You know what I’ve given a lot of thought to over the years? What happens to my collection of autographs and sports/movie/music memorabilia when I die. Since I only have one kid, I just assumed she’d get it all. The problem is...I don’t want her getting ripped off if she decides to sell things. Let’s say I die when I’m 83 (which is wishful thinking, if you knew of my love of cigars and chocolate). There are going to be folks that tell her they can’t authenticate them, and they’ll low-ball her on the price.
My daughter is going to get mad that so many were personalized to me, since those are worth a lot less.
There will be many that she won’t sell, but keep for herself. We have a lot of the same tastes in music. I’m guessing once I get into my 70s, I’ll start selling off the items myself, as I’ll know how to go about getting top-dollar for it.
I’ve thought about what happens with famous people when they get remarried, pass away, and a new wife inherits valuable collectables.
Everyone was freaking out when Paul McCartney married Heather Mills. For me, the problem I had with it was...she didn’t seem like a nice person. I met her at a charity function with Paul, and she wasn’t friendly. I had seen her on interviews, and she didn’t seem that nice. Paul’s daughter wasn’t thrilled with her, either.
Well, we know how that turned out.
Had they stayed married and Paul died at the age of 85...what happens to all of Paul’s memorabilia? It would be worth millions and millions. The gold and platinum records with the Beatles and Wings, handwritten lyrics, and lots of other goodies. Would Heather have all that, or would the kids get any of it?
The reason people should figure this stuff out well before they die, is shown in this recent news story.
Baseball Hall of Famer Don Drysdale died of a heart attack in 1993. Well, seven years before he died, he got married for the second time, in what was the only time two Hall of Famers ever got married. It was to basketball great Ann Meyers. She was a stand-out player at UCLA, and the Indiana Pacers offered her a $50,000 contract (she ended up not making the team, but made the Basketball Hall of Fame). She currently broadcasts for the Phoenix Suns and does a few other things in basketball.
Meyers was 20 years younger than Drysdale, which probably wasn’t such a thrill for his daughter from the first marriage. She’s even less thrilled now. You see, Ann Meyers Drysdale is selling memorabilia from his Dodgers days. There are 166 items, including World Series rings from the mid-60s (those have a minimum bid of $15,000), his 1956 National League championship ring, and the ball used from the final inning of his record 59 scoreless innings streak.
Ann said some of the money will go to a charity, and the rest to help their kids. She added, “Don would’ve wanted this.”
That statement leads me to ask...why then, didn’t Don sell those valuable things when he was alive?
Kelly Drysdale is furious, saying Ann didn’t inform anybody in the family, or even offer them any of the items. She said she grew up looking at the Cy Young Award on the wall, and would’ve liked that. Meyers contends these items were just sitting in storage, to which Kelly said, “If it’s just about getting them out of storage...offer them to family first.”