Game Used Universe closed its first-ever auction in the wee hours of last Friday, with a John Elway game-worn road jersey and some vintage bats leading the way.
It began as a forum for collectors to exchange information. In just a few years, GameUsedUniverse.com has evolved into something a little more substantial. The company spent months collecting consignments for its first-ever on-line sports memorabilia auction, hoping to steer collectors toward its business model.
Forums attached to each item, a relatively low 10% buyer’s premium and a wide variety of game-used equipment and uniforms did just that when several hundred pieces were consigned.
The auction closed just after 3 AM Eastern time Friday with a 1986 John Elway road jersey attracting the most interest from registered bidders. The jersey sold for $18,160. With the buyer’s premium tacked on, the realized price was $19,976.
A Spalding model Ty Cobb bat brought $11,790 with the buyer’s premium while a 1914-15 Wahoo Sam Crawford professional model sold for $7073.
Interestingly enough, the auction closed just days after the departure of Yankees’ manager Joe Torre. A 2005 Torre home pinstriped jersey was in the auction and sold for $3252.