Patriots Super Bowl 36 ring auctioned on eBay - ends with NO bids

[PATRIOTSFANINPA]

$50,000 apparently was a little too much for this ring - no bids at the 50K opening bid

The auction ended earlier this afternoon

Patriots Super Bowl Ring Auctioned on eBay, Received No Bids --NFL FanHouse

If I am not mistaken I think Jerod Cherry was giving his ring for a charity last year so I am not sure if it was his but this was from a 3x championship player on all 3 teams and that list is not very big - Ring is a size 11

 

[RobAllan]

$50,000 apparently was a little too much for this ring - no bids at the 50K opening bid

The auction ended earlier this afternoon

Patriots Super Bowl Ring Auctioned on eBay, Received No Bids --NFL FanHouse

If I am not mistaken I think Jerod Cherry was giving his ring for a charity last year so I am not sure if it was his but this was from a 3x championship player on all 3 teams and that list is not very big - Ring is a size 11

I'm surprised a 3x ring couldn't fetch that amount. That said, might be the wrong time to sell it too.

-Rob-

 

[Ring 6]

I'm surprised a 3x ring couldn't fetch that amount. That said, might be the wrong time to sell it too.

-Rob-

Never really understood why someone would pay that type of money to possess a championship ring they didnt earn.............

 

[PATRIOTSFANINPA]

Never really understood why someone would pay that type of money to possess a championship ring they didnt earn.............

Its called a being a sports memorabilia C-O-L-L-E-C-T-O-R

Sort of like having an item that had less than 100 made

I have seen limited rare old school video games that had less than 100 made go for $600 or more

Some people simply collect while others seek very limited products - Its a hobby usually set for the richer part of society who can afford overpriced stuff.

 

[Sicilian]

Never really understood why someone would pay that type of money to possess a championship ring they didnt earn.............

If the money goes to charity, I'm ok not understanding it.

 

[KDPPatsfan85]

If i had 50k to waste i would buy that ring, but im broke!!

 

[blackglass3]

Brock Williams sold his SBXXXVI ring on Ebay within the last few months, but I believe he was named as the ring owner. It also went for $50K, if I am not mistaken.

I am suprised no one bought this...I imagine there is big money to be had in the sports collectible buisness.

 

[Ring 6]

Its called a being a sports memorabilia C-O-L-L-E-C-T-O-R

Sort of like having an item that had less than 100 made

I have seen limited rare old school video games that had less than 100 made go for $600 or more

Some people simply collect while others seek very limited products - Its a hobby usually set for the richer part of society who can afford overpriced stuff.

Duh. I understand the idea of investing in sports memorobilia. I rule that out in this case, because a SB ring would seem to be a poor investment. That limited amount increases every year since new SB rings get issued every year. It seems like a foolish investment to spend $50,000 on a SB ring (apparently im right since no one bid) when there are many other types of memorobilia that both have a track record of appreciating and have a limited supply.
If it is a poor investment, then it would be something bought to keep, ie I'm a Patriots fan and I bought a ring to celebrate and remember the SB Championship. Which is where my comment came from, I can't understand why you would pay a lot of moeny ot buy a ring you didn't contribute to.
The richer part of society doesnt make habit of buying 'overpriced stuff' they invest in what some people consider overpriced and then sell it for more later.

 

[Deus Irae]

Duh. I understand the idea of investing in sports memorobilia. I rule that out in this case, because a SB ring would seem to be a poor investment. That limited amount increases every year since new SB rings get issued every year. It seems like a foolish investment to spend $50,000 on a SB ring (apparently im right since no one bid) when there are many other types of memorobilia that both have a track record of appreciating and have a limited supply.
If it is a poor investment, then it would be something bought to keep, ie I'm a Patriots fan and I bought a ring to celebrate and remember the SB Championship. Which is where my comment came from, I can't understand why you would pay a lot of moeny ot buy a ring you didn't contribute to.
The richer part of society doesnt make habit of buying 'overpriced stuff' they invest in what some people consider overpriced and then sell it for more later.

