eBay bans Manny Ramirez grill


You can't ever say that Boston Red Sox fans aren't enthusiastic. A gas grill, reportedly listed by Manny Ramirez, has been removed from online auction site eBay Inc. (NASDAQ:EBAY) after bids spiked to nearly $100 million. Originally purchased for about $4,000 and used once, according to the Red Sox slugger's testimony, the minimum bid of $3,000 was registered shortly after 1:00 p.m. Tuesday. By midnight, the offers were out of control.

While the site offered no explanation for the listing's removal, other parts of the eBay web site warn that items may be taken down if thought to violate eBay policies. The listing had featured seven pictures of the Jenn-Air grill, two with Ramirez in the shot.

When asked by the Associated Press why he was helping sell the grill (later discovered to belong to a neighbor), the ballplayer with the $160 million contract joked "I need the money." He also promised an autographed baseball for the winning bidder.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.
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Last updated: February 09, 2012: 02:36 PM

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