ARod's 500th HR ball going to Auction

[allstarsplus]

For all of you ARod collectors, this is as good as it gets! It will be on Auction through SCP. It is item #552 in their upcoming catalogue!

Starting bid is only $25,000 :D

29400

[3arod13]

Insane price!

Regards, Tony

[allstarsplus]

Insane price!

Regards, Tony

Uh oh, don't say that. The guy that paid $20,000 for a Mark Sanchez jersey may get upset. ;)

Tony, also keep in mind that $25,000 is the opening price!

Would love to know everyone's guesstimates of where it will finish up. I think it will go low at probably $35,000 to $55,000.

[joelsabi]

Uh oh, don't say that. The guy that paid $20,000 for a Mark Sanchez jersey may get upset. ;)

Tony, also keep in mind that $25,000 is the opening price!

Would love to know everyone's guesstimates of where it will finish up. I think it will go low at probably $35,000 to $55,000.

hard to say. not many 500 baseball went to auction. Eddie murray's sold for $380,000 and Mickey Mantle sold for $144,000. It has to be less than both of these. $72,000 maybe, half of Mantle.

[indyred]

Wow, great piece of history. Can't beat MLB authenticated, about as good as it gets for a historic home run ball. Anyone make out the exact hologram serial # and what comes up when punched into the data base.
Who is the auction company?
I'd say it goes for 75-80K

[sctizzle]

Hologram number BB566960*was located in the MLB Authentication Database under BALLS.
Session Product Description: GAME USED BALL
Game: ALEX RODRIGUEZ 500TH CAREER HOMERUN GAME
Session Name: KANSAS CITY ROYALS @ NEW YORK YANKEES
Session Date: August 04, 2007
Autographer:
Authenticator: AUTHENTICATORS, INC.
Additional Information: ALEX RODRIGUEZ 500TH CAREER HOMERUN BALL (COVERT MARKED A 107) CAUGHT BY FAN WALTER F. KOWALCZYK

[joelsabi]

Wow, great piece of history. Can't beat MLB authenticated, about as good as it gets for a historic home run ball. Anyone make out the exact hologram serial # and what comes up when punched into the data base.
Who is the auction company?
I'd say it goes for 75-80K

I posted the 30 items authenticated on that day in the ARod thread and the COA of the ball.

[joelsabi]

as reference, here is what was authenticated on that day.

seems like everything was tagged except for jockstrap and shower shoes. two sets of bases but no homeplate.



BB566960 actual baseball
BB566961 locker tag
BB566962 1st base (1st set)
BB566963 2nd base (1st set)
BB566964 3rd base (1st set)
BB566965 baseball
BB566966 baseball
BB566967 baseball
BB566968 baseball
BB566969 baseball
BB566970 baseball
BB566971 baseball
BB566972 baseball
BB566973 baseball
BB566974 baseball
BB566975 jersey
BB566976 acutal bat
BB566977 cap
BB566978 sunglasses
BB566979 batting helmet
BB566980 elbow pad (benik)
BB566981 right cleat
BB566982 left cleat
BB566983 right hand batting glove
BB566984 left hand batting glove
BB566985 belt
BB566986 pants
BB566987 1st base (second set)
BB566988 2nd base (second set)
BB566989 3rd base (second set)
BB566990 dirt from pitchers mound

[allstarsplus]

as reference, here is what was authenticated on that day.

seems like everything was tagged except for jockstrap and shower shoes. two sets of bases but no homeplate.



BB566975 jersey
BB566976 acutal bat
BB566977 cap
BB566978 sunglasses
BB566979 batting helmet
BB566980 elbow pad (benik)
BB566981 right cleat
BB566982 left cleat
BB566983 right hand batting glove
BB566984 left hand batting glove
BB566985 belt
BB566986 pants


There are another pair of sunglasses! I guess if you can't afford the baseball, maybe you buy the sunglasses!

[joelsabi]

There are another pair of sunglasses! I guess if you can't afford the baseball, maybe you buy the sunglasses!

i tried winning a signed baseball from that game and bidded $2500 on an auction. I think it ended up at $4700 with sotheby's for a baseball used on that game. i would think the baseball is the cheapest item on the list too.

[AWA85]

Is their lots available for view online? It talks about a Z mag but does not have an area for me to click on? Am I missing something or anyone have the link.

Thanks!

[joelsabi]

Is their lots available for view online? It talks about a Z mag but does not have an area for me to click on? Am I missing something or anyone have the link.

Thanks!

seems to be offline for now

this is the direct link from the email sent to me by SCP about the auction.

http://viewer.zmags.com/publication/e56fca78#/e56fca78/1

maybe the website is temporarily down. http://www.zmags.com doesnt even work.

andrew, when did you last visited the catalogue?

