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21

Yang's WSOP Watch For Sale on Ebay

Tags: 2007 WSOP Main Event, ebay, IRS, jerry yang, tax debt.
Posted on 21 July 2014 by "T".

In March last year we reported that the Internal Revenue Service (IRS) had seized property of the 2007 WSOP Main Event champion Jerry Yang to secure the payment of taxes, including a federal tax lien for $571,894.54, he had failed to pay. Yang's gold bracelet amongst other items were then auctioned off on April 4, 2013 at Revenue Service, Watt Avenue, Sacramento, California.

Now it seems like his Corum watch, which he and the other eight 2007 WSOP Main Event finalists received, is up for sale on eBay. The current bid is $1,500, but the selling prize will probably be much more than that as the bidding ends in 3 days.

This is the watch won by Jerry Yang at the 2007 World Series of Poker. It was made by Corum specifically for the 2007 WSOP Main Event. On the clasp is engraved the words "2007 WSOP Main Event Final Table". The watch is in excellent condition, the glass of the watch face is flawless and there are only a couple of minor scratches on the case, nearly invisible without a magnifying glass.

I purchased this watch at an IRS seizure auction last year in Sacramento, CA and have the paperwork that shows it was seized from Jerry Yang for non payment of taxes and sold to me. Pictures of the paperwork are attached. The watch retails by Corum for more than $9000 and that is without the provenance of having been won during the World Series of Poker Main Event.

Other than winning a WSOP Main Event bracelet yourself, this watch, won by the World Champion in 2007 is the best trophy for any poker fan to own!

source: highstakesdb


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9 comments for "Yang''s WSOP Watch For Sale on Ebay"

 klash2321/07/2014 14:56:58 GMT
Looks like Jerry Yang has found out that he may have won the WSOP main event but the one person you can't beat is good old Uncle Sam.
Since his 2007 win of $8million he has had a couple of decent cashes,best was a $75,000 heads up championship win and I see he had a 40th place for $11,000 at this years WSOP,so obviously still playing.
 Heskor21/07/2014 17:25:46 GMT
Haha love the thing you said about Uncle Sam and you right this is the only people you cannot fraud and sad Jerry Yang did not pay his tax he should have enough money to pay lots of tax with the winnings he have and should have paid and all this would be over and he could be enjoying his winnings rather than have problems with the tax police and so on. Anyway hope he pays up and we hears him for his exploit rather than missing tax payment!
 mirexxx21/07/2014 17:45:17 GMT
http://www.ebay.com/itm/Corum-Admirals-Cup-watch-won-in...

now 1500 $
 doubletop77722/07/2014 08:38:50 GMT
How these people get through all that money i will never know. If i had won that amount i would be set for life and would never be able to spend it. Baffles me every time when i read these stories
 pokershark7422/07/2014 08:56:12 GMT
Just goes to show that bankroll management is a must Tongue I personally wouldn't buy the watch because id feel like its cheating, sorta like i would want to earn it right? im sure im not alone on that. Its like when some low life loser broke into Duhamel's house in Quebec and stole his bracelet! The only way to get the gold is to win the prize boys and girls Smile
 Macubaas22/07/2014 11:50:34 GMT
They have a very, very odd tax implementation in US, i mean if th wsop is organized there why they don't take the taxes before they hand over the prize money.

I mean is much more easier to collect money right from the source than trying to collect them after that...
 Willid8822/07/2014 15:57:13 GMT
The watch or the trophy I understand but not people who sell their WSOP bracelets. Even if you have 20 and you're very rich you can't sell them as they are priceless and indeed that's my point of view about those bracelets, we do have arrogant people in this world...
 Fakiry22/07/2014 17:06:12 GMT
This doesn't seem like an auction for me, as i am used to buy bargains, not expensive stuff. But i agree with giving this news as important, because collectors will have their eyes fixed on this. By the way, if anyone here is interested in Portuguese coins from the Republic... Big Smile
 Mipetin29/07/2014 02:12:14 GMT
I usually spend all my money when i get some. But i can't imagine what i would do if i had millions and millions of dollars. I would be lost Smile I wanna be millionaire someday just to see what it's like.

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