Baseball Legend Auctions Difficult Mets Memorabilia During Bankruptcy

At the time of the baseball legend’s hugely necessary bankruptcy filing, Lenny Dykstra owned only $10,000 and owed over $5 million—quite a loss for someone whose net worth was measured at $58 million.  Now, he’s poised to auction off his luxury watch collection and hope for the best in order to pay off his creditors.  Dykstra put his Patek Philippe watch up for auction, hoping to turn a sizable profit, but in this buyer’s market unfortunately only won $28,000 for the item.

The former leadoff hitter also plans to sell a 1986 New York Mets World Series trophy—a tragic sale for someone whose repertoire as a pinch leadoff hitter won him his fame.  However, Lenny Dykstra entered into dubious investments over the past few years.  He began a high-end jet charter magazine for professional athletes entitled, ‘The Players Club” in 2008, precisely when print media went into a tailspin and celebrities saw public scrutiny for taking charter jets that gave them a high global warming footprint.  His was a case of biting off more than he could chew, leading to almost imminent bankruptcy.

For Dykstra, bankruptcy will truly be a time to rebuild and reflect.  The Mets star has had an impossibly difficult year.  Supposedly living out of his car since August 2009, he has lost a $17.5 million home purchased from Wayne Gretzky to foreclosure, is the target of several lawsuits—even a sexual harassment case of a 17 year old girl, loaded with allegations that Dykstra had used racial slurs in his floundering company. 

He also crashed his Mercedes while he had a blood alcohol content of .179.  What’s more, the potential funds he could draw from his baseball glory day memorabilia is tainted by controversy as Dykstra was named in a Mitchell report as a steroid user.  Considering his proven steroid consumption, his “silver slugger” and “player of the week” awards might not win nearly as much in the bankruptcy auction as is hoped.

For Lenny Dykstra, bankruptcy is the last hope.  By turning over his credit card fraud lawsuits and other debt, he has hope for rebuilding.  Though he lost control of his bankruptcy case in September, his U.S. Bankruptcy judges are doing their best to send him on a path towards rebuilding.  If your life has unraveled due to similarly huge financial woes, there is help.  Filing for bankruptcy is never easy—call one of our qualified bankruptcy attorneys to help you see the light at the end of the tunnel.  We’ll help you take it day by day.  Call for a free initial consultation at 1-800-260-1402.

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