[allstarsplus]

seems to be offline for now

this is the direct link from the email sent to me by SCP about the auction.

http://viewer.zmags.com/publication/e56fca78#/e56fca78/1

maybe the website is temporarily down. http://www.zmags.com doesnt even work.

andrew, when did you last visited the catalogue?

The website isn't live yet. I went throught the ZMag too.

http://viewer.zmags.com/publication/e56fca78#/e56fca78/1

[joelsabi]

The website isn't live yet. I went throught the ZMag too.

http://viewer.zmags.com/publication/e56fca78#/e56fca78/1

funny but its online now. must have got the call from andrew ;)

http://viewer.zmags.com/publication/e56fca78#/e56fca78/148

[suicide_squeeze]

Joel,

Andrew has a way of making things "come to life". ;)


I'll guess..........$85,000-100,000+ for that home run ball. Remember, he plays in New York for the Bronx Bombers. It's the single most desireable milestone homerun ball of the "500" home run club hitters, their 500th.

The only downside(s) to this offering is the steroid connection, and the economy. Otherwise, the skies the limit on this one.

[allstarsplus]

Joel,

Andrew has a way of making things "come to life". ;)


I'll guess..........$85,000-100,000+ for that home run ball. Remember, he plays in New York for the Bronx Bombers. It's the single most desireable milestone homerun ball of the "500" home run club hitters, their 500th.

The only downside(s) to this offering is the steroid connection, and the economy. Otherwise, the skies the limit on this one.

Steve - Funny you say $85,000 because I know that is going to be your Max bid on it!

A great piece of history!

Good luck!

[indyred]

as reference, here is what was authenticated on that day.

seems like everything was tagged except for jockstrap and shower shoes. two sets of bases but no homeplate.



BB566960 actual baseball
BB566961 locker tag
BB566962 1st base (1st set)
BB566963 2nd base (1st set)
BB566964 3rd base (1st set)
BB566965 baseball
BB566966 baseball
BB566967 baseball
BB566968 baseball
BB566969 baseball
BB566970 baseball
BB566971 baseball
BB566972 baseball
BB566973 baseball
BB566974 baseball
BB566975 jersey
BB566976 acutal bat
BB566977 cap
BB566978 sunglasses
BB566979 batting helmet
BB566980 elbow pad (benik)
BB566981 right cleat
BB566982 left cleat
BB566983 right hand batting glove
BB566984 left hand batting glove
BB566985 belt
BB566986 pants
BB566987 1st base (second set)
BB566988 2nd base (second set)
BB566989 3rd base (second set)
BB566990 dirt from pitchers mound

have the actual bat, jersey or helmet been sold he was using from this game or been seen for sale? If so what kind of price did they get.

[joelsabi]

have the actual bat, jersey or helmet been sold he was using from this game or been seen for sale? If so what kind of price did they get.

The main items bat, jersey and helmet have never gone up for sale. ARod still has them. Unsigned bases ($2000) and baseballs ($800) were sold by Steiner. MVP sold one signed game used baseball at around sold for $2500 and Sotheby sold one signed game used baseball at around $3800. Steiner had his chair for $3500 and were going to sell it to for 20% off for messing up a transaction for the base I ordered but passed.

[suicide_squeeze]

At the time A-Rod hit the home run, I was involved in discussions with Scot Monette of ASI/ESM of a possible purchase of the jersey. He asked me what I thought the jersey was worth. I told him $20,000-$30,000, maybe? He told me the bat was already sold for $50,000, seemed discusted with me, and we soon ended the conversation.

He was always such a punk, smug dunghole. I'm glad I never pursued it. He was looking for an offer of $75,000.

Personally, I don't think any of the steroid guys are worth that kind of cash......but there's just something about that 500 home run baseball....

[joelsabi]

At the time A-Rod hit the home run, I was involved in discussions with Scot Monette of ASI/ESM of a possible purchase of the jersey. He asked me what I thought the jersey was worth. I told him $20,000-$30,000, maybe? He told me the bat was already sold for $50,000, seemed discusted with me, and we soon ended the conversation.

He was always such a punk, smug dunghole. I'm glad I never pursued it. He was looking for an offer of $75,000.

Personally, I don't think any of the steroid guys are worth that kind of cash......but there's just something about that 500 home run baseball....

Steve,

Sorry that the negotiation went south. I have no clue how negotiation work at the very high end: face to face, phone, emails, etc. I would think sellers would be very respectful to potential high end buyers and repeat business. It’s just good business. Maybe you or another member can share an example in successfully negotiating a private deal at the super high end level.

