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I currently have a whole bunch of debt. Hmm...I wonder how much I could get for my kidneys?
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Monday, September 25, 2006
Pete Rose and Supply Versus Demand
According to a recent post over at the Freakonomics Blog, Pete Rose, the famous baseball player and manager who was banned for life from the game in 1989 for betting on baseballgames, signed some baseballs with the inscription "I'm sorry I bet on baseball" for some of his friends who were memorobelia collectors.

Somehow, some of these balls got into the hands of other collectors, who opted to auction them off on ebay.

When Pete Rose heard about this, he started selling new balls with the same inscription over at his own website, thus devaluing the price of the original signed balls.

I think that this story is very interesting. My question is, was Pete Rose angry that somebody stood to profit over something that he had intended as gifts for his friends, or did he himself see an opportunity to make a few bucks, and he ran with it?
posted by shamedsteven @ 2:41 PM  
  • At 6:54 AM, Blogger udandi said…

    so if those 30 balls were bought for 30k, is this guy selling the ones from Pete's site or of the 30 above?!

  • At 11:24 AM, Blogger shamedsteven said…

    I can't tell. For the sake of the bidders, I hope that the balls are from the original thirty, or else the bidders are getting ripped off!

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Name: Steven shamedsteven
Home: San Diego
About Me: Well, boys and girls, I, like a whole bunch of other people, made a series of "conscious, deliberate mistakes" and have ended up with a buttload of debt. What is chronicled here are some musings about the journey out.
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