One Sooner fan’s financial plight may produce bargains for other supporters of the crimson and cream.
A slew of University of Oklahoma sports memorabilia will go under the gavel March 5, part of an Internal Revenue Service auction of property seized for back taxes.
Footballs signed by Barry Switzer, the 2000 national championship football team and Jamelle Holieway are among the treasures to be offered.
Eileen F. Foy, IRS property appraisal and liquidation specialist, said the scheduled sale has produced surprisingly little interest.
The IRS conducts the auctions by taking bids of everything in a particular lot, and then takes separate bids for each of the individual items, Foy said. Whichever method produces the most money for the IRS is the way it’s sold, she said.
The minimum bid for the entire lot is $3,260, which is about 60 percent of the appraised value, Foy said. The property includes a pool table, artwork and office furniture and equipment in addition to the sports memorabilia.
The agency charges no taxes or fees for buyers. "What they bid is what they pay,” she said.
Two other lots will be auctioned March 5, including collectable coins, jewelry and other miscellaneous items.