Just a hypothetical since this price range is way over my pay scale. Supposedly, the Gretzky Honus Wagner T206 sold to a private collector for $2 million. Does that sway me to buy the next best T206 for a higher relative price as a reaction to this supposed sale? No. I have no way to verify the sale price or that the transaction even occurred. Same with the Arod 500th bat as it was allegedly sold. If Scot told me that the bat sold for $50,000 would I adjust my estimate price of the jersey accordingly? No. First, I would need some proof like a purchase receipt for the bat. If you are a serious high end buyer I would think asking for record of purchase is a reasonable request. Is this a request that is granted at this level? It’s done with real estate, where realized price of surrounding properties are used to determine a starting point for negotiating a sale price of your property.

I don’t know if you are soured completely in the pursuit, but if not, I would also look into talking to other ARod dealers like Kevin and Mario to verify what Scot said as to availability of the bat and the sold price. Maybe it’s just me but I am just weary when someone mentions a private realized price. That's what is so interesting to me about this upcoming auction. The outcome will be a verifiable public sale of a 500 HR club member item. We know the transaction really happened.

Last question: How did knowing the sale price of $50,000 for the bat affect your estimated price of the baseball at $85-100K? I know other factors, as you mentioned previously, have changed since talking to Scot too.

[d2ray13]

Fyi, his 500 bat-$50k

his full 500 uniform-$75k

....alex still has them, give him a call! maybe hell except arms and legs.....

[joelsabi]

Fyi, his 500 bat-$50k

his full 500 uniform-$75k

....alex still has them, give him a call! maybe hell except arms and legs.....

d2ray13 (sorry i still dont know your first name),

You have to be the most connected high school senior in the hobby. More power to you. When you say full uniform are you saying pants and jersey or more than that like including stirups and belts?

Since you were a repeating customer of Elite and have sold numerous items with Elite COAs on this forum and because you have the largest ARod collection that I have heard here, you must have also asked Scot about the whereabouts of his 500 game items for your own collection.

Steve was told it had been sold privately and you were told that ARod still has it. I guess both could be true if Steve asked after you.

I was under the impression that ARod holds onto high end milestone items until he gets his price and that it's prudent for ARod dealers to only buy it from ARod at his asking price once they have secured a buyer for it with the dealer markup. This was true for other recent items like his bat that passed Mantle on the all-time HR list. Why let your money sit on a item if you can buy an item at the point of profit.

Anyways. It would be cool if someone from the forum were to own either the bat, jersey, or baseball. Hope it happens. Hope it's a west coast buyer too. ;)

[joelsabi]

Little tidbits of auctioned 500th and 3 cases where the 500th were returned to the player.


A) Top balls sold (from 6/25/2003 http://a.espncdn.com/sportsbusiness/news/2003/0625/1572871.html)

The homer Value

McGwire's 70th $3M

Aaron's 755th $650,000

Bonds' 73rd $517,500

Murray's 500th $500,000

Mantle's 500th $250,000

McGwire's 500th $250,000

Sosa's 66th $175,000

Ruth's first at Stadium $130,000

Fisk's Series shot $120,000

B) Griffey 500th

In 2004, a southern Illinois man caught Ken Griffey Jr.’s 500th home run ball at old Busch and gave it to the Cincinnati Reds’ star, no questions asked. His reward was being lavished with memorabilia plus a trip to the All-Star game.

C) Jim Thome 500th

While Stewart is passing up whatever the ball could earn at an auction house, he isn't coming away empty-handed. After the game it was announced that he would receive a number of signed pieces of memorabilia and two season tickets for the 2008 season.

In another truly altruistic move, Stewart elected to donate the two season tickets to the charity of Thome's choice. The tickets will be auctioned off during the Joyce Thome Benefit for the Children's Hospital of Illinois, an event named in honor of Thome's late mother.

"As I'm from Austin, Texas, and not from the great city of Chicago and not able to use the season tickets, I've asked to donate the season tickets to your charity for use," Stewart said. "That's the best thing I can think of to give back to the city of Chicago."


D) Frank Thomas 500th

So Thomas was pleasantly surprised when Todd Eisenlohr, a 24-year-old graphic designer from Pennock, Minn., offered him the ball. Eisenlohr, part of a group celebrating his mother’s birthday, reached across two seats to catch the ball — which, he said, might have hit his father on the head. Eisenlohr accepted an autographed jersey from Thomas, a ball and a bat in exchange.

He later said that all he really wanted was to shake Thomas’s hand, which he did after the game. Selling the ball, he said, never crossed his mind. “I don’t really care about that,” he said. “It’s only money.”

[joelsabi]

For all you 500th HR club collectors, there are three days left on the auction for Alex Rodriguez's 500th HR baseball and its at $48,721.

http://www.scpauctionsite.com/LotDetail.aspx?lotid=552

[Buster]

I'll bet this ball doubles between now and the final bell. suicide-squeeze may be the closest guess so far. I really don't know, I'm not an expert, but it IS a monumental piece of history, and MLB authenticated!!

And one more thing, joelsabi, that list you posted, although very helpful, needs to be updated as it is from 2003.

