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After being sued for $200K, Dr. J puts his trophy case up for auction

Discussion in 'NBA Dish' started by RV6, Oct 26, 2011.

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RV6 Contributing Member

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http://sports.yahoo.com/nba/blog/ba...-for-200K-Julius-Erving-puts-h?urn=nba-wp9766

Some of the marquis items from the collection include Dr. J's 1974 and 1976 New York Nets ABA World Championship ring; 1983 Philadelphia 76ers World Championship ring; 1996 NBA's 50 Greatest Players ring; MVP trophies from 1975-76 (ABA) and 1980-81 (NBA); 1977 and 1983 NBA All-Star game MVP trophies; 1979, 1981 and 1985 Eastern Conference All-Star game-worn uniforms, 1982-83 Philadelphia 76ers game-worn road uniform; and his final game-worn jersey from Game 5 of the 1987 Eastern Conference playoffs.
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I think Will Smith will buy at least one of these items.

#1 RV6, Oct 26, 2011

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RV6 said: ↑

http://sports.yahoo.com/nba/blog/ba...-for-200K-Julius-Erving-puts-h?urn=nba-wp9766

I think Will Smith will buy at least one of these items.
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Probably all the Sixers stuff, save the Nets junk for Prokhorov to put in the BarClays Center.

#2 da_juice, Oct 26, 2011
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This is sad. He should at least keep his MVP trophies and championship rings..

#3 acshen, Oct 26, 2011
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acshen said: ↑

This is sad. He should at least keep his MVP trophies and championship rings..
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If I had the money, I'd buy them and give him the stuff back.

#4 da_juice, Oct 26, 2011
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da_juice said: ↑

If I had the money, I'd buy them and give him the stuff back.
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or you could just give him money.

#5 Asian Sensation, Oct 26, 2011
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this is sad, a great player like him is just getting by and guys like Eddy curry who are below average will never have to worry about finances for the rest of their lives

#6 SPF35, Oct 26, 2011
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SPF35 said: ↑

this is sad, a great player like him is just getting by and guys like Eddy curry who are below average will never have to worry about finances for the rest of their lives
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Curry is in debt.

#7 da_juice, Oct 26, 2011

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Asian Sensation said: ↑

or you could just give him money.
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hahahahahahaha lol

#8 apollo33, Oct 26, 2011
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This is sad, at least he's trying to honour his payment...
Hopefully a good-hearted person will give him the money or the NBA should take it and hold it until he can pay off the loan

#9 The CDN Dream, Oct 26, 2011
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A bank foreclosed on a house he owned also. Despite being a superstar in his era, he probably never made more in his whole career than say Stromile Swift made in one MLE contract.

#10 tiger0330, Oct 27, 2011
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Dr. J Memorabilia Fetches $3.5M In Biggest Online Sports Auction Ever

http://www.thepostgame.com/blog/thr...etches-35m-biggest-online-sports-auction-ever

Julius Erving is one of the best basketball players in history. When it came to earnings, however, Dr. J's career ended just before salaries began to soar higher than his breathtaking one-handed dunks.

Erving's biggest payday by far came in the wee hours Sunday morning when an online auction closed and 144 of his possessions had sold for $3,552,627.

His 1974 ABA New York Nets championship ring fetched $460,741, the highest total ever for a sports ring. Five more of Erving's rings each exceeded $195,000. Three MVP trophies each exceeded $165,000.

What SCP Auctions had described as "the largest and most significant player basketball collection ever sold" indeed set a record for the most money brought in for one man's basketball memorabilia.

"It was mindboggling," SCP president David Kohler said. "Normally rings go for $25,000 or so. Before the sale I didn't think they'd bring $50,000. We were blown away. I spoke to Julius and he's ecstatic."

Nearly everything went higher than expected. Dr. J asked a minimum bid of only $2,000 for his high school class ring, yet it sold for $35,801.

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The cash should come in handy for Erving, 61, who was sued last month for an outstanding debt of $205,277.84 to a bank in Georgia. The Heritage Golf Club near Atlanta he bought in 2008 and a $2.3 million home he owns in Utah face foreclosure.

