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RED AUERBACH signed Boston Celtics stock certificate

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Item number:330119608289
Item location:Richmond, United States
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Last updated on 06:55:43 PM PDT, May 07, 2008 View all revisions
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Boston Celtics 
Stock Certificate
signed by RED AUERBACH


This is an authentic stock certificate from the
Boston Celtics Limited Partnership, hand signed across the face by the famed Red Auerbach.

 The certificate is crisp and uncancelled, dated Apr 16, 1997.  Wonderful vignette of Celtics logo and two basketball players.  

Biography:
Arnold Jacob "Red" Auerbach (September 20, 1917 – October 28, 2006) was an American coach and executive for the Boston Celtics in the National Basketball Association. As coach of the team from 1950 to 1966, he won nine NBA titles including eight consecutively from 1959 to 1966 – the longest string of championships in the history of North American professional sports. After retiring from coaching, he continued to serve as the general manager or president of the Celtics from 1966 until 1997, and again as president from 2001 until his death. In 1980 he was named the greatest coach in the history of the NBA by the Professional Basketball Writers Association of America.

Born and raised in a Jewish family in Brooklyn, New York, Auerbach was the son of Hyman and Marie A. (Thompson). He would receive the nickname "Red" from his fiery hair before he went bald, just like fellow Brooklynite and NBA coach Red Holzman. He then attended the Seth Low Junior College for one year before transferring to and graduating from George Washington University. For several years, the GW men's basketball team hosted and participated in the Red Auerbach Colonial Classic, going undefeated and winning the championship each year that it was held.  Auerbach was married to Dorothy Lewis (deceased 2000) on June 6, 1941 and had two children: Nancy and Randy.

Auerbach coached the now-defunct Washington Capitols to two division titles in 1947 and 1949. The 1947 team's .817 winning percentage remained the NBA record for the next 20 years. The 1947 team also won 17 straight games at one point during the season — a streak that would remain a league record until 1969. In the 1949-50 season, he coached the Tri-Cities Blackhawks, where at 28-29 he had his only losing season as a coach.

For a brief period (1949-1950), prior to returning to the NBA, Auerbach was an assistant coach at Duke University. He was hired to replace the aging head coach of the men's basketball team, Gerry Gerard, who had been diagnosed with cancer. However, Auerbach only stayed at Duke for three months because he did not want to get the job due to the passing of Gerard, a close friend.   Auerbach then began coaching the Boston Celtics the next season, where he achieved unparalleled success as a professional basketball coach. During his twenty years as a coach Auerbach won 938 regular season games, a record that stood until Lenny Wilkens broke it in the 1994-95 season. Auerbach is tied with Phil Jackson for the most NBA championship rings as a coach with nine.

As a coach, Auerbach was a pioneer in race relations. In his first season coaching the Celtics in 1950, he chose Chuck Cooper of Duquesne University as the first black player selected in an NBA Draft. During the 1963-64 season, Auerbach's starting lineup of Bill Russell, K. C. Jones, Sam Jones, Tom Sanders and Willie Naulls, made the Celtics the first team with five black starters. When Auerbach named Russell as his coaching successor in 1966, it was the first hiring of a black coach by a major American pro sports team. He also "did the unthinkable when he drafted Larry Bird as a "junior eligible", but then had to wait a year while Bird finished his studies at Indiana State University.

Although Auerbach stepped back from coaching in 1966, he continued on as the Celtics' general manager until 1984, and served as the teams' president from 1970 to 1997 and from 2001 to his death in 2006. He was elected to the Basketball Hall of Fame in 1969.

Auerbach also won the NBA Executive of the Year Award with the Celtics in the 1979-1980 season. He remained to his death the best-known NBA executive and was named the greatest coach in the history of the NBA by the Professional Basketball Writers Association of America in 1980.

Before his death, Red Auerbach was still working with youngsters, coaching at the Red Auerbach Basketball School. He was also the chairman of the Red Auerbach Youth Foundation. He was inducted into the International Jewish Sports Hall of Fame in 1979, and the National Jewish Sports Hall of Fame in 1996.

This is a real find! Only one available.  Perfect for framing! 

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Shipping costs are less than actual cost to us, the seller.  We ship by USPS Priority Mail for fast delivery times.  We use a custom-sized photo mailer with a custom, non-acid slip sleeve for protected shipping.  We allow for combined shipping to save the buyer money for multiple auction wins.  Please wait until all auctions are complete before sending payment. I will not know if you are continuing to bid so I ship when paid.  (If you pay early I will ship and cannot combine shipping on later auctions.)  Please include item numbers with payment for quick, positive feedback and accurate shipping.  Please send only one payment to avoid confusion.   

Shipping is not negotiable.  Do not ask to ship by other methods.  We do not deliver; we do not allow for pick-up; we do not ship overnight.  We only ship Priority Mail in the US due to better handling and delivery times. Again, our shipping fees are less than our actual costs (We can forward you the breakdown of costs in a templated response e-mail.)   Read the auction for the shipping fees before bidding.

Satisfaction is guaranteed for any reason within 30 daysAuthenticity is guaranteed for life.  Refunds will be sent upon return of any unsatisfactory auction item.  If you do not return the item, I assume that you decided to keep it.  Please contact us directly for questions not explained here.  

All certificates are only sold as collectibles.  No investment value is implied, transferred, or considered.  No transfer of securities is performed. Certificates are cancelled or obsolete.  (Now really, would I sell a $10,000 investment instrument for $10?We follow all  rules on selling stock and bond certificates. We also comply with SEC regulations governing certificate sales and licensing requirements (we are not authorized to sell investments or securities under these rules.)

Do not ask us to sell this at a reduced cost  --  use the bidding process.  The minimum price is stated in the auction; the shipping fee is also in the auction.  We believe that we offer very reasonable prices based on both cost and demand.  Please read the shipping costs before bidding.

Are these real?  -  YES!  We only sell authentic stocks and bonds that have been used in actual commerce or from company archives.  They have been cancelled and no longer have investment value but are still the real deal.  We do not sell copies.  Active companies (still trading) are also only sold as collectibles.  These have more recent dates due to the methods by which they were obtained.

Where's the value in these?  -  Since these pieces no longer have investment value, aren't they worthless?  Literally, they are only worth the paper that they are printed on.  The same can be said for baseball cards and stamps but it is really the collectible value that makes these worthless securities desirable.  These are sold as collectibles or novelties only.



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