One item, for sure, that disects that list was Babe Ruth's 712th home run ball. It sold in a Hunt Auction a year or so ago, and it's hammer price was $150,000.00

Add the 15% buyers premium to it, and we're talking a grand total of:

$172,500.00 Add to that shipping and insurance, and we are talking serious collectors only, thank you.

That follows Sosa's 66th and makes 8th on that list assuming no others have slipped in since 2003).

By the way, that Sosa ball? How much do you think it's worth today? $10,000? Maybe $12,000?

Maybe not.

Buster

[joelsabi]

I'll bet this ball doubles between now and the final bell. suicide-squeeze may be the closest guess so far. I really don't know, I'm not an expert, but it IS a monumental piece of history, and MLB authenticated!!

And one more thing, joelsabi, that list you posted, although very helpful, needs to be updated as it is from 2003.

One item, for sure, that disects that list was Babe Ruth's 712th home run ball. It sold in a Hunt Auction a year or so ago, and it's hammer price was $150,000.00

Add the 15% buyers premium to it, and we're talking a grand total of:

$172,500.00 Add to that shipping and insurance, and we are talking serious collectors only, thank you.

That follows Sosa's 66th and makes 8th on that list assuming no others have slipped in since 2003).

By the way, that Sosa ball? How much do you think it's worth today? $10,000? Maybe $12,000?

Maybe not.

Buster

i would like to call someone spending $175K a bigtime collector or bigtime,serious collector. i would hope you can be a serious collector without spending that kind of dough.

that sosa ball lost its luster once mcguire passed up mcgwuire before the season ended. mcfarlane owns all those baseballs and i know that it was part of his trifecta of single season home run baseballs. he said the singles season baseballs were more "romantic" as it took the same amount of games to reach those totals.

[joelsabi]

I'll bet this ball doubles between now and the final bell. suicide-squeeze may be the closest guess so far. I really don't know, I'm not an expert, but it IS a monumental piece of history, and MLB authenticated!!

And one more thing, joelsabi, that list you posted, although very helpful, needs to be updated as it is from 2003.

One item, for sure, that disects that list was Babe Ruth's 712th home run ball. It sold in a Hunt Auction a year or so ago, and it's hammer price was $150,000.00

Add the 15% buyers premium to it, and we're talking a grand total of:

$172,500.00 Add to that shipping and insurance, and we are talking serious collectors only, thank you.

That follows Sosa's 66th and makes 8th on that list assuming no others have slipped in since 2003).

By the way, that Sosa ball? How much do you think it's worth today? $10,000? Maybe $12,000?

Maybe not.

Buster

fyi, the 2003 list included commission.

[Buster]

fyi, the 2003 list included commission.

Knew that, thanks Joel!! That's why I clarified the prices in my post.

Buster

[joelsabi]

For all you 500th HR club collectors, there are three days left on the auction for Alex Rodriguez's 500th HR baseball and its at $48,721.

http://www.scpauctionsite.com/LotDetail.aspx?lotid=552

two days still left and still at the same bid amount.

i am assuming that there are 8 bidders interested in this item and that they are 500th hr collectors. If my memory serves me right you need to submit a bid prior to the initial closing period to be eligible for the extended bidding period.

when i bid with scp, i try to go in as low a bid as possible just to qualify and then throw in my maximum bid during the extended period. it does not make sence to bid more than once prior to the extended period, thus i assume at this level of collectors, the 8 bids are 8 different people.

is that what you would do?

[allstarsplus]

Joel,

Andrew has a way of making things "come to life". ;)


I'll guess..........$85,000-100,000+ for that home run ball. Remember, he plays in New York for the Bronx Bombers. It's the single most desireable milestone homerun ball of the "500" home run club hitters, their 500th.

The only downside(s) to this offering is the steroid connection, and the economy. Otherwise, the skies the limit on this one.

Joel - Steve "Suicide_Squeeze" just called me and said that he is in the mix on bidding on the ball.

I laughed and told him that I could see him staying in until it gets to $85,000 so he hits his estimate and he promised me that wouldn't be the case.

Hope he wins it!!!!!!!!!

[joelsabi]

Joel - Steve "Suicide_Squeeze" just called me and said that he is in the mix on bidding on the ball.

I laughed and told him that I could see him staying in until it gets to $85,000 so he hits his estimate and he promised me that wouldn't be the case.

Hope he wins it!!!!!!!!!

Andrew,

I have no doubt that Steve was the first to make a bid at the $25K minimum. That's what i would have done if i was in the mix. I wish him luck.

[allstarsplus]

Andrew,

I have no doubt that Steve was the first to make a bid at the $25K minimum. That's what i would have done if i was in the mix. I wish him luck.

Joel - I know. I hope he gets it. His collection of the 500 HR Club is so amazing. Since ARod has the ability to break the career HR record, this would be a great piece.

