Birmingham-Southern College takes the field today in the Division III College World Series. Today is also the last day Birmingham-Southern College exists. The Panthers’ season will extend beyond the life of the permanently closed school it represents, thanks in part to $105k+ in GoFundMe donations.
In today’s email:
Napkins: One sold for $965k. Could it ever happen again?
Weird week: The first millennial saint, a rude awakening, and more.
Around the web: The latest AI news, a dog imposter, bird radio, and more.
👇 Listen: What’s so special about Lionel Messi’s napkin contract?
The Big Idea
Is there a $965k napkin sitting in your drawer? Don’t bet on it
A soccer relic commanded a pretty penny, uncommon for a historically significant napkin.
2024-05-31T00:00:00Z
Ben Berkley
Earlier this month, a real human person paid $965k in real human money to buy a single napkin.
Granted, that napkin contained sports history — it outlines a 2000 deal in which FC Barcelona promised to sign a 13-year-old Lionel Messi — but still, a napkin. The thing Sam’s Club sells 1.2k at a time for just $12.
This was the “world’s most famous napkin,” though
Messi’s contract has been called that, but is it really?
There are an absurd number of napkins out there — table napkins are the fastest-growing segment of the $42B+ global household paper market, after all — and a few of them may be more consequential:
The Laffer curve, a precursor to trickle-down economics, was devised on a napkin.
Southwest Airlines’ founding story centers around a (perhaps embellished) napkin-drawn pitch.
A napkin deal altered the history of Chippendales, and ultimately led to a TV-depicted murder-for-hire scheme.
One famed business lunch yielded early napkin sketches of Pixar’s A Bug’s Life, Monsters, Inc., Finding Nemo, and WALL-E.
Still, the Messi napkin will likely remain the most valuable: “The value placed on items associated with revered athletes and significant sporting moments often defies expectations,” perArtnet.
So this is an anomaly?
In all likelihood, yes — there is money in historical napkins, just not near-$1m money.
A (painfully) deep dive into challengers for the top-dollar napkin throne yielded interesting candidates, but none that could unseat Messi:
Lipstick-imprinted linens are mercurial: Margaret Thatcher’s lips drew $3k bids and Gloria Estefan’s will run you $6.5k, while a Marilyn Monroe hanky fetched $325k.
Same for celeb-autographed napkins: Elton John and Elvis Presley’s command ~$8.5k each, while an OJ Simpson one surprisingly only raked in $86. Fans of advice columnist Ann Landers need just $10.
Curated collections can top six figures: Sotheby’s napkin-related sales since 2020 top $117k, and an 80k-napkin hoard was valued at $380k+.
They’re less financially wowing, but sentimental favorites include a $600 centipede doodle by Luciano Pavarotti and a dirty $650 napkin maybe used by Julia Child, but nobody’s sure.
This being the internet, there are also trolls, even in the novelty napkin auction niche. Currently up for sale: a “napkin used by famous person” (no indication who) for $24k, an “old Taco Bell napkin” for $7.9k, and a “napkin used by Jesus Christ” for $12k. Happy shopping.
Toolbox
Prediction: You’re going to absorb our media network’s various tips and tricks below, then you’re going to come back to work next week so powerful that your CEO will beg you to take their job.
📚 Read: Can ChatGPT offer valuable creative feedback? The way it handled this short story suggests, yeah, it actually can.
🎧 Listen: Learn how to run profitable events from The Murder Mystery Co., which landed a $350k deal on “Shark Tank”for its true-crime immersive experiences.
📺 Watch: VC and AI developer Yohei Nakajima’s advice for small and medium businesses getting started with AI.
TRENDING
Walmart Realm has launched: The retailer’s virtual shopping experience is a gamified platform with “influencer-led virtual shops in immersive worlds.” If that last sentence didn’t make you physically ill, this should do the trick: the three browseable digital environments are called Y’allternative, Go Chromatic, and So Jelly.
SNIPPETS
Dollars and cents: Dollar Tree acquired leasing rights for 170 shuttered 99 Cents Only locations in Texas, Arizona, Nevada, and California during bankruptcy proceedings and will reopen the stores under its brand.
Amazon is expanding its Prime Air service after securing FAA approval to fly its delivery drones farther. Amazon’s obstacle-avoidance tech was cleared, meaning its drones can fly beyond the operators’ line of sight.
Taco Bell is bringing giant Cheez-Its to the masses. After testing two menu items made with a Cheez-It 16x the normal size in Irvine, California, the chain is taking the collaboration nationwide.
Netflix is perhaps hoping to cash in on the success of “Fallout” and “The Last of Us” with a “Minecraft” TV show. The animated series will feature new stories and characters, but little else is known.
Speaking of “Fallout”: Not only is it Amazon’s second most-watched show, its immense popularity has led to a 600%+ increase in players across the video game franchise’s titles.
Slice is back? Sort of. Suja Life acquired the soda that PepsiCo launched in 1984 and will revamp it for the growing functional beverage market as a prebiotic drink.
A restructured WeWork will exit bankruptcy billions of dollars lighter. Its debt-shedding plan will land the company’s worth between $665m and $865m, a long way from its peak $47B valuation.
Decent consolation prize: After spending $25m on a losing campaign for control of Disney’s board, activist investor Nelson Peltz sold his entire stake in the House of Mouse. He’ll walk away with ~$1B.
Direct File, the IRS’s free tax filing program, will roll out to the entire US next year. This spring’s test run saved 140k+ users an estimated $5.6m in tax prep fees. TurboTax, for its part, said it’s “not interested in those customers” anyway.
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Everyone claims to have an AI-powered solution, but are they just latching on to the latest marketing buzzword? Here’s how to spot the telltale signs of “AI washing.”
That was odd
Weird Week: A beatified blogger, poop balloons, and rude Americans
The short week had no shortage of strange headlines.
2024-05-31T00:00:00Z
Ben Berkley
A millennial blogger dubbed “God’s influencer” is slated to become the Catholic Church’s next saint. Pope Francis cleared the path for Carlo Acutis, who died in 2006 at age 15, to become a saint after attributing a second miracle (the minimum for sainthood eligibility) to the 21st-century evangelizer. If canonized, Acutis, who earned the nickname “God’s influencer” through his efforts to spread biblical teachings online by building websites for parishes and documenting Eucharistic miracles, would become the first millennial saint. He also apparently loved video games and Nutella.
North Korea sent hundreds of poop- and trash-filled balloons to South Korea, turning dirty politics disgusting. According to the North Korean government, the campaign is in response to similar activities from South Korean activists, who’ve previously floated balloons filled with propaganda pamphlets, medicine, money, and USB drives containing foreign media to their northern neighbors. South Korean authorities have called the act a violation of international law and a safety concern for its citizens; meanwhile, North Korean officials are calling it “freedom of expression.” (We call it petty.)
Asking nicely? Nope, not in America. In a new study on American etiquette, UCLA researchers found that the word “please” is hardly a part of Americans’ vocabularies anymore. Out of 1k “request attempts,” adults used the phrase just 7% of the time; among children, it was used in 10% of requests. (Fitting: According to a 2023 report, just 52% of US adults consider politeness an important quality for kids to have.) And when “please” is used, it’s typically to stave off resistance from the requestee. Turning down a polite request? Now that would be rude.
Fit The Bill
There are thousands of companies valued at $1B+. How many clues do you need to identify today’s billion-dollar brand?
Clue 1: Next time you’re booking an American Airlines flight and click the box to turn down travel insurance, it’s this company’s heart you’re breaking.
Clue 2: This was the insurance company behind aviation’s finest moment (the Wright Brothers’ first flight) — and also one of its worst (the Hindenburg disaster).
Clue 3: Wherever a house crumbles, the reverberations are probably felt in Munich, the HQ for this world’s largest property insurance company.
👇 Scroll to the bottom for the answer 👇
AROUND THE WEB
🎵 On this day: In 1977, the BBC banned the Sex Pistols’ “God Save the Queen” from the radio, which only led to the punk single selling 150k copies per day from late May through early June.