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Investments slumping? Consider buying a piece of 'The House That Ruth Built'

Are your stocks and other investments underperforming? Well, consider buying a piece of Yankee Stadium as an investment.

Yankee Stadium, the cathedral of baseball, and "The House That Ruth Built," closes today.

In 2009, the City of New York will auction-off seats, signs, lockers, and other valuable parts of Yankee Stadium and Shea Stadium, both of which are owned by the city and which will be replaced in April 2009 by two new stadiums, a new Yankee Stadium in The Bronx for the New York Yankees, and CitiField in Queens for the New York Mets.

Artifacts from both ballparks will have value, but Yankee Stadium's will far exceed most items from Shea Stadium, collectors say.

That's because, among sports venues, in human history Yankee Stadium ranks second only to the Roman Coliseum in cultural and social significance.

We know what occurred in the Coliseum: its activities symbolized life during humanity's descent. We also know what has taken place in Yankee Stadium, and the games played and events held there help tell the story of humanity's ascent.

Continue reading Investments slumping? Consider buying a piece of 'The House That Ruth Built'

Barry Bonds' baseball: What's it really worth?

Yesterday Barry Bonds of the San Francisco Giants broke baseball's most hallowed record, the career home run mark held for the last 80+ years by only two people; Babe Ruth and Hank Aaron. When the dust cleared from the scramble for the ball, Matt Murphy, a 22-year-old from Queens, New York, was holding the prize. The value of Bonds' home run ball is estimated at $400,000 and up.

The value to me: $0. He, Sammy Sosa, Mark McGwire and the other steroid sluggers have given the grand old game a black eye that taints every player's accomplishments.

If someone is dumb enough to fork over big bucks for this tainted trophy, I'd like to offer them a selection of other treasures, such as --
  • Ken Lay's Bible
  • Floyd Landis' pee cup
  • Rosie Ruiz's running shoes
  • Uri Geller's spoon
  • Frank Abagnale's pilot wings
  • Milli Vanilli's musical charts
  • Jayson Blair's chair from the NYT
And a share in a surefire scheme I have cooking with this guy in Nigeria who has to move some money out of the country discretely.

On second thought, perhaps the ball should be given back to Mr. Steroid. Then he'd at least have one larger than a peanut.

Symbol Lookup
IndexesChangePrice
DJIA-47.2410,244.02
NASDAQ-7.042,159.86
S&P 500-6.071,092.44

Last updated: November 12, 2009: 12:10 PM

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