The 1986 World series ring that once belonged to ex-Mets and Phillies slugger Len Dykstra sold today, Oct. 2, 2009, for $56,762.50 at Heritage Auctions in Dallas. The price realized was almost triple the low original estimate of $20,000. The winning bidder was a collector from the Queens, NY-area. All prices include 19.5% Buyer’s Premium.
The 11 lots of Dykstra memorabilia realized a total in excess of $162,000 against pre-auction estimates of $60,000-$80,000.
"The winning bids far exceeded initial estimates on several other Dykstra items," said Chris Ivy, Director of Sports Memorabilia at Heritage Auctions. "For example, the home run ball he hit to win game three of the 1986 National League Championship Series, originally estimated at $4,000, brought an astounding $31,070."
The ring was sold as part of an 11-lot grouping of Dykstra material, consigned by Beverly Hills "Pawnbroker to the Rich and Famous," Yossi Dina, that included Dykstra’s World Series Trophy (Realized $19,120), his Phillies NLCS Ring (Realized $23,900), several All-Star rings brought higher than anticipated prices between $8,000 and $12,000 each, and several other notable home run balls realized between $1,400 and $2,800.
"Despite his travails off the field since his playing days ended," said Ivy of Heritage Auctions, "these prices show that interest in Dykstra, and his career, are still very high."
Dykstra, known as "Nails" in his playing days for his fearlessness and toughness, was hailed as a financial genius in the years since he retired for his many apparently successful business ventures. As it turned out, Dykstra’s wealth was tied to less than reliable practices and he, like millions of other Americans, watched his fortune evaporate as the world’s economy has stumbled. His fall from grace has been well documented.
As his money dried up, Dykstra took his prized baseball relics to Dina, in Los Angeles, to get some ready capital. Dykstra did not return to redeem the ticket and Dina took the memorabilia to Heritage Auctions.