Hard to tell with these generic style ones. There's a similar generic looking Cleveland Naps Pennant on ebay that is more than likely a "concoction".
This Athletics one actually looks right in terms of the material, embroidery and overall style. I think that the reason it failed to sell (twice) can be chalked up to 4 things...
1. People are suspicious of its authenticity
2. The graphics are generic in nature, and not too exciting
3. There's a very conspicuous missing chunk of felt (lessening its appeal)
4. The seller has probably set the reserve too high.
I believe it got close to $900 the first time around, and still failed to make reserve. The greed factor and unreasonable reserves seem worse than ever on ebay these days. If it's not outrageous Buy It Now prices, it's high reserves. I guess many of these sellers aren't clued into the crappy economy (or aren't very eager to sell until things pick up).
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