IRS to sell Sooner fan’s memorabilia
BY DON MECOY
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41
Published: February 20, 2009
A framed, autographed jersey of former University of Oklahoma defensive lineman Tommie Harris will be auctioned off by the IRS on March 5. PHOTO PROVIDED BY THE IRS
One Sooner fan’s financial plight may produce bargains for other supporters of the crimson and cream.
A slew of
University of Oklahoma sports memorabilia will go under the gavel March 5, part of an
Internal Revenue Service auction of property seized for back taxes.
Footballs signed by
Barry Switzer, the 2000 national championship football team and
Jamelle Holieway are among the treasures to be offered.
Eileen F. Foy, IRS property appraisal and liquidation specialist, said the scheduled sale has produced surprisingly little interest.
The IRS conducts the auctions by taking bids of everything in a particular lot, and then takes separate bids for each of the individual items, Foy said. Whichever method produces the most money for the IRS is the way it’s sold, she said.
The minimum bid for the entire lot is $3,260, which is about 60 percent of the appraised value, Foy said. The property includes a pool table, artwork and office furniture and equipment in addition to the sports memorabilia.
The agency charges no taxes or fees for buyers. "What they bid is what they pay,” she said.
Two other lots will be auctioned March 5, including collectable coins, jewelry and other miscellaneous items.
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Jamelle Holiway is for sale?
This is news? Really?
No one will pay for autographed trinkets? Not even if those trinkets have an ou logo on them?? I am stunned. Thanks for the heavy hitting!