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Lenny Dykstra's Baseball valuables to be auctioned
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Lenny Dykstra aka "Nails" as in as tough as, is going filing for bankruptcy protection and will be sending his valuable Major League Baseball memorabilia to auction.
His 1986 World Series trophy and ring, bats, balls and other items will be sold by Heritage Auction Galleries of Dallas Texas per order of Yossi Dina, the "Pawnbroker to the stars" who holds notes on the items.
Ironically, Dykstra who filed for bankruptcy protection in July of this year, started a Web site offering investment advice. He also launched an exclusive magazine for pro athletes
To raise money, he pawned his valuables to Dina, who is now planning to have Heritage Auctions sell them.
Dykstra played on the 86 World Series Championship Mets and the 93 Phillies, N.L. Pennant winners. It's likely that his instrumental rolling in winning those titles will make for lively auction lots.
Chris Ivy, who handles the sports auctions at Heritage Galleries estimated that Dykstra's World Series trophy and ring should each bring about $20,000. Add to the fact that the Mets have not won another championship since 86, and you have a heightened sense of scarcity, perhaps the most important attribute a higher end auction lot can have.
Bidding for the lots have already started online and go until Oct. 2. At which point the highest bids taken online will become the starting bids at a live auction to be held later.
It's said that Dykstra hopes to bid on some of the lots.
My take-a-way: If the average person invests wisely in collectibles, they can be the safest thing in a portfolio. I've got at least a few articles stating that position here on the Examiner, and it would appear to be proved with this story.
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