1952 Rosen Mantle SGC 9.5 Final Price – Too high, too low, just right?

[raulus]

Originally Posted by Shoeless Moe

Just curious....how much in taxes does the consignor have to pay?

assuming the sale goes through.

Will depend a bit on selling costs that go to the auction house. Just for fun, let’s assume the seller nets $10,050,000 after they pay the action house their cut.

So the gain would be $10M.

Federal income taxes on collectible gains are 28%. Plus I think you get to pay a bonus 3.8% for Obamacare taxes on investment income.

Plus you get to pay whatever your state rate is. I thought I read somewhere that the seller is in NY. Plus you get to pay NYC taxes if they are in the city. Just for fun, let’s call state plus city 15%. I might be off a bit, but that’s probably pretty close.

So if we round it off, that puts the seller at a total tax rate of about 45%, which comes to roughly $4.5M if the gain is $10M.

Naturally, you can take a bit off if the seller isn’t really in NY and NYC.