He also was telling me that he went to the Los Angeles sports museum last week and enjoyed it.

[joelsabi]

Joel - I know. I hope he gets it. His collection of the 500 HR Club is so amazing. Since ARod has the ability to break the career HR record, this would be a great piece.

He also was telling me that he went to the Los Angeles sports museum last week and enjoyed it.

Wouldn't doubt Cypres is in the mix too and Steve was determining the interest level of Cypres. He's usually available at his museum. Nice man.

[allstarsplus]

Wouldn't doubt Cypres is in the mix too and Steve was determining the interest level of Cypres. He's usually available at his museum. Nice man.

Yep, hope to visit him and the museum when I am out to Anaheim for the All Star game in July.

[Buster]

Did you guys notice the ball has a reserve which hasn't been met yet? I wonder what the reserve is?

Would $50,000 be the logical guess? Which means the ball has miraculously been bid to the point that the VERY next bid would put it over? Does this sound like shades of Mastronet and American Memorabilia of yesterday?

Just asking.

Buster

[joelsabi]

Did you guys notice the ball has a reserve which hasn't been met yet? I wonder what the reserve is?

Would $50,000 be the logical guess? Which means the ball has miraculously been bid to the point that the VERY next bid would put it over? Does this sound like shades of Mastronet and American Memorabilia of yesterday?

Just asking.

Buster

based on the 6 items for auction with a miimum bid over $10,000 i say no since some already are double the minimum and have not passed the reserve.

the next bid is $53594.

[Buster]

based on the 6 items for auction with a miimum bid over $10,000 i say no since some already are double the minimum and have not passed the reserve.

the next bid is $53594.

Hello joel, sir.

That is my point exactly!

Would you concede I may be correct if the next bid puts the ball over the "reserve"? Remember, I said "MAY BE correct". Nothing is sure, unless you are viewing the "max bids" from your computer screen on the rigged bidding system from the annuls of AMI's back rooms in Las Vegas. But those days are apparently over for them. I'm not sure how closely SCP Auctions are watched by the feds? And in any case, they so conveniently disclosed that they could "exercise bids" for their clients to a higher amount in their auction descriptions to anyone who cared to read through it. So that right there covered their butts as to what it really was. Shill bidding. Glad it's all fixed now.

Buster

[Buster]

Do you guys think Alex Rodriguez reads the threads on his stuff like this one?

If so, Hey Alex!!

You're OVERPAID dude!!!

[joelsabi]

Hello joel, sir.

That is my point exactly!

Would you concede I may be correct if the next bid puts the ball over the "reserve"? Remember, I said "MAY BE correct". Nothing is sure, unless you are viewing the "max bids" from your computer screen on the rigged bidding system from the annuls of AMI's back rooms in Las Vegas. But those days are apparently over for them. I'm not sure how closely SCP Auctions are watched by the feds? And in any case, they so conveniently disclosed that they could "exercise bids" for their clients to a higher amount in their auction descriptions to anyone who cared to read through it. So that right there covered their butts as to what it really was. Shill bidding. Glad it's all fixed now.

Buster

Not sure how they determine the reserve, if the auctioneers have a set percentage from the minimum bid to the reserve bid. There is one item with a minimum bid of $10K and has a current bid of $34529 and has not hit the reserve. I figure the factor is less than 3.4 since this item has a higher minimum bid so you could be right. If all the minbid to reserve ratios are proportional that means at least a $78469 to hit the reserve.

[Buster]

Joel,

Minimum bids are usually set solely by the auction house. On some major items, that "amount" is most likely discussed with the consigner prior to the start of the auction.

But very simply, any reserve amount is set by the consigner, period. If the auction house had any issue with that, they might try to talk the seller (consigner) down a bit on the reserve, but make no mistake, it's the seller's call. If the auction house just flat out refuses to go along with it (which I can't believe happens very often at all), the seller simply can take his "goods" to another auction house that will "honor" that desired reserve.

So, even If the opening bid on the Alex Rodriguez 500th home run ball is $25,000.00, it may not be truly available to any buyer until it surpasses the $50,000 (or whatever the reserve amount is) mark. It that fair? Yes. Why? Because if that's the minimum the seller will take for it, then if anyone wants to buy it, they'll have to pay it. Period. The lower "opening bid" is just to attract a few major bidders with a low enticement, so to speak. Personally, I think they should start the ball at the reserve, and be done with the games these auction houses play.

Put it on the table with a price, and let it happen.

Hope that helps.

Buster

[joelsabi]

Not sure how they determine the reserve, if the auctioneers have a set percentage from the minimum bid to the reserve bid. There is one item with a minimum bid of $10K and has a current bid of $34529 and has not hit the reserve. I figure the factor is less than 3.4 since this item has a higher minimum bid so you could be right. If all the minbid to reserve ratios are proportional that means at least a $78469 to hit the reserve.

opps. at least $85K IF all ratios are proportional. $25K times 3.4 is $85K. And the factor could be even larger since the reserve wasnt meet yet for the $10K minimum bid item.

