Boxing Legend Thomas Hearns Sells Personal Items to Resolve IRS Debt

If you are like me and love the sport of boxing,were 'very kind' to come out to the event billed as the
autographed boxing memorabilia can be cherished"Battle of His Life".
prizes for a purist. I was born in 1970, and I was a littleThe report did not go into detail how Hearns acquired
kid when Muhammad Ali was fighting in the mid to latethe debt, but nonetheless, he had to do what he had to
70's. Any autograph from 'The Greatest' would bein order to pay the debt. Reportedly, these items were
considered gold to any boxing fan. There are alsonot officially autographed boxing memorabilia.
some other great fighters that have an abundance ofHowever, they were his personal items like a 1957
autographed boxing memorabilia in the marketplace.Chevy, three boats, a three wheeled motorcycle, and
Sugar Ray Leonard is a fighter that comes to mind.general boxing memorabilia. Again, it wasn't stated
Mike Tyson autographed items are very valuable. Ifwhether the memorabilia was actually autographed
you are lucky enough to have anything signed fromboxing memorabilia -but one would have to assume it
greats like Sugar Ray Robinson, Jake LaMotta, Joewould be autographed in order to get more value. The
Louis, Larry Holmes, Aaron Pryor, Alexis Arguello, andIRS was on hand to collect its money. It was not
Marvin Hagler, you are definitely a happy fan.determined how much money was raised. The
Autographed boxing memorabilia is like gold to a trueoutpouring of support for Hearns' ordeal was
boxing fan.admirable - or was it.
This brings me to my point. I read on internetI think many people wanted to help Thomas Hearns,
yesterday that the great Thomas Hearns hasbut at the end of the day, people wanted to get their
unloaded some of his personal boxing possessions athands on some of that autographed sports
an auction in his hometown of Detroit. Hearns, an eightmemorabilia and Hearns' personal items. This is the
time world champion (61-5-1), didn't duck the challengenature of the business. Let's hope Thomas Hearns
of paying a debt. The Associated Press reported thatovercomes his financial trouble and can hopefully keep
51 year old Thomas 'Hit Man' Hearns held the auctionthe remainder of his prized personal possessions - if
to help pay off a $448,000 debt to the Internalthere are any left.
Revenue Service. Hearns said it 'went well' and people