What happens to the value of the first ball that broke the home run record if Barry Bonds keeps hittin homers?
Does the value of the ball decrease? Is it the first ball that breaks the record that is the most valuable or is it the most homers record ball that is worth the most?
What happens if a foreigner were to catch the ball? Is he liable for the taxes of being in possesion of the valuable baseball memorabilia and how would the IRS collect?
Answers:
The ball won't go up in value because of the doping scandals. That's why this one is averaged at $300,000 as opposed to millions like the last one.
The ball has its greatest value now, while it represents the current record. At the next homer, the value of that ball will be cut in half. The next really valuable ball will be the very last homer, but no one can know which one will be the last one. The United States could impose tax on a foreigner who caught the ball, as income earned within the U.S.
I would think the last homer Bonds hits will have the most value.
If a foreigner caught the ball, does it have any value if not sold, would be the first place I would look, if not Take it back home and sell it.
In theory, yes, the ball will only go down, but keep in mind... it is just a ball. It is worth whatever people say it is worth. If no one is willing to pay a penny for it, then it is basically worthless. However, if people agree that it is worth $300,000 and someone is willing to pay a million for it, then it is now worth a million.
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What happens if a foreigner were to catch the ball? Is he liable for the taxes of being in possesion of the valuable baseball memorabilia and how would the IRS collect?
Answers:
The ball won't go up in value because of the doping scandals. That's why this one is averaged at $300,000 as opposed to millions like the last one.
The ball has its greatest value now, while it represents the current record. At the next homer, the value of that ball will be cut in half. The next really valuable ball will be the very last homer, but no one can know which one will be the last one. The United States could impose tax on a foreigner who caught the ball, as income earned within the U.S.
I would think the last homer Bonds hits will have the most value.
If a foreigner caught the ball, does it have any value if not sold, would be the first place I would look, if not Take it back home and sell it.
In theory, yes, the ball will only go down, but keep in mind... it is just a ball. It is worth whatever people say it is worth. If no one is willing to pay a penny for it, then it is basically worthless. However, if people agree that it is worth $300,000 and someone is willing to pay a million for it, then it is now worth a million.
The Answers post by the user, for information only, FreeLawAnswer does not guarantee the right.
Answer question:
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