Mile High Auction

[Yoda]

While most prices at last night's MH auction seemed in line with current pricing, one item drew my interest, a T206 Vic Willis portrait with a Piedmont or SC back which fetched nearly $33,000.....way off the charts.
The only reason I can think of is 2 prosperous collectors had to have it and went toe to toe in their pursuit.

[Snapolit1]

How come that never seems to happen for my auction consignments? Sigh.

[molenick]

Originally Posted by Yoda

While most prices at last night's MH auction seemed in line with current pricing, one item drew my interest, a T206 Vic Willis portrait with a Piedmont or SC back which fetched nearly $33,000.....way off the charts.
The only reason I can think of is 2 prosperous collectors had to have it and went toe to toe in their pursuit.

That price seemed amazingly high and made me check the auction. It was nearly $3,300 not nearly $33,000.

[butchie_t]

Originally Posted by Snapolit1

How come that never seems to happen for my auction consignments? Sigh.

Preach it brother!!!

B.T.

[jsfriedm]

I read it as a little under $3,300: http://milehighcardco.com/1909_11_T2...-LOT85890.aspx

Are you talking about a different card?

[Rhotchkiss]

The OP added a zero, but $3300 for an SGC 5 Vic Willis portrait is silly, in my opinion.

[darwinbulldog]

Originally Posted by Rhotchkiss

The OP added a zero, but $3300 for an SGC 5 Vic Willis portrait is silly, in my opinion.

I guess I haven't been following them. I wouldn't have expected it to break $1,000.

[bobbyw8469]

I have stopped getting catalogs from them. Honestly, I forgot they were still around.

[brianp-beme]

At 33,000, that Willis would be over 6 miles in the air. As it stands, 3300 doesn't even make the Mile High club, just overpriced.

Brian

[mrreality68]

Originally Posted by brianp-beme

At 33,000, that Willis would be over 6 miles in the air. As it stands, 3300 doesn't even make the Mile High club, just overpriced.

Brian

agreed nice card but over priced. What typically happens(not for my cards I auction) is 2 people get into the heat of the moment bidding war

[bobbyw8469]

I just found out that Hunt Auctions is now charging sales tax on baseball cards. Now how does THAT work??? Wasn't the sales tax collected at the time of original purchase?? Does that mean that used product will ALWAYS have a tax every time you sell it?

[Johnny630]

Originally Posted by bobbyw8469

I just found out that Hunt Auctions is now charging sales tax on baseball cards. Now how does THAT work??? Wasn't the sales tax collected at the time of original purchase?? Does that mean that used product will ALWAYS have a tax every time you sell it?

Yes always have to pay tax every time sold.

[BobC]

Originally Posted by bobbyw8469

I just found out that Hunt Auctions is now charging sales tax on baseball cards. Now how does THAT work??? Wasn't the sales tax collected at the time of original purchase?? Does that mean that used product will ALWAYS have a tax every time you sell it?

Hunt is not just charging sales tax on baseball cards, it is charging it on everything, depending on what state the seller they are shipping items to lives in. It is an indirect result of the 2018 SCOTUS case, South Dakota vs. Wayfair, where states have now been able to set specific standards for when online sellers are now obligated to collect and remit sales tax on items sold in states they otherwise have no physical presence in.

And unfortunately, yes, sales tax is also collectible on used items that are sold, even if again and again and again, as nauseum. Sales taxes are mostly collected on retail sales of tangible personal property. Auctions are just another form of retail sales. Nowhere do any sales tax laws I've ever seen give an exemption from sales tax just because the item being sold has been used. Sorry.

If you happen to be a retail dealer/seller of such items yourself, in a bona fide business, you can apply for a retail sales tax exemption and supply a copy of that form to Hunt, or any other auction house you might be looking to purchase items from (and that includes Ebay), and they will not charge you sales tax on any of your purchases because you are only buying them to resell them. Sales tax is only to be collected on the sales to the ultimate user of an item, not on someone buying merely to resell, or incorporate the item being purchased into something else to eventually be sold to an actual final user/consumer.

[chriskim]

Originally Posted by Yoda

While most prices at last night's MH auction seemed in line with current pricing, one item drew my interest, a T206 Vic Willis portrait with a Piedmont or SC back which fetched nearly $33,000.....way off the charts.
The only reason I can think of is 2 prosperous collectors had to have it and went toe to toe in their pursuit.

Good job getting our attention with that extra 0.

[chriskim]

FYI, I think it is the variation of an extra grey button.

[Yoda]

Just a typo on my part. I just felt $3,300 was a bundle for this card and thought others might be interested. Thanks, Chris.

[Pat R]

Originally Posted by chriskim

FYI, I think it is the variation of an extra grey button.

It is a recurring print flaw found mostly on Sovereign 350's but also found on a couple of Piedmont 350's and Sweet Caporal 350/30's but I don't think that's the reason for the $3300 price tag.

[jamest206]

I did notice that. Nothing on that auction caught my eye-except the bidding on that card. I just snagged a Demmitt St Louis for about that price-and it should grade nicely between 2.5 and 3.5.

Originally Posted by Pat R

It is a recurring print flaw found mostly on Sovereign 350's but also found on a couple of Piedmont 350's and Sweet Caporal 350/30's but I don't think that's the reason for the $3300 price tag.