Judge 62nd HR ball - turned down $3 million; good idea or not?

[Carter08]

I would think the under all day. And I’m usually wrong.

[BobbyStrawberry]

I would wager that he ends up getting more, but it would be hard for me to turn that offer down!

[JustinD]

I would be insanely impressed if it breaks 750k at auction in the current market. But I am probably wrong.

[packs]

I had a similar figure in mind. I would guess 850.

[BobC]

I'd say no and delay to hold onto the ball for at least a full year, so I could then argue it was now subject to long term capital gain federal tax rates and keep the potential tax savings. On a $3MM sale you're talking around an extra quarter million dollars or more in your pocket, just by being a little patient.

[Snapolit1]

Goldin will make damm sure it doesn't sell for an embarrassing number.

[Mark17]

Originally Posted by Snapolit1

Goldin will make damm sure it doesn't sell for an embarrassing number.

I'm thinking the same thing. Goldin will promote the h*** out of it.

Suppose Goldin, the seller, and the potential $3 mil buyer work a deal where the ball is offered with a $2.5 million reserve, and if the reserve isn't met, the buyer gets it for $2.5 mil.

Something like that would mean:
1. Goldin gets a ton of publicity for offering another mega item, and chance to set a new record for a baseball.
2. Seller has the chance to score huge.
3. Seller has a guaranteed $2.5 mil, worse case scenario.

The $3 mil offer people either miss out, or get it while saving a half million dollars. Or, they bid on it themselves.