ups between the two legendary boxers.

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