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Subject: Re: IIRC


Author:
An Observer
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Date Posted: 13:20:59 07/11/24 Thu
In reply to: Go Green 's message, "IIRC" on 13:14:50 07/10/24 Wed

Yes, after he retired from the NBA, Laettner got into the real estate development business and it did not go well. Besides allegations of fraud and lawsuits aplenty (Laettner sued his OWN company Blue Devil Ventures for $10 million), he flirted with personal bankruptcy.

During the worst of it about a decade ago, Laettner auctioned off many items from his career memorabilia, including the jersey believed to have been worn when he corraled Grant Hill's three-quarter court pass, faked right and then spun to his left before releasing perhaps the most famous shot in college basketball history.

What do you think that Duke jersey, with unproven provenance, fetched in 2014?

$119,500.

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[> [> [> [> Subject: Sounds consistent with my understanding


Author:
Go Green
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Date Posted: 18:05:33 07/11/24 Thu


And I don't think Laettner is that complicated a guy. He was an excellent college player (one of the best). He had a respectable professional career. He relied on his reputation to convince others to make investments in a field that he probably didn't know that much about, with predictably poor results.


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