[joelsabi]

Joel,

Minimum bids are usually set solely by the auction house. On some major items, that "amount" is most likely discussed with the consigner prior to the start of the auction.

But very simply, any reserve amount is set by the consigner, period. If the auction house had any issue with that, they might try to talk the seller (consigner) down a bit on the reserve, but make no mistake, it's the seller's call. If the auction house just flat out refuses to go along with it (which I can't believe happens very often at all), the seller simply can take his "goods" to another auction house that will "honor" that desired reserve.

So, even If the opening bid on the Alex Rodriguez 500th home run ball is $25,000.00, it may not be truly available to any buyer until it surpasses the $50,000 (or whatever the reserve amount is) mark. It that fair? Yes. Why? Because if that's the minimum the seller will take for it, then if anyone wants to buy it, they'll have to pay it. Period. The lower "opening bid" is just to attract a few major bidders with a low enticement, so to speak. Personally, I think they should start the ball at the reserve, and be done with the games these auction houses play.

Put it on the table with a price, and let it happen.

Hope that helps.

Buster

Buster,

your reasoning make more sense than my thoughts on minimum bid-reserve ratios.

interesting enough, the auction will go over the $10K mark for commission on the next bid.

[joelsabi]

Personally, I think they should start the ball at the reserve, and be done with the games these auction houses play.

Put it on the table with a price, and let it happen.

Hope that helps.

Buster

Buster,

I would agree. Why risk allienating your best customers who are bidding for this item. If it does not sell, you have wasted everyone's time.

[joelsabi]

Not sure how they determine the reserve, if the auctioneers have a set percentage from the minimum bid to the reserve bid. There is one item with a minimum bid of $10K and has a current bid of $34529 and has not hit the reserve. I figure the factor is less than 3.4 since this item has a higher minimum bid so you could be right. If all the minbid to reserve ratios are proportional that means at least a $78469 to hit the reserve.

after looking at other auction bid in progress, the ratio of minimum bid to reserve are not proportional for all items.

I noticed two items with minimum bids of $10K with current bids of $21,430 each. One item has met the reserve and one item has not met the reserve.

I like Buster's simple explanation of reserves. Do not think there is a formula for determining the minimum bid if you know the reserve. The minimum bid is as low as the auction house can convince the seller to go and each seller is different.

[allstarsplus]

For all you 500th HR club collectors, there are three days left on the auction for Alex Rodriguez's 500th HR baseball and its at $48,721.

http://www.scpauctionsite.com/LotDetail.aspx?lotid=552

Wow guys, thanks for pointing out the "Reserve Not Met". I didn't notice it before.

Also, if I am reading the rules properly, the 8 bids don't have to be 8 different distinct bidders. Do you agree?

Current Bidding (Reserve Not Met)
Minimum Bid: $25,000
Current Bid: $48,721
Number of Bids: 8

-

[joelsabi]

Also, if I am reading the rules properly, the 8 bids don't have to be 8 different distinct bidders. Do you agree?

Current Bidding (Reserve Not Met)
Minimum Bid: $25,000
Current Bid: $48,721
Number of Bids: 8

-

It is very possible. But why would you want to increase the bid amount prior to the extended bidding period? If you have an idea of what the reserve may be, what your bidding maximum and what it may go for, it's better to save all your energy for the knock out punch during the extended bidding period.

Another possibilty would be a curious bidder really wanting to know the reserve price prior to the extended period.

The more likely possibilty is that SCP has put in some bid(s) as Buster alluded to, which is bidding UP TO the reserve on behalf of the Consigner. Hence, Buster's thoughts that the next bid will go over the the reserve and cannot be made by SCP.

MINIMUM BIDS

Each lot in the auction has a Minimum Bid (designated in the printed catalogue and online as “MB”). Some lots in the sale also have a reserve price. A reserve price is the confidential minimum amount below which the consignor of the lot will not sell the property. Therefore an amount equal to or in excess of the reserve must be bid on a lot in order for a successful bid to be accepted on that lot. We may implement such reserve by bidding on behalf of the Consignor and may bid up to the amount of the reserve, by placing successive or consecutive bids for a lot, or bids in response to other bidders. In instances where we have an interest in the lot other than our commission, we may bid up to the reserve to protect such interest. Most lots in the sale do not have a reserve. Unless an item is withdrawn from the sale, for all items in the sale without reserves, the lots will be sold to the highest bidder at or above the Minimum Bid price or any amount higher than the Minimum Bids

[allstarsplus]

It is very possible. But why would you want to increase the bid amount prior to the extended bidding period? If you have an idea of what the reserve may be, what your bidding maximum and what it may go for, it's better to save all your energy for the knock out punch during the extended bidding period.

