Bonds Ball Bagger To Sell

The young man who caught Bonds's 756 will be selling it. Why? Because of the tax consequences of holding on to it. That's why.

Is it better for society that such objects move up to the wealthiest because only they can afford their upkeep? Or is it sad that a normal person who happens to be in the right place at the right time can't benefit from keeping such an important piece of memorbilia?

This still does not solve the tax question. Do you have a basis in the ball for tax purposes? As DB suggested, this could be the price of your ticket. Or do you count your tax basis as zero -- to be fair, the difference is minimal.

Oh, and he's giving some of the estimated $500K proceeds to friends. Good man.