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Tuesday, April 16, 2019

Barry Bonds’ 762nd home run ball reportedly could fetch $750K in auction

Barry Bonds holds baseball’s all-time home run record, with 762 of those bad boys being hit over the fence. So when he hit that 762nd homer, one could assume that ball would be worth a lot.

And it turns out, it just might be.

And, in this case, it’s all about timing.

When the historic ball first went up for auction in 2008, it sold for $376,612. Not bad. But now it’s possibly worth about double.

Question, for those who may know:

Is this value on the high end, the low end, or where it ought to be?

 

QLE Posted: April 16, 2019 at 05:51 AM | 15 comment(s) Login to Bookmark
  Tags: barry bonds, home runs, memorabilia

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   1. TDF, trained monkey Posted: April 16, 2019 at 09:10 AM (#5832336)
Is this value on the high end, the low end, or where it ought to be?
It's a unique, irreplaceable piece, so the old adage probably is the reality: It's worth exactly what someone is willing to pay for it. That may mean that no one in his right mind would pay even $300K today, given the original euphoria of the record has died down; or it may be that collectors now feel (with amps and steroids now banned) no one is going to approach the record for a very long time, making it worth much more than even $750k.

And it only takes 2 people with gobs of money to think that it's worth a ton for the price to go through the roof.
   2. Never Give an Inge (Dave) Posted: April 16, 2019 at 09:32 AM (#5832346)

Barry Bonds holds baseball’s all-time home run record, with 762 of those bad boys being hit over the fence.

To be pedantic, he hit three inside-the-park HRs, so only 759 of them were hit over the fence.
   3. PreservedFish Posted: April 16, 2019 at 11:57 AM (#5832403)
Nice. That's some pedantry I can get behind.
   4. Rowland Office Supplies Posted: April 16, 2019 at 12:54 PM (#5832437)
We're still trying to make "fetch" happen?
   5. eric Posted: April 16, 2019 at 01:30 PM (#5832455)
That's a worse investment than an S&P 500 index fund over that same time, by a lot. Are there any residuals from owning the ball? Does it go on "tour" for people to look at and create revenue that way? Or is the return just in the pleasure of owning it, until you don't feel like owning it any more?
   6. bfan Posted: April 16, 2019 at 03:45 PM (#5832531)
That's a worse investment than an S&P 500 index fund over that same time, by a lot. Are there any residuals from owning the ball? Does it go on "tour" for people to look at and create revenue that way? Or is the return just in the pleasure of owning it, until you don't feel like owning it any more?


Yes, and spot on. If it fetches $750,000.00 at auction, that is a return of a bit more than 6% per year compounded, which is decent but nothing to brag about. And if it doesn't bring in fees for third-parties viewing it while you own it, that investment gets worse, as I assume at a minimum you have to insure it. There might also be storage costs (a climate controlled environment at a certain temperature and humidity-I don't know). Add in the high fee an auctioneer would take for product like this (10% of the gross sales price?), and it actually becomes a very poor to pedestrian investment. Now you did get to go around and say you owned the last home run ball hit by Barry Bonds for 11 years, and that must have been worth something for the owner.
   7. Gonfalon Bubble Posted: April 16, 2019 at 03:51 PM (#5832536)
The price is suspiciously large.
   8. Nasty Nate Posted: April 16, 2019 at 03:53 PM (#5832538)
Isn't 2008 a slightly unusual starting point to judge investments?
   9. bfan Posted: April 16, 2019 at 03:58 PM (#5832539)
Isn't 2008 a slightly unusual starting point to judge investments?


If that is the last time it sold, as stated above, then that would be the right time to mark the investment return.
   10. PreservedFish Posted: April 16, 2019 at 03:58 PM (#5832541)
I'd pay maybe 10 cents to see this ball.
   11. bfan Posted: April 16, 2019 at 04:00 PM (#5832543)
I'd pay maybe 10 cents to see this ball.


It is going to take a lot of those to juice the investment return here.
   12. Gonfalon Bubble Posted: April 16, 2019 at 04:02 PM (#5832544)
   13. TDF, trained monkey Posted: April 16, 2019 at 04:40 PM (#5832570)
I'm going to let you guys in on a little secret: The winning bidder isn't buying a baseball as an investment, no matter how famous or valuable it may be. If he (or she) is, never take any investment advice from him (or her).
   14. Sunday silence Posted: April 16, 2019 at 06:14 PM (#5832607)
The recent photo of Marilyn Monroe and JFK, shot surreptitiously by Kennedy's official photographer fetched 32,000 IIRC. Another piece of ephemeral from two very iconic figures. THe original King Kong poster has gone as high as 600k or thereabouts, probably the highest poster. I dunno its very hard to say. Clearly the ball would be desirable although interest in Barry Bonds doesnt really seem to rival the Bambino. What did Aaron's 715th fetch? That might be a better indicator.

As for fee's, 10% seems like a good guess. There are a number of reputable firms that charge on a sliding scale starting at 25% for low level stuff and working on down, 10 or 15% might be a fair commission although if it goes to somewhere like Christie's it might still be 20%.
   15. Sunday silence Posted: April 16, 2019 at 06:16 PM (#5832609)
The recent photo of Marilyn Monroe and JFK, shot surreptitiously by Kennedy's official photographer fetched 32,000 IIRC. Another piece of ephemeral from two very iconic figures. THe original King Kong poster has gone as high as 600k or thereabouts, probably the highest poster. I dunno its very hard to say. Clearly the ball would be desirable although interest in Barry Bonds doesnt really seem to rival the Bambino. What did Aaron's 715th fetch? That might be a better indicator.

As for fee's, 10% seems like a good guess. There are a number of reputable firms that charge on a sliding scale starting at 25% for low level stuff and working on down, 10 or 15% might be a fair commission although if it goes to somewhere like Christie's it might still be 20%.

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