Barry Bond's 700th HR Ball on Overstock.com ?!?!

Basilone

Strange outlet for such a historical piece.

Here is the link:

Barry Bonds 700th HR Baseball Auction


Bond's 700th HR Ball Auction Link

WinPitcher

If the ball sells for more than $200,000, I am donating a portion of the proceeds from the sale of home run ball number 700 will be donated to two charities: Mothers Against Drunk Driving (MADD) and the Edgewood Center for Children and Families in San Francisco, a counseling and treatment center for at-risk children.



jeese what a guy

Stone193

Steve
Let's not forget his:

Acknowledgements

I would also like my legal team, the "Pro Bono All Stars":
Daniel Horowitz
Ivan Golde
Dean Johnson
Michael Hassen
Jonathan Arons
Sunwolf (Jury Consultant)

Pretty cool - he has a legal team, all I have is:

DirtyHarry

Well, I do not blame him for NOT giving it back to Bonds. If it's all legit...more power to him. Almost $120k with 8 days to go. How can you fault the guy? What would anyone else do....give it to Barry or Cooperstown with this amount of gish to be had on a puny 392 foot home run?

67standup

<< <i>How can you fault the guy? What would anyone else do....give it to Barry or Cooperstown with this amount of gish to be had on a puny 392 foot home run? >>



mmm...give it to Barry, one of the greatest, but most unfriendly players of all-time, who would probably debate taking a picture with the guy. Or realize ~ $150K for his family, friends, charity, collection, etc.

Yeah, that's a tough decision.

Basilone

Its legit...I heard about it on Yahoo.

WinPitcher

i only was faulting the guy for saying it had to go over 200k b4 he would give some to charity. never said how much...

Stone193

<< <i>Well, I do not blame him for NOT giving it back to Bonds >>


I think he should have given the ball to the Hall of Fame as a donation for the good of the game.
NOT!
Harry
I was just having some fun with the "team" thing - in no way was I faulting the guy for selling the ball - I would have done the same exact thing. I agree with Steve, he didn't have to mention anything about the donation thing - he was obviously "hyping" the sale and setting a "condition" to his donation...what a
guy...ranks right up there with Mother Teresa...my hero.

Stone

dude

The purchaser can have 100% of any tax deduction and the donation to the charity can be made in your name or any name that you choose. Payment to the charity can be made directly from the Trust Account of Daniel Horowitz to the charity. Consult your accountant and if there is any particular method of handling this to satisfy the IRS we will work with you - e-mail Daniel Horowitz for any questions about this.

This is pretty sloppily written. First, I'm assuming that they are implying that someone can win the ball and donate it charity for a tax write off. Winning the ball, and keeping it and paying this yahoo isn't tax deductible - even if he donates a portion to his favorite charities. Also, not all charities are eligible for tax deduction status. They have to have some IRS document stating that they are approved.

DirtyHarry

I hear you Steve. It's cheesy that he set the 200k hurdle for the charity donation. Something like a flat 10% of his "windfall" would have been an upstanding gesture. Otherwise, he shouldn't have mentioned it at all. Regards.

jrinck

<< <i>I hear you Steve. It's cheesy that he set the 200k hurdle for the charity donation. Something like a flat 10% of his "windfall" would have been an upstanding gesture. Otherwise, he shouldn't have mentioned it at all. Regards. >>



He probably mentioned the 200K barrier so that people would bid that high--whereas, presumably, they wouldn't if there was no supposed charity donation.

DirtyHarry

Jrinick - Si, yo comprendo. Gracias. No estoy un bobo. De nada.

koby

I wonder how this guy chose overstock.com as the venue to sell this card, rather than ebay or a regular auciton house.

A761506

It was mentioned that he is donating 10% of the total proceeds (assuming the price is above $200K) to the charities. It's a pretty nice gesture on his part. I'm sure he'll need the write-off himself though.

Any accountants here... would this be treated in the same catagory as lottery, etc. winnings as far as his personal tax situation?

JackWESQ

As a member of the California Bar, I feel compelled to speak regarding the
sale of Barry Bonds' 700th homerun ball.

It's quite comical what Mr. Williams refers to as a "Legal Document." In my
daily practice, we simply call that...correspondence. Yes, a letter or an
exhibit. It is not a Declaration signed under penalty of perjury by Mr. Williams'
counsel or even a Order signed by the Court (e.g. Judge of the Superior Court).

According to the "Legal Document," Mr. Murphy and Mr. Patino sought to
prevent the sale of the baseball, i.e. they sought an injunction. The Court
denied Mr. Murphy and Mr. Patino's request for an injunction. Unfortunately,
denial of a request for an injunction are subject to appeal. In this case, I'm
guessing the higher the final sale price of the ball, the more likely an appeal
will be sought.

At least he charges a reasonable shipping fee of $15.00.

/s/ JackWESQ

aloof1003

over 500k and counting........... any guesses as to where it will end ? or will the auction even be completed ?

scott

metsfan

Why is this selling for so much? It's not a record breaking HR. Bonds is now the 3rd player to hit 700 hr's. Not the 1st or even 2nd! If he hits 756 that would make more sense.

koby

$757,500.00 with more than five days to go


Why in the world would someone want to pay so much for this ball?

Axtell

I wonder what portion of the 200k+ barrier the seller had planned on going to charity.

koby

I think whomever buys this ball is opening himself up to tons of problems when the ownership of the ball is still in question.