Another possibilty would be a curious bidder really wanting to know the reserve price prior to the extended period.

The more likely possibilty is that SCP has put in some bid(s) as Buster alluded to, which is bidding UP TO the reserve on behalf of the Consigner. Hence, Buster's thoughts that the next bid will go over the the reserve and cannot be made by SCP.


If I had to guess, I think there are probably 2 to 4 serious bidders already in. As you know with any auction, you need 2 bidders that are highly motivated with the right assets for his type of auction.

Steve wouldn't tell me his ceiling however I think this is sure to go higher in the last few moments of the auction and will be exciting to see how high it will go!

[joelsabi]

If I had to guess, I think there are probably 2 to 4 serious bidders already in. As you know with any auction, you need 2 bidders that are highly motivated with the right assets for his type of auction.

Steve wouldn't tell me his ceiling however I think this is sure to go higher in the last few moments of the auction and will be exciting to see how high it will go!

Steve is a seasoned bidder. :cool: He's not sharing info even with his best of buddies.

[joelsabi]

If I had to guess, I think there are probably 2 to 4 serious bidders already in.

Good Guesses.

2500 Bidder 1
27500 SCP transparant automated bid
30250 Bidder 2
33275 SCP transparant automated bid
36603 Bidder3
40263 SCP transparant automated bid
44289 Bidder 4
48718 SCP transparant automated bid
53590 ?


OR

2500 Steve :cool:
27500 SCP transparant automated bid
30250 Madonna :D
33275 SCP transparant automated bid
36603 Madonna :mad:
40263 SCP transparant automated bid
44289 Madonna :(
48718 SCP transparant automated bid
53590 ?

[Buster]

Good Guesses.

2500 Bidder 1
27500 SCP transparant automated bid
30250 Bidder 2
33275 SCP transparant automated bid
36603 Bidder3
40263 SCP transparant automated bid
44289 Bidder 4
48718 SCP transparant automated bid
53590 ?


OR

2500 Steve :cool:
27500 SCP transparant automated bid
30250 Madonna :D
33275 SCP transparant automated bid
36603 Madonna :mad:
40263 SCP transparant automated bid
44289 Madonna :(
48718 SCP transparant automated bid
53590 ?


LOL.

TOO FUNNY joelsabi!!!

The point in running the ball right up to the bid prior to taking it over the limit is two-fold:

-It means on the very next bid, with days to go (while it was there), the ball sells.

-And, having "activity" on the ball leaves the impression there is serious interest in it, even if there may not be so much. Sometimes, that may be all it takes to get that one extra bid from a potential bidder who may NOT be able to bid anymore, so he will make that ONE last desperation bid that ends up winning the ball.

Wouldn't it SUCK for the winner if the only legitimate bids on the ball was maybe, let's say, the first three, and the rest were shills to get it to the point of making Alex Rodriguez's desired reserve on one potential last bid? That means, in reality, the winning bidder just paid an "A-Rod reserve" premium to win it, NOT an honest market-made price determined by a legit auction process.

We'll never know.

That said, I have no idea which scenario is correct. It may very well be that there are 8 different bidders and that they are positioned to light this rocket once the "initial" bids end, and the after hours bids are made. That's where the rubber meets the road anyways.

I would say if this ball only receives ONE more bid, and that bid wins it AND places it over the reserve, then my opinion may have been right on. But my gut tells me this ball goes substantially higher, maybe even breaking the $100,000 level......maybe.

Definately going to be fun to watch.

Buster

[Buster]

OK!!!

Just checked.......now 9 bids....$53,600......RESERVE NOT MET!

Now I'm thinking it a $100,000 reserve.

WOW.


Buster

[joelsabi]

OK!!!

Just checked.......now 9 bids....$53,600......RESERVE NOT MET!

Now I'm thinking it a $100,000 reserve.

WOW.


Buster

Update

25000 Steve :cool:
27500 SCP transparant automated bid
30250 Madonna :D
33275 SCP transparant automated bid
36603 Madonna :mad:
40263 SCP transparant automated bid
44289 Madonna :(
48718 SCP transparant automated bid
53590 Madonna :D

[allstarsplus]

OK!!!

Just checked.......now 9 bids....$53,600......RESERVE NOT MET!

Now I'm thinking it a $100,000 reserve.

WOW.


Buster

Do you think they are reading this thread? We are helping provide advertising! LOL

Could just be Steve pushing it closer to $85,000!

Go Suicide_Squeeze!!!!!

[joelsabi]

LOL.

TOO FUNNY joelsabi!!!

The point in running the ball right up to the bid prior to taking it over the limit is two-fold:

-It means on the very next bid, with days to go (while it was there), the ball sells.

