Goldin Increasing Buyer's Premium

[raulus]

Originally Posted by Peter_Spaeth

What an outrage having to pay taxes.

HA.

I don't doubt that's part of it. Another part could just be the administrative side. I suspect most of us struggle to keep good records about every piece we have, and then report each of those individual sales and our gain/loss. Even if you only sell 1 piece each week, that's 52 sales to be tracking and reporting on your tax return. In some cases, your income might be little or nothing, so no real tax to be paid - just administrative stuff to navigate.

I'm guessing the average American feels like that entire exercise is one gigantic hassle that they'd prefer to avoid if they can. Plus not wanting to endure the administrative hassle it's a great excuse to feel better about yourself if it also happens to result in you paying less tax.

[D. Bergin]

I believe Goldin issues a 1099 form, so no getting around that with them.

[Leon]

Originally Posted by D. Bergin

I believe Goldin issues a 1099 form, so no getting around that with them.

They don't send 1099s, as of now, but anything can change in the future.
.

[Rich Klein]

FYI: Mr. Goldin monitors this board very actively so rest assured he is digesting what is being posted

Rich

[D. Bergin]

Originally Posted by Leon

They don't send 1099s, as of now, but anything can change in the future.
.

I assumed they did, because when I sold a few things through there from the vault, they deducted a big percentage of it for "withholding", until I provided my tax information to them.

[Mrc32]

I enjoyed Goldin's auctions in the past. I've won many times at reasonable price and I've had customer support issues that were dealt with quickly and professionally.

That said their auctions have gone way down hill as of late. I don't even look at the weekly auctions anymore because it is filled with 2000's base cards graded PSA 7. Also its not very easy to sort out 4000 listings a week.

I really enjoyed the monthly auctions from Goldin - much more so than these weekly things - which i think are born from the deal with PSA where you can send your cards to grade and then send them directly to goldin to be auctioned.

It has caused a whole lot of riff raff to be listed and lessened the offerings.

[doug.goodman]

The search feature on their site is brutal.

Try searching "m113" and see what you get...

Not sure how "2020 Panini Immaculate Collection Rookie Pigskin Logo #RS22 AJ Dillon Relic Rookie Card (#1/1) - BGS NM-MT+ 8.5" is among the results...

[Peter_Spaeth]

Originally Posted by doug.goodman

The search feature on their site is brutal.

Try searching "m113" and see what you get...

Not sure how "2020 Panini Immaculate Collection Rookie Pigskin Logo #RS22 AJ Dillon Relic Rookie Card (#1/1) - BGS NM-MT+ 8.5" is among the results...

With all the money of Nat and his group behind them, you would think it wouldn't be that hard to fix this?

[Lorewalker]

Originally Posted by doug.goodman

The search feature on their site is brutal.

Try searching "m113" and see what you get...

Not sure how "2020 Panini Immaculate Collection Rookie Pigskin Logo #RS22 AJ Dillon Relic Rookie Card (#1/1) - BGS NM-MT+ 8.5" is among the results...

Exactly one of the issues I had. There is no good way to search in an organized fashion and the when you do specific searches you get back tons of stuff that presumably has nothing to do with the search. Been happening on ebay too the last couple of years.

[Leon]

Originally Posted by D. Bergin

I assumed they did, because when I sold a few things through there from the vault, they deducted a big percentage of it for "withholding", until I provided my tax information to them.

My understanding is the Vault is a different animal than their regular auctions.
.

[jh691626]

My experience with Goldin has been fine.

I just consigned one small item to Goldin ($70 total), and it was a very smooth process.
I have purchased a couple of things from the weekly auctions; S&H is on the higher side but the items come quickly and without issue.

My biggest complaint overall is that when you are looking for specific items to complete a set, there are now SO MANY weekly auctions, monthly auctions, catalog auctions, platinum auctions, golden halo magical auctions, super-amazing auctions, encore-to-the-magical auctions, pink unicorn auctions, etc from each company that it is a full-time job just to search the auctions.

[BobbyStrawberry]

Originally Posted by jh691626

My biggest complaint overall is that when you are looking for specific items to complete a set, there are now SO MANY weekly auctions, monthly auctions, catalog auctions, platinum auctions, golden halo magical auctions, super-amazing auctions, encore-to-the-magical auctions, pink unicorn auctions, etc from each company that it is a full-time job just to search the auctions.

Yes, and it's not just Goldin. I won something from Heritage once and now I get constant emails about their weekly igneous rock auctions and whatever else...

[Peter_Spaeth]

Originally Posted by raulus

HA.

I don't doubt that's part of it. Another part could just be the administrative side. I suspect most of us struggle to keep good records about every piece we have, and then report each of those individual sales and our gain/loss. Even if you only sell 1 piece each week, that's 52 sales to be tracking and reporting on your tax return. In some cases, your income might be little or nothing, so no real tax to be paid - just administrative stuff to navigate.