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Whatever happened to disintermediation?
From the Rocky Mountain News:
Former Nebraska star [running back] Lawrence Phillips was seen in Las Vegas recently pawning one of his Big Eight championship rings -- reportedly for $20. "He said he was stuck in Las Vegas," pawn shop owner Steve Gibson told the Las Vegas Review-Journal. "He said, 'I need to get out of town.' Gibson then sold the ring on eBay for a reported $1,700.
Perhaps that's the definition of desperate: accepting a price that represents a 99% discount to market value. The inevitable next question is: Has Phillips learned from experience and put his other rings up for auction? (As of now, no.)
Posted by James Surowiecki on August 25, 2004 at 03:50 PM | Permalink
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From Rocky Mountain News (thanks to James Surowiecki at Marginal Revolution for the pointer): Former Nebraska star [running back] Lawrence Phillips was seen in Las Vegas recently pawning one of his Big Eight championship rings — reportedly for $2... [Read More]
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