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Eric
09-18-2007, 01:41 PM
Monday, September 17, 2007
O.J. memorabilia in that hotel room? Not priceless

By Mark Kreidler
Special to ESPN.com

Sometime within the past year or so, the phone rang at Victor Moreno's office in Las Vegas. Moreno, president of American Memorabilia, heard the man on the other end of the line describe some items of O.J. Simpson's that he was hoping to sell.

"I remember him telling me about a suit," Moreno said Monday, "but even that's not gonna go for much. I told him, 'Bruce, O.J.'s stuff is not gonna sell. It's a dead deal. It's not moving. Nobody likes him.' "

Thus discouraged, Bruce Fromong went on to seek other avenues to move the Simpson items he said he had, Moreno says. The auction-house executive forgot about the entire conversation until last weekend -- when Fromong surfaced as one of the two collectible dealers on hand as Simpson and a band of cocktail-party cohorts, some with guns, allegedly stormed a Vegas hotel room in an attempt to recover memorabilia items that Simpson claims were stolen from him years ago.

http://sports.espn.go.com/photo/2007/0916/nfl_ap_oj_195.jpgO.J. Simpson went to the Clark County Detention Center in Las Vegas on Sunday . . . without his memorabilia.

One of the items Simpson thought he might get back? The suit he wore in court on the day in 1995 that he was acquitted of the murders of Nicole Brown Simpson and Ronald Goldman. It is the same suit that Bruce Fromong had already tried, unsuccessfully, to sell through any number of channels, including listing it on eBay.

The episode at The Palace Station hotel in Vegas has led to Simpson and two other men being charged, left others actively sought by law enforcement authorities, and brought before the public eye the loosely confederated world of sports and celebrity memorabilia collectors and hustlers.

It is a place populated by -- how to put it tactfully? -- characters.

"Tom Riccio -- he's a character," says Moreno, referring to auctioneer Thomas Riccio, identified in police accounts as the man who first alerted Simpson that someone was attempting to sell some O.J. memorabilia that Riccio considered to be of questionable origin.

Riccio is the same man who sold Anna Nicole Smith's diaries for $512,500 on eBay about six weeks after her death earlier this year. He also was ready to peddle video of Smith's 1994 breast-enhancement surgery, provided to him by the doctor who performed the procedure, before being blocked by preliminary injunction last month. He is the man who booked Simpson two years ago to sign memorabilia at the NecroComicon show in Los Angeles, a move that took a weird turn when the show's other biggest names turned out to be mostly the stars of horror and slasher films.

"He's something," Moreno says of Riccio. "I think his whole deal was, he was trying to help O.J. get his stuff back. But I know Riccio quite well. He's not gonna do nothin' for nobody unless he gets something out of it. Maybe he was talking to O.J. about selling it for him, I don't know."

Whatever the motive, a profit for Simpson almost certainly won't be among the outcomes. In addition to facing six charges, including two for assault with a deadly weapon, Simpson also stands a fair chance of never controlling the items he says he went to the hotel room to recover.

David J. Cook, an attorney for Fred Goldman, told The Los Angeles Times he will seek a court order this week to prevent the release of the items until it's made clear who actually has ownership rights -- and to stake a claim for the Goldman estate as part of Simpson's wrongful-death conviction in the case. Among the other murky details of the current Simpson case is the notion that even the police aren't yet certain what belongs to whom, and among the possible owners are collectors Alfred Beardsley and Fromong, the two men in the room when Simpson and several other men entered.

"Either Mr. Beardsley is going to walk out with the stuff or it's going to be ours," Cook told The Times. "This property will never touch Mr. Simpson's hands ever again."

That's not the same as saying that Simpson-related items won't sell. A cursory glance at sports memorabilia sites reveals a plethora of O.J.-signed stuff, and not all of it comes cheap. An autographed throwback Buffalo Bills jersey is offered at $294 at one site, while another lists a signed Bills helmet from the Simpson era at $540. (Simpson's inscription: "Miami has the Oranges, But Buffalo got the Juice.")

Despite waving off Fromong on the Simpson articles last year, Moreno says he took consignment from Fromong sometime in the past on a football used by Simpson in a game -- which, from Moreno's perspective, is the only kind of O.J. gear that might still hold value.

"It needs to be mostly game-used stuff, jerseys or balls or whatever," Moreno says. "Outside of the Heisman Trophy -- and those will always go for $150,000, $200,000, because people really do want to collect them -- about the only thing that's worth it from O.J. is probably his rings.

"The other stuff? It just won't go. It's like I told Bruce: I kind of know this business, this auction business. The O.J. stuff is not moving. And that's not gonna change."
http://sports.espn.go.com/nfl/columns/story?columnist=kreidler_mark&id=3024880

Eric
09-18-2007, 02:17 PM
Slate.com also has a story on the subject

Is O.J. Memorabilia Still Valuable?It's not what it used to be.

