Tiger Woods toys and collectibles have suddenly become distressed assets.
Collectors of sports memorabilia are selling Tiger merchandise at steep discounts or else pulling the products from the market entirely hoping that this will just be a temporary period of dislocated prices, Duff McDonald reports for the Daily Beast.
“It’s been very difficult for sports memorabilia and card dealers to move Tiger products,” says Joe Orlando, the president of Professional Sports Authenticators. “Many of them have told us they’re not even going to try until the dust settles.”
And Tiger toys are hitting the remainder bin in toy stores.
From the Daily Beast:
It’s hard, after all, to envision Dad buying Junior a toy with moveable parts depicting the man with the loosest club in town. Much less an “action figure.” At the Times Square Toys “R” Us in Manhattan on Monday, dozens of forlorn Tiger Woods action figures, also marked down from $15.99 to $9.98, had just been relocated “a couple days ago” from their usual home on the second floor to the corner of the basement, where most items are on sale, according to an employee. He said he believed that the price had been reduced at that same time.
The Toys “R” Us outside Seattle had four different kinds of Tiger figurines, also discounted to $9.98, though the store manager insisted they had been on clearance before the scandal. When we asked a sales rep at a Target in Tukwila, Washington, if they carried Tiger Woods action figures, she said she’d never heard of the product, before pausing and asking a sincere question of her own: “Is that intended as a gag gift?”
So what’s the one piece of Tiger related sports memorabilia that could fetch a huge price tag? You guessed it: the wedge Elin Nordegren used to break the window of Tiger’s Escalade. One expert tells McDonald it could fetch $250,000 if brought to market. That would make it the world’s most valuable golf club.
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