Why buy team bobbleheads?

 

[Ring 6]

Why buy team bobbleheads?

I don't, but I'm sure part of the reason some do is that they don't cost $50,000.

 

[Deus Irae]

I don't, but I'm sure part of the reason some do is that they don't cost $50,000.

Sure, but the concept is still the same. The only difference is the wealth of the purchaser. From shirts and hats, to pennants and little tiny bats, fans buy the stuff to be a 'part' of the team. Some of it's even functional and useful, but it's not all that way.

 

[PATRIOTSFANINPA]

Duh. I understand the idea of investing in sports memorobilia. I rule that out in this case, because a SB ring would seem to be a poor investment. That limited amount increases every year since new SB rings get issued every year. It seems like a foolish investment to spend $50,000 on a SB ring (apparently im right since no one bid) when there are many other types of memorobilia that both have a track record of appreciating and have a limited supply.
If it is a poor investment, then it would be something bought to keep, ie I'm a Patriots fan and I bought a ring to celebrate and remember the SB Championship. Which is where my comment came from, I can't understand why you would pay a lot of moeny ot buy a ring you didn't contribute to.
The richer part of society doesnt make habit of buying 'overpriced stuff' they invest in what some people consider overpriced and then sell it for more later.

Obviously you have not been to many houses of people who are well to do

Of all the times I have went to relatives and friends who are pretty steep in cash, there is always an expensive collection in their homes of anything from Bobbleheads in a curio cabinet to old restored pinball machines to classic cars and when I asked about their collection (which I almost always do) almost all have said they paid more than they should of for most of the stuff just to enhance their home and increase their love of whatever collection they desired .. and of course because they wanted to and you can do just that with lots of $$$ without a worry of selling it later because they simply dont need to resell for cash - A collection does not have to be and investment like wall street,it is the love of collecting something you want to be proud of.

 

[Gwedd]

There's also the question of it's being a genuine item.

More than one rich collector has gotten bitten, especially by an item that has been "laundered" through several dealer's hands. My father was (is) an antiques dealer. I grew up in the trade. It's kept me from getting burned more than once.

 

[PATRIOTSFANINPA]

There's also the question of it's being a genuine item.

More than one rich collector has gotten bitten, especially by an item that has been "laundered" through several dealer's hands. My father was (is) an antiques dealer. I grew up in the trade. It's kept me from getting burned more than once.

I am sure if someone had paid 50Gs for this they would have sent it right over to a Jewelry store appraiser for authentic verification or they could have gone back to Paypal for their money back if proven fake.

 

[RobAllan]

I am sure if someone had paid 50Gs for this they would have sent it right over to a Jewelry store appraiser for authentic verification or they could have gone back to Paypal for their money back if proven fake.

Well, this is a legit concern as PayPal is no guarantee you'll get your money back. Best way to ensure that is

1. See the ring in person before the purchase (fly down and have it checked out-- you can afford a plane ticket if you can buy a $50K ring for your collection)

2. Pay via your credit card using PayPal. That way if PayPal messes you, you still can get a chargeback via the card.

Verification of collectibles is difficult, but strangely once you start to remove financial restraints (such as would be the case in this transaction) it gets a bit easier. Either way, it's still surprising that given the historic nature of this particular ring, a collector out there didn't scoop it up.

I still question the timing of the sale. Between the economy and football not currently being in season, the recent swine flu distraction ,etc. It would probably have been more sensible to list a lower starting bid and then hit it with a reserve instead.

My two cents...

 

[Fencer]

I still question the timing of the sale. Between the economy and football not currently being in season, the recent swine flu distraction, etc.

We have bingo.

Unless the seller also was in particular need of the money due to the economy. (Which a charity might be, by the way.)

Also, if it is indeed Cherry's ring, I'm not sure I'd disrespect the charitable gift by letting it go cheap.