-And, having "activity" on the ball leaves the impression there is serious interest in it, even if there may not be so much. Sometimes, that may be all it takes to get that one extra bid from a potential bidder who may NOT be able to bid anymore, so he will make that ONE last desperation bid that ends up winning the ball.

Wouldn't it SUCK for the winner if the only legitimate bids on the ball was maybe, let's say, the first three, and the rest were shills to get it to the point of making Alex Rodriguez's desired reserve on one potential last bid? That means, in reality, the winning bidder just paid an "A-Rod reserve" premium to win it, NOT an honest market-made price determined by a legit auction process.

We'll never know.

That said, I have no idea which scenario is correct. It may very well be that there are 8 different bidders and that they are positioned to light this rocket once the "initial" bids end, and the after hours bids are made. That's where the rubber meets the road anyways.

I would say if this ball only receives ONE more bid, and that bid wins it AND places it over the reserve, then my opinion may have been right on. But my gut tells me this ball goes substantially higher, maybe even breaking the $100,000 level......maybe.

Definately going to be fun to watch.

Buster

do you think it would fetch more if it was a live auction? at least you would know who your competition was.

[Buster]

do you think it would fetch more if it was a live auction? at least you would know who your competition was.

Good question, but I don't believe so.

Anybody who has the means to bid on an item like this has a following of friends who would let them know about it in the strange event that they missed it, I would think.

Buster

[joelsabi]

Good question, but I don't believe so.

Anybody who has the means to bid on an item like this has a following of friends who would let them know about it in the strange event that they missed it, I would think.

Buster

Buster,

im curious what is the format of the auction, live or internet, for the other home run baseballs that were on that 2003 list and others you mentioned. let me see if i can find some info.

[joelsabi]

8 hours until extended bidding time.

$58,954 and hasnt meet the reserve.

[allstarsplus]

Wow guys, thanks for pointing out the "Reserve Not Met". I didn't notice it before.

Also, if I am reading the rules properly, the 8 bids don't have to be 8 different distinct bidders. Do you agree?

Current Bidding (Reserve Not Met)
Minimum Bid: $25,000
Current Bid: $48,721
Number of Bids: 8

-

Now with 2 hours remaining:

Current Bidding (Reserve Not Met)Minimum Bid:$25,000Current Bid:$71,335Number of Bids:13

http://www.scpauctionsite.com/LotDetail.aspx?lotid=552

[LWMM]

$86,316 with 15 bids in the extended period, and has met the reserve.

[joelsabi]

Now with 2 hours remaining:

Current Bidding (Reserve Not Met)Minimum Bid:$25,000Current Bid:$71,335Number of Bids:13

http://www.scpauctionsite.com/LotDetail.aspx?lotid=552

if youre online there 5 minute left on extended period time and they havent met reserve. the ball might not sell. someone could get lucky and make a last minute bid if the next bid hits the reserve.

[joelsabi]

someone pulled the trigger with a minute left. it meet reserve so its gonna sell but the clock reset for another 20 minutes.

[joelsabi]

The winning bid was $86,316
with commission ended up at $103,579

[yankees.stub]

Cheap!


The college student will be happy if he sees $50K for it.


Either way, it is a nice addition to any collection.



Wonder how much would Alex's 600th HR will go for... it will happened this year despite injury.... Alex currently has 583 as we speak...



We should take bet-poll on when the 600th will happen... I will take first crack.... first week of June 2010!

[allstarsplus]

The winning bid was $86,316
with commission ended up at $103,579

Wow, Steve, I mean Buster ;) was straight on with his $85,000 to $100,000.

I called Steve Mears (Suicide_Squeeze) and left a VM to see if he won it!

[joelsabi]

Cheap!


The college student will be happy if he sees $50K for it.



You mean after taxes?

[allstarsplus]

Joel,

Andrew has a way of making things "come to life". ;)


I'll guess..........$85,000-100,000+ for that home run ball. Remember, he plays in New York for the Bronx Bombers. It's the single most desireable milestone homerun ball of the "500" home run club hitters, their 500th.

The only downside(s) to this offering is the steroid connection, and the economy. Otherwise, the skies the limit on this one.

He nailed it!

[yankees.stub]

Yup!

Since uncle will used the FINAL selling price as the base, and with the commission added, he will be moved up in a higher tax bracket!

Doesnt matter what claim and deduction his accountant can comes up with, the bottom line is what they are looking at!



too much headaches.........

[joelsabi]

He nailed it!

Takes an experienced bidder to know. i hope Steve went for it.

[joelsabi]

Wow, Steve, I mean Buster ;) was straight on with his $85,000 to $100,000.

I called Steve Mears (Suicide_Squeeze) and left a VM to see if he won it!

whoever won it wants to remain anonymous. :rolleyes:

http://www.winnipegfreepress.com/sports/baseball/83674337.html