The Yanks have learned that a bad economy is no time to auction off baseball memorabilia. As the AP reported, yesterday’s stadium memorabilia auction was not very successful.
The last ball hit out of Yankee Stadium didn’t leave the auction block Saturday in a memorabilia auction celebrating Bronx Bombers history…It was expected to fetch up to $400,000, but was pulled after offers fell short of the suggested opening bid of $100,000…
A collection of 15 World Series and American League championship rings that once belonged to former Yankees owner Del Webb was also pulled by the Guernsey’s auction house after the high bid of $325,000 fell short of expectations…
About 100 people came to the Garden and bid several hundreds of dollars for baseball card vending machines, pictures of Yankee Stadium under construction and posters signed by Mantle and Joe DiMaggio.
This is hardly a surprising result. People aren’t too keen on spending their disposable incomes on baseball merchandise right now. I’m sure they’ll try again in a few months.