Does a sense of history sometimes trump public opinion? Premier Auctions, LLC recently sold Barry Bonds’ 70th home run ball, hit during the record-breaking 2001 season for $60,000, just months after it went for a fraction of that price.
Like him or not, Barry Bonds is one of just two players in baseball history to hit 70 home runs in a single season. The ball that put him into a club with Mark McGwire generated barely a ripple at a major auction in Cleveland this summer, but may have gained some newfound respect.
Beckett Elite magazine is reporting that Steve Myland, a long-time hobbyist from Phoenix, Arizona, purchased the ball recently for $60,000, barely over three months since it went for just $14,400 in the House of Blues sale conducted by Mastro Auctions.
The ball, authenticated by a numbered stamp and hologram from Major League Baseball, once sold for $60,000 but Dan Wulkan of Memory Lane Inc. bought it for what appears to be a bargain price in Cleveland. The sale of this ball reaffirms the value and historical significance of Bonds memorabilia and returns this baseball to a level befitting its historical connotation according to Walter Cerini, a partner with Premier Auctions.
"Our understanding from the parties involved is that this ball simply slipped through the cracks at the auction in Cleveland and Mr. Wulkan was able to purchase this item well below market value," said Kevin Haake, Beckett Elite editor. "There is no doubt the Barry Bonds collectibles are volatile but to see such a dramatic drop was an anomaly. The current value of that ball has been realized and I would predict that as collectors gain a more global view of Bonds’ accomplishments who knows where the ultimate value will land."
"It was a pleasure to help find this ball a deserving home" says Premier Auctions partner Matthew Palermo. Premier Auctions, LLC is based out of Scottsdale, Ariz., and conducts sports, historical, presidential, and entertainment memorabilia auctions every other month.