By Michelle Tsai
Posted Monday, Sept. 17, 2007, at 6:53 PM ET
http://img.slate.com/media/1/123125/123073/2156470/2173289/070917_EX_ojMemorabiliaTN.jpg (http://www.slate.com/id/2174124/)O.J. Simpson sports memorabilia
Las Vegas detectives arrested (http://www.nytimes.com/2007/09/17/us/17simpson.html) O.J. Simpson on Sunday for participating in the armed robbery of two sports-memorabilia dealers in a room at the Palace Station Hotel and Casino. The former football star said he was trying to reclaim signed collectibles like books and photographs, as well as his wedding video, photos of his kids and former wife, and the suit he wore when he was acquitted of two counts of murder (http://www.youtube.com/watch?v=YAF94uWX0WA) in 1995. How much is O.J. memorabilia worth these days?
Less and less for most items but a lot for rare pieces of history. Despite all the negative press around Simpson, top-quality Simpson memorabilia can still fetch relatively high prices. Fans who are dead set on completing their prized collections—of signed jerseys, cards, etc.—will pay a high price to buy the Simpson collectibles, no matter how unpopular he becomes with the general public. The personal belongings that Simpson seems to have been after in Las Vegas might also attract collectors interested in celebrities or one-of-a-kind items. Memorabilia experts estimate that Simpson's suit could fetch anywhere from $5,000 to $25,000, and his wedding video could be worth six figures to tabloid magazines or television networks.
Nevertheless, many memorabilia experts believe that the murder charges against Simpson have reduced the value (or slowed the appreciation) of his trading cards, autographs, apparel, and game equipment. His Heisman trophy was worth at least half a million dollars at one point, but after a civil court judge's $33.5 million ruling against Simpson in 1997, it was appraised for $400,000. When the trophy was auctioned (http://www.cnn.com/US/9902/17/simpson.auction.01/) two years later, it fetched only about $230,000. By comparison, Heisman trophies for lesser-known players like Yale's Larry Kelley and Notre Dame's Paul Hornung have sold for more—about $250,000 for Horning and $330,000 for Kelley.
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Before Simpson's trial, one of his average game-worn jerseys typically sold for $10,000 to $15,000; today, that same item would be priced at $5,000 to $7,500. Meanwhile, many of the running back's autographs are worth almost nothing. That's not because of the murder charges, though. Simpson gave away free autographs to so many fans that there's now a huge supply of signed items in the market. It might cost just $25 to buy an 8-by-10-inch document with Simpson's autograph.
Sports stars that get into legal trouble or lose their fans usually see their memorabilia drop in value. Over the weekend, Barry Bonds' 756th home-run (http://www.youtube.com/watch?v=s3xxYfr9aaE) ball sold (http://www.bloomberg.com/apps/news?pid=20601079&sid=ajFPD7mcx2ls&refer=home) to fashion designer Marc Ecko for more than $750,000—nothing to sniff at, but experts say the ball would have gone for $1 million if it weren't for the suspicions of steroid use. The price for a bat that Bonds used in a game—$2,000 to $2,500—didn't change much even after he set the new home-run record; it should have jumped 25 percent or 50 percent after this type of achievement. Likewise, a steroids controversy also nudged down prices for Mark McGwire memorabilia. At his peak in 1998, his bats commanded more than $8,000 each; nowadays an unsigned McGwire bat goes for $2,500. Following Michael Vick's arrest for dogfighting (http://www.washingtonpost.com/wp-dyn/content/article/2007/07/17/AR2007071701393.html), the Falcons player's game-used jerseys plummeted in value from as high as $5,000 to as low as $1,000.
Got a question about today's news?document.write("") Ask the Explainerdocument.write(' (ask_the_explainer@yahoo.com)'); .
Explainer thanks Mike Heffner at Lelands.com, Dan Imler at SCP Auctions, and Troy Kinunen at Memorabilia Evaluation and Research Services
http://www.slate.com/id/2174083/

Birdbats
09-18-2007, 02:57 PM
Likewise, a steroids controversy also nudged down prices for Mark McGwire memorabilia. At his peak in 1998, his bats commanded more than $8,000 each; nowadays an unsigned McGwire bat goes for $2,500.

Really? I was at auctions during the height of McGwire mania where the Cardinals offered legit bats -- and seldom did I see one exceed $4,000. Maybe there was one at auction somewhere in 1998 that fetched more, but to throw out a figure like $8,000 and suggest it was the norm is ridiculous. Looking back at auction results (Mastro, Leland's, etc.) from 2000 until the Congressional testimony debacle, most of his bats sold for $2,500 or less. And looking at recent auctions, unsigned McGwire bats typically sell for less than $1,000. I haven't seen a $2,500 McGwire bat sale since he said he was "not here to talk about the past."