The Ohtani 50 50 ball -- lawsuit to stop Goldin Auction

[jingram058]

Originally Posted by Peter_Spaeth

By agreement, the preliminary injunction hearing is canceled, and the auction will continue. I infer that means the proceeds will be kept in escrow and barring a settlement, the court will later conduct a trial to determine entitlement. So much for any romantic notion the kid really wanted the ball, I guess.

Wow. How lame is that.

[Peter_Spaeth]

Once it sells for some absurd amount, I bet these guys reach an allocation rather than rolling the dice.

[Peter_Spaeth]

2.1 million current bid, ends tonight.

[jayshum]

Originally Posted by Peter_Spaeth

2.1 million current bid, ends tonight.

Don't forget the 22% BP so it's really at $2,562,000

[oldjudge]

LOL, the 50/50 ball. Does anyone think that the odds are at least 50/50 that the buyer will be able to recover his or her money in the future if they decide to sell? I sure don’t. In my mind this is just another “more dollars than sense” purchase.

[Lorewalker]

Originally Posted by oldjudge

LOL, the 50/50 ball. Does anyone think that the odds are at least 50/50 that the buyer will be able to recover his or her money in the future if they decide to sell? I sure don’t. In my mind this is just another “more dollars than sense” purchase.

Does not seem like a good investment but not sure we can ignore that someone for Ohtani might be bidding on his behalf.

[packs]

If I hit the home run I don't feel like I would need the ball and certainly not to the tune of a few million bucks.

[Aquarian Sports Cards]

Originally Posted by Lorewalker

Does not seem like a good investment but not sure we can ignore that someone for Ohtani might be bidding on his behalf.

Or his interpreter might be bidding with his money but without his knowledge.

I tried to find a picture of Kevin Spacey's character from Midnight in the Garden of Good and Evil bidding in an auction from jail to complete the image, but alas, no luck.

[OhioLawyerF5]

Originally Posted by oldjudge

LOL, the 50/50 ball. Does anyone think that the odds are at least 50/50 that the buyer will be able to recover his or her money in the future if they decide to sell? I sure don’t. In my mind this is just another “more dollars than sense” purchase.

Why does everything have to be an investment? Why can't we buy things because we enjoy them and want to have them?

People investing in sports cards/memorabilia expecting a return on their investment greater than they could get with other, more profitable investments are the ones with more dollars than sense. People buying sports cards for the love of it are the ones who get it.

And frankly, I'm not too worried about the financial well-being of someone who can spend millions on a baseball. And neither is that person.

[Republicaninmass]

Some rich person bought it, and it will be a signal the the masses to buy more sports memorabilia at inflated prices akin to an investment to one day sell your item for 4.5 million.