$40,000-original 20' x 24 (appx) michigan state university basketball court section

Jun 02, 2020. 15:18 UTC
$40,000-Original 20' x 24 (appx) Michigan State University Basketball Court Section
Debra
United States of America

Acquired from
Other

For sale
Yes
Description

Original basketball court from Michigan State University's Breslin Center used by the Spartans until the court was replaced in 2000. The modular floor has removable sections and has been installed within a building on a private residential property and will have to be removed by the buyer. The size is 20 by 24 with the section including the basketball court's key and the Spartan helmet graphic. Sections of basketball court at such a scale as this are rarely available for sale. The floor is in excellent condition. Certificate of Authenticity and holograms for each section included. Asking $40,000. Serious inquires only.

Provenance

We acquired thru purchasing our home it is housed in a separate building on our property.

Answered within 2 days
Jun 04, 16:01 UTC
By Trey

Fair Market Value

$20,000 - $40,000 USD

Insurance Value

$60,000 USD
What does this mean?

Thank you for contacting Mearto with your appraisal inquiry. Based on the photographs and description provided, the subject of this appraisal is a section of the original basketball court from Michigan State University's Breslin Center, used by the Spartans until the court was replaced in 2000. The modular floor has been installed within a building on a private residential property.

Based on the photographs the floor's dimensions are estimated at 20' x 20' with the section including the basketball court's key and the Spartan helmet graphic. The floor was purchased from a now-defunct memorabilia dealer in Lansing, Michigan. The floor appears to be in excellent condition from photographs examining only its surface.

Sections of basketball court at such a scale as this rarely sell at auction. The closest comparables found both sold at Heritage Auctions within the past decade and form a large part of the basis for this appraisal. Specifically a section of 2011 Dallas Mavericks Court Section with the Mavericks typeface logo from their NBA Championship Season sold in 2013 for $9,560. The section in question was 21' x 4'. Another section (this featuring the Mavericks symbol logo alone) in a different configuration of approximately 8' x 6' sold for $8,962.50.

As a piece of sports memorabilia, determining its value based on the comparables in this appraisal will rely on a mathematical formula and giving the piece a price per square foot based on the comparable sales. Using the approximately 50 to 100 square foot sections of Mavericks flooring that sold for approximately $10,000 each (or rounding the figure to $100 to $200 per square foot), this estimate will reduce the value from those comparables as the section of flooring in question - while from a championship-winning team as of the season that the flooring was "retired" - is at the collegiate level as opposed to the professional level. This appraisal will estimate the value of the flooring in a range of $50 to $100 per square foot.

In consideration of the factors noted, a Fair Market Value (pre-auction estimate) of this piece would be estimated at $20,000 to $40,000.

This item is for sale

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