Maybe if they had given the employees an option? We will pay the taxes but have right of first refusal to buy it back if you sell it. If you pay the taxes, you are free to do what you want with the ring in the future.
Too late now, but it would have made for an interesting dilemma for the employees. Jeff |
I might change my mind but I am pretty sure I wouldn't take anything with strings attached as to ownership. It goes against my grain, sorry about that. I am confident I wouldn't want a ring that wasn't 100% mine. I don't do leases. :) And you mention he would have signed over his first born to KEEP the ring. But it's not his to Keep and he can't do what he wants with it......not my cup o tea.
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Don't worry, there will be hundreds of "salesman samples" on the market to buy
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Cubs WS Rings
As time goes by, I wonder how may people will claim they were offered a Cubs WS ring, but declined because of the resale clause. Sort of like the all the people who claimed they were at Woodstock in 1969 or that their mom threw out their Mantle rookie cards.
Dave Grob |
sorry, I'm late to this marvelous post!
While the employees had to promise not to resell the rings they are allowed to gift them to family members. And like it was mentioned earlier, there are probably no restrictions on family members selling them. I hate to put a price on everything, but since we are discussing this, the employee rings will be smaller, and many of them will contain non precious metals and stones. Non precious metal and stones, and a smaller size, will cause these rings to sell for less than $1,000 in the market place until enough have sold to satisfy demand and at that point, prices will continue to go lower. Just look at the Yankee 2009 rings given to ballpark ushers and vendors. They can be had for a few hundred dollars. |
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http://img.photobucket.com/albums/v2...psfh9szegg.jpg The information I have is that the gold content is a little different from what the players received but most everything else is the same. My contact is having his appraised by a jeweler and I can report back later his findings if anyone is interested. This is one beast of a ring!! |
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