Would you follow through and pay? Brady's last TD

[chriskim]

Team,

I think you guys are thinking too much. It is the same situation when u won a card from AH claiming... "The only PSA-10 and none higher" then the next day PSA pop shows up another PSA-10. It is simply a risk in our daily bidding life.

[SyrNy1960]

Originally Posted by chriskim

Team,

I think you guys are thinking too much. It is the same situation when u won a card from AH claiming... "The only PSA-10 and none higher" then the next day PSA pop shows up another PSA-10. It is simply a risk in our daily bidding life.

Except in this situation, the balls value decreases significantly, compared to your scenario.

[mrreality68]

Very interesting on many sides

But to me this was not unexpected. It has been in the news for months that he may comeback even if was next season after taking a season off.
As a result there was always that chance

The bidder know this when bidding so they took a chance and sadly it did not work out for them but to me they need to pay up.

When you buy a stock and the next day or so it crashes even if did not settle yet it still needs to be paid for at the higher value.

Same thing as mentioned above when the one of a kind card turns out to not be when another card or cards are discovered

But in reality big money and big potential loss for the buyer so it will be interesting to see what happens

[iwantitiwinit]

This could all be a moot point. The buyer may have already paid, I don't know how quickly Leland's sends out billings. I know I wire funds immediately so that I don't have open invoices out there. If so it would then turn into a case whereby the buyer is trying to reclaim funds.

[Tyruscobb]

I would argue that the sale price ($518k) reflected the risk Brady would return. That is - the risk was already baked into the cake, and is the reason the ball "only" went for $518k and not more.

Over a decade ago, Barry Bond's final homerun ball sold for $750k. Adjusted for inflation, in today's value, the $750k is worth over $832k. Thus, Brady's "final" TD ball sold for just 63% what the Bond's ball would fetch today.

In 1999, twenty-three years ago, a bidder paid $650k for Hank Aaron's final homerun ball (#755). Adjusted for inflation, in today's value, the $650k is worth over $1.1M. Thus, Brady's "final" TD ball only sold for less than half what Aaron's final ball would fetch today.

Like Aaron and Bonds, Brady is a legend and among the greatest to ever play. I know baseball's number are more sacred, but I would expect the true final Brady TD ball to sell close to par with Aaron and Bond's final balls.

The sports collectible market has only increased since the Bond's ball sale. Brady is the greatest QB, and perhaps the greatest football player. The fact his final ball only sold for fractions, when compared with Aaron and Bond's final balls, tells me that the bidding reflected the risk that Brady would come back. If bidder truly thought Brady would stay retired, the ball should've fetched near $1M.

If Brady stayed retired then $518k could have been an absolute bargain. The winning bidder took a gamble that didn't pay out. If Brady stayed retired, the bidder got a tremendous deal. If Brady came back, the bidder could back out and cancel? Where is the bidder's risk? Letting the bidder off the hook gives the bidder all the upside with absolutely no downside.

[Carter08]

Originally Posted by Tyruscobb

I would argue that the sale price ($518k) reflected the risk Brady would return. That is - the risk was already baked into the cake, and is the reason the ball "only" went for $518k and not more.

Over a decade ago, Barry Bond's final homerun ball sold for $750k. Adjusted for inflation, in today's value, the $750k is worth over $832k. Thus, Brady's "final" TD ball sold for just 63% what the Bond's ball would fetch today.

In 1999, twenty-three years ago, a bidder paid $650k for Hank Aaron's final homerun ball (#755). Adjusted for inflation, in today's value, the $650k is worth over $1.1M. Thus, Brady's "final" TD ball only sold for less than half what Aaron's final ball would fetch today.

Like Aaron and Bonds, Brady is a legend and among the greatest to ever play. I know baseball's number are more sacred, but I would expect the true final Brady TD ball to sell close to par with Aaron and Bond's final balls.

The sports collectible market has only increased since the Bond's ball sale. Brady is the greatest QB, and perhaps the greatest football player. The fact his final ball only sold for fractions, when compared with Aaron and Bond's final balls, tells me that the bidding reflected the risk that Brady would come back. If bidder truly thought Brady would stay retired, the ball should've fetched near $1M.

If Brady stayed retired then $518k could have been an absolute bargain. The winning bidder took a gamble that didn't pay out. If Brady stayed retired, the bidder got a tremendous deal. If Brady came back, the bidder could back out and cancel? Where is the bidder's risk? Letting the bidder off the hook gives the bidder all the upside with absolutely no downside.

Good point. I think the description of it was written poorly though. It was too definitive in proclaiming it at his last TD ball.

[Frank A]

Actually, this will become the famous I changed my mind ball. In the long run it will have an interesting spot in sports collecting. Not sure it will be as bad as many think.

[scmavl]

Originally Posted by Tyruscobb

I would argue that the sale price ($518k) reflected the risk Brady would return. That is - the risk was already baked into the cake, and is the reason the ball "only" went for $518k and not more.

Over a decade ago, Barry Bond's final homerun ball sold for $750k. Adjusted for inflation, in today's value, the $750k is worth over $832k. Thus, Brady's "final" TD ball sold for just 63% what the Bond's ball would fetch today.

In 1999, twenty-three years ago, a bidder paid $650k for Hank Aaron's final homerun ball (#755). Adjusted for inflation, in today's value, the $650k is worth over $1.1M. Thus, Brady's "final" TD ball only sold for less than half what Aaron's final ball would fetch today.

Like Aaron and Bonds, Brady is a legend and among the greatest to ever play. I know baseball's number are more sacred, but I would expect the true final Brady TD ball to sell close to par with Aaron and Bond's final balls.

The sports collectible market has only increased since the Bond's ball sale. Brady is the greatest QB, and perhaps the greatest football player. The fact his final ball only sold for fractions, when compared with Aaron and Bond's final balls, tells me that the bidding reflected the risk that Brady would come back. If bidder truly thought Brady would stay retired, the ball should've fetched near $1M.

If Brady stayed retired then $518k could have been an absolute bargain. The winning bidder took a gamble that didn't pay out. If Brady stayed retired, the bidder got a tremendous deal. If Brady came back, the bidder could back out and cancel? Where is the bidder's risk? Letting the bidder off the hook gives the bidder all the upside with absolutely no downside.

That's an interesting take. The only difference being Bonds & Brady are both very polarizing figures, and hated by many fans of the sport. I don't think you'd find any baseball fan who actively hated Hank Aaron (racism notwithstanding).

[D. Bergin]

It was literally hours later....right?

The chances 1/2 a million bucks was wired to Lelands before they had a chance to even send out their invoices, is pretty low I imagine.

I think it's in the bidders court to do what they want, considering the circumstances.

People renege on auction winnings all the time. If auction houses hired a team of lawyers every time somebody backed out of a sale (of which they only get a commission on, while taking the financial risk of the entire transaction), they'd all be broke right now.

I assume it's written in all auction terms for consignors, that non-paying bidders and other complications may arise, which can negate the final result of an auction lot.

[Yoda]

Maybe Tom will never throw another TD and the buyer will be doubly happy. Sure.

[Republicaninmass]

Maybe they will gave brady a come back at ages 50, 60, etc and keep throwing ONE TD...auctioned by lelands. It wont matter since people that have a lot of money dont care.

[chalupacollects]

Would it not matter if Brady had officially signed his NFL retirement papers at all? Or if they had even been processed?

If they were signed and processed would that not signal his retirement?

And this new season be considered a second career in the eyes of the court?

Couldn't either party state that as to Brady's true intentions as a fact not available at the time of sale?

Dunno myself if any of this really matters just random thoughts as I was reading the thread.

[Vintagedeputy]

If the buyer purchased “Brady’s final TD ball” and another ball becomes that final TD ball, hadn’t the buyer simply prepaid for the purchase of whatever ball becomes the final one, or is he tied to this specific ball? Which rules, the item or the description of the item?

Here’s another angle - if I buy a 3000th hit ball, and Elias credits the player with a previously unknown hit, do I now have 3001?

[Snowman]

This thread is hilarious, watching all the lawyers arguing back and forth, often in bad faith, as one would expect.

I've got good money that says the buyer doesn't pay for it, Leland's says something along the lines of "ya, we didn't expect you to", and no lawyers ever even get involved. Anyone care to place a wager?

[Aquarian Sports Cards]

Originally Posted by Snowman

This thread is hilarious, watching all the lawyers arguing back and forth, often in bad faith, as one would expect.

I've got good money that says the buyer doesn't pay for it, Leland's says something along the lines of "ya, we didn't expect you to", and no lawyers ever even get involved. Anyone care to place a wager?

I think it's more in the nature of an academic discussion. I can't see Leland's fighting this one out, so I basically agree with you.

[lowpopper]

Originally Posted by Tyruscobb

I would argue that the sale price ($518k) reflected the risk Brady would return. That is - the risk was already baked into the cake, and is the reason the ball "only" went for $518k and not more.

Over a decade ago, Barry Bond's final homerun ball sold for $750k. Adjusted for inflation, in today's value, the $750k is worth over $832k. Thus, Brady's "final" TD ball sold for just 63% what the Bond's ball would fetch today.

In 1999, twenty-three years ago, a bidder paid $650k for Hank Aaron's final homerun ball (#755). Adjusted for inflation, in today's value, the $650k is worth over $1.1M. Thus, Brady's "final" TD ball only sold for less than half what Aaron's final ball would fetch today.

Like Aaron and Bonds, Brady is a legend and among the greatest to ever play. I know baseball's number are more sacred, but I would expect the true final Brady TD ball to sell close to par with Aaron and Bond's final balls.

The sports collectible market has only increased since the Bond's ball sale. Brady is the greatest QB, and perhaps the greatest football player. The fact his final ball only sold for fractions, when compared with Aaron and Bond's final balls, tells me that the bidding reflected the risk that Brady would come back. If bidder truly thought Brady would stay retired, the ball should've fetched near $1M.

If Brady stayed retired then $518k could have been an absolute bargain. The winning bidder took a gamble that didn't pay out. If Brady stayed retired, the bidder got a tremendous deal. If Brady came back, the bidder could back out and cancel? Where is the bidder's risk? Letting the bidder off the hook gives the bidder all the upside with absolutely no downside.

All this is valid but the final HR ball from a
current HR King just seems to carry more weight