For all of you that think that the Yankees won't be affected by the economy, take a gander at this article from ESPN about a failed Stadium memorabilia auction, including the last home run ball.
Among the main points of the article
- More than 400 items had been up for option
- A collection of 15 World Series and American League championship rings belonging to a former Yankees' owner fell over a quarter of a million dollars short of expectations
- A Mickey Mantle car expected to fetch at least $50,ooo sold for only $34,000.
Does the auction immediately impact the Yankees? No, it doesn't...but it does illustrate that the problem with the economy isn't just in the big banks on Wall Street.