500 Homerun Balls and Ken Griffey Jr.

[ICOLLECT]

TIA for reading my post. I am both a collector/dealer and promoter. My Company, TRISTAR, is hosting the upcoming Ken Griffey Jr. private signing. I am happy to answer any questions. I wanted to post the following as a collector to discuss the value proposition of a 500 Homerun signed baseball. As a collector, i am paying (yes we pay as well) and having Griffey Jr. sign my 500 Homerun baseball. I want it for my collection so i am doing it. However, i also believe it is a prudent investment for my children, whenever they decide to sell it when i am not around and i base that on the sales of similar balls. the best one i have seen was in an REA auction which had 21 of the 22 living at the time Club Members (missing Bonds). Pujols and Ortiz later joined so today there are 24 living members. I have read on this and other such group forums that people who have 500 Homerun balls wont pay to add players such as Pujols and Griffey Jr. Of Course to do so helps my company but it also is a good investment based on what i see. The aforementioned 500 Home Run baseball sold for $9988.
What will one sell for at auction signed by all 24 living members? $10,000, $15, $20,000 who knows. i have not seen one for sale yet.

My premise is that if you have one and need Griffey, Jr can you really afford not to add his signature? i understand $450 does not grow on trees. But what i will say is that I heard many collectors in the 1980's and early 90's excoriate over Mantle and DiMaggio pricing when they were $10 and $25 respectively. how do i know? i was the promoter and believe me i wish i had saved a lot more of their items at those prices. as the promoter of those shows i paid exactly the same as the public.

I know everyone has an opinion, even those who don't own a 500 HR Club baseball. But for those who do, the upcoming Griffey Jr. signing (which is nearly sold out anyway and will be prior to the signing based on the current demand), I see this as a rare opportunity to add one of the toughest signatures in the Club.
details on the link below.
i appreciate everyone's time and opinions.
Jeff

https://www.tristarproductions.com/Griffey/

[Laxcat]

I think people will regret NOT getting his signature if they don’t. I too remember people balking at $25 for Mantle autos. Wouldn’t it be awful if Griffey turns out to be bitter later in life like Mays? I’ve heard too many horror stories about Willie purposely messing up multi signed pieces.

Full disclosure, I have a 500 HR Ball that is staying just as it is. I got all of the signatures personally when I was a kid a shows.

[Big Six]

I am perfectly happy with my 500 Hoke Run Ball from that first super show so many years ago. No desire to add anyone from the recent spate of new members to the club. In my opinion, my ball would decrease in value adding anyone. And there is no way that Mantle at $25 equates to Griffey at $400+. Not even close.


Sent from my iPhone using Tapatalk

[keithsky]

I look at it Griffey will be around for another 40 years or so given a healthy normal life. Plenty of time to get his autograph some other way or maybe he'll do more shows in the future at a lower price. It was like that almost when Ripken started doing shows his prices were sky high because of breaking Gehrigs record but now have come down some.

[bigfanNY]

In 2015 I made the decision to add to my original 11 500 HR ball that I owned since new. I had a chance to add Arod and did . I am a fan having watched him hit many Home runs mostly at Yankee Stadium. I also wanted to add other players that I watched. Mostly players I saw hit homers live so it would mean something to have them on my ball.
So now I am up to 16 having added Arod, Murray, Thomas, Sheffield and Thome. And I already mailed my ball in for Griffey Jr.
I don't think I have room for all 24 Signatures So I will be choosy. I passed on Pujols because I think I have a shot on getting him later. But Griffey signings are few so I paid up. More for this one than the other 5 combined. And if Bonds was signing I would send it in a heartbeat. But I understand others have their reasons for getting and not getting players just sharing mine.
Jonathan

[felada]

I think the price is high but I did a send in anyway through mill creek. For years people have been complaining about jeter prices and how much he has signed through Steiner. Wait until he makes the HoF and see what those prices look like. Griffey prices aren’t coming down anytime soon, he isnt hitting the show circuit and I learned my lesson from Halliday. Passed on a signing to get him later and that never happened.

[Lordstan]

I think there are 2 perspectives to look at this type of subject.

The first is the value of getting him, or any player really, on an item that you personally want. This argument throws money out the window as if the item is important to you, you might pay ridiculous amounts because of that personal attachment. Paying $450 for Griffey, or $600 for Jeter, etc becomes an emotional choice. As Jonathan said, he wants to add players he enjoyed watching. Personally I have "overpaid" for autos for this reason and see nothing wrong with it.

The second is the question of intrinsic and/or resale value. What I mean is how will adding a sig to an item change the sale price of that item should you go to sell it in the future. Using Griffey as an example, IMO, there are some situations where adding his sig to a 500 hr ball would be worth it and some that are not. From a financial value standpoint, a 500 HR ball with 12 sigs would certainly sell for more than one with 11, but there is no way in my mind that it would be $450 more regardless of who the extra HOFer is except for perhaps Mantle and Williams. IMO, I just don't think adding Griffey to a ball with 11 signatures will add $450 to the selling price. On the other hand, adding him to a ball with 23, to complete it, may very well push the price significantly higher than the $450 paid for Griffey.
Steiner is a great example to use. Most of their items can be purchased on ebay for significantly less than their original selling price. Many can be had for half. Going back to my first point, sending something that has personal meaning to you is judged on an entirely different scale. Paying $600 for Jeter to signed the foul ball you caught may be worth every penny. Paying $600 for a generic signed ball that you hope to resell at some point is not.

Here are some times I "overpaid."

I paid $375 to add Aaron as the final sig to this magazine


I paid $800 to add Ali to this magazine. (Yes. That tiny sig above his photo)


Would I do both again? Yep.