All in all, collectors spent more than $6.5 million at the auction – a new high in the dozen-or-so years of organized online bidding.

Among the non-Erving pieces that sold for eye-popping amounts:

• Lou Gehrig’s 1938-39 bat used to hit his last home run, which originated from the estate of actor Bing Russell, yielded $403,664. The only bats that have sold for more were the one Babe Ruth used to hit the first homer at Yankee Stadium and Shoeless Joe Jackson's "Black Betsy." Here is a story about the history of the bat on ThePostGame.com.

• A historic 1887 photograph and dinner program signed by baseball Hall-of-Famer Mike "King" Kelly (see below) went for $214,936, by far the highest price for a photo signed by a single player. Kohler said the only baseball photo to be sold for more was a team shot signed by the entire 1927 New York Yankees. Here is a story about Kelly and the autographed program on ThePostGame.com.

• Muhammad Ali's fight-worn trunks from the Ali vs. Frazier "Fight of the Century" sold for $173,102.

• Hall of Fame catcher Mickey Cochrane’s 1934 American League MVP trophy fetched $125,332 and a Ted Williams Boston Red Sox game-worn road jersey sold for $77,820.

All impressive numbers, all prized by new owners, but this auction started and ended with the Dr. J collection. He said a portion of the proceeds would go to the Salvation Army.

"It is my hope that the buyers of these items will derive much pleasure from their ownership," Erving said in a statement. "I also hope these treasures initiate much discussion inside and outside of basketball circles that help to preserve my legacy."

Here's a list of the highest auction prices for items sold by Erving:

• 1974 ABA New Jersey Nets championship ring: $460,741

• 1983 76ers championship ring: $244,240

• 1978 All-Star ring: $238,853

• 1983 All-Star ring: $218.977

• 1984 All-Star ring: $218,977

• 1976 New York Nets ABA championship ring: $195,396

• 1980-81 NBA MVP trophy: $177,632

• 1975-76 ABA MVP trophy: $173,102

• 1977 NBA All-Star Game Most Valuable trophy: $168,728
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#11 RV6, Nov 21, 2011
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Sucks that he had to sell his stuff, but hopefully this keeps him set for awhile. Also, he lives in Utah?

#12 Ricksmith, Nov 21, 2011
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It's good that he got enough money to cover the foreclosure and the lawsuit.

He needs more cash for retirement, though. Dr. J should look to George Foreman's agent and work on product endorsements. It would be a way to make money without needing capital.

#13 BetterThanEver, Nov 21, 2011

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You know what if all the players talk about it isn't about money but its about the principle and teh future of the league. They should include a clause and request in the CBA to give more money to retired players more opportunities anyways. To see DR J one of the top 50 ever have to do this is ashame

#14 SPF35, Nov 21, 2011
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I don't think I could buy another man's trophies. Seems kind of lame.

#15 REEKO_HTOWN, Nov 21, 2011
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Great for Dr. J, he has the memories, no need for the trophies....of course don't say that to my 9 year old.....lol.

DD

#16 DaDakota, Nov 21, 2011
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Wow I had no idea he was not handling his money better. With all the commercials and assorted promos I have seen him in through out the years I just assumed he was still living the dream.

Dr J is one of my favorite all time players. I wish TNT would pick him up and pair him with Barkely on the basketball shows. He would be a hundred times more entertaining and informative than Chris Webber or the Glove.

#17 crash5179, Nov 21, 2011
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SPF35 said: ↑

You know what if all the players talk about it isn't about money but its about the principle and teh future of the league. They should include a clause and request in the CBA to give more money to retired players more opportunities anyways. To see DR J one of the top 50 ever have to do this is ashame
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No doubt he made some bad investments or or made some bad decisions based on bad advice. With all the commercials and the money he's made in the NBA plus the movies, he should have been set.

#18 crash5179, Nov 21, 2011

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Is it true Lebron bought all the rings? :grin::grin::grin:

#19 pahiyas, Nov 21, 2011
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pahiyas said: ↑

Is it true Lebron bought all the rings? :grin::grin::grin:
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I am sure he had to bid against Barkley and Ewing !

DD

#20 DaDakota, Nov 21, 2011

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