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Robe from 'Phantom Punch' Fight

Related Topics: Robe, Sonny Liston, Muhammad Ali

The robe Muhammad Ali wore on the night of his world-famous "phantom punch" during his 1965 fight against Sonny Liston is about to hit the auction block -- but it ain't gonna come cheap!

Goldin Auctions is putting the historic ringwear up for grabs with a starting bid of $75k ... but we're told the terry cloth robe with "Muhammad Ali" stitched on the back should fetch a quarter mil, at least!!

It ain't hard to see why -- Ali's rematch vs.