The trend in Wagner cards

[Peter_Spaeth]

Originally Posted by Cooper1927

Seems the market keeps booming in Wagner’s - especially portraits. Any additional insights?


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My insight is that I would probably sell mine now if it weren't for taxes.

[sb1]

Originally Posted by Peter_Spaeth

My insight is that I would probably sell mine now if it weren't for taxes.

Very true, the cost of exiting in the collectible category is a big hit to the pocket.

[Lorewalker]

Originally Posted by sb1

Very true, the cost of exiting in the collectible category is a big hit to the pocket.

To me it beats taking a loss on an item. Gladly...well maybe not gladly but willing to pay taxes on a gain over taking less than I paid. Even after taxes, we still get to keep a majority of the gain.

Signed,
Goodie goodie

[Peter_Spaeth]

To be more accurate, what I meant to say was that after taking taxes into account, the profit is not large enough to entice me to sell. As Lorewalker says, it wouldn't really be a hit to the pocket, it would still be a nice gain.

[Gorditadogg]

Originally Posted by Peter_Spaeth

To be more accurate, what I meant to say was that after taking taxes into account, the profit is not large enough to entice me to sell. As Lorewalker says, it wouldn't really be a hit to the pocket, it would still be a nice gain.

I know what you mean. That's what my dad told me when I asked if he was going to sell Tesla when it was at 1200.

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[bandrus1]

Originally Posted by Peter_Spaeth

My insight is that I would probably sell mine now if it weren't for taxes.

you dont have to be a goodie goodie... you can get cash for that at the national

[Exhibitman]

The effort to purchase a Wagner nowadays is Wagnerian.

[Exhibitman]

Originally Posted by bandrus1

you dont have to be a goodie goodie... you can get cash for that at the national

And then you have to transport and launder the cash. If you just deposit it into your account, there will be a report generated and the authorities may want to have a word, and you better have reported the income when they come knocking. "Any time you try a decent crime, you got fifty ways you're gonna f**k up. If you think of twenty-five of them, then you're a genius - and you ain't no genius." Body Heat, 1981. The algebra of deterrence at work here. Avoiding a bit of capital gains tax is not worth risking a professional license (Peter is a lawyer) and possibly one's liberty. It also isn't being a goodie-goodie. It is being a good citizen. "Taxes are the price we pay for a civilized society"--Oliver Wendell Holmes, Compania General De Tabacos De Filipinas v. Collector of Internal Revenue, 275 U.S. 87, 100, dissenting opinion, November 21, 1927.

[raulus]

Originally Posted by Exhibitman

And then you have to transport and launder the cash. If you just deposit it into your account, there will be a report generated and the authorities may want to have a word, and you better have reported the income when they come knocking. "Any time you try a decent crime, you got fifty ways you're gonna f**k up. If you think of twenty-five of them, then you're a genius - and you ain't no genius." Body Heat, 1981. The algebra of deterrence at work here. Avoiding a bit of capital gains tax is not worth risking a professional license (Peter is a lawyer) and possibly one's liberty. It also isn't being a goodie-goodie. It is being a good citizen. "Taxes are the price we pay for a civilized society"--Oliver Wendell Holmes, Compania General De Tabacos De Filipinas v. Collector of Internal Revenue, 275 U.S. 87, 100, dissenting opinion, November 21, 1927.

Bonus pro tip:

If you're going to do something illegal, then best practices are not to post about it in a public online forum.

[Peter_Spaeth]

Originally Posted by raulus

Bonus pro tip:

If you're going to do something illegal, then best practices are not to post about it in a public online forum.

Evading state taxes seems to be a favorite bragging point here though.

[Leon]

+1. Probably not the best covert operation.

As for the subject, I can't afford Wags any longer. I need to stick with Marquard or Rick Ferrell or someone...

Originally Posted by raulus

Bonus pro tip:

If you're going to do something illegal, then best practices are not to post about it in a public online forum.

[Exhibitman]

Originally Posted by Leon

+1. Probably not the best covert operation.

As for the subject, I can't afford Wags any longer. I need to stick with Marquard or Rick Ferrell or someone...

My budget is more Highpockets Kelly or maybe Harold Baines.

[Republicaninmass]

Collecting

Deep Pockets Kelly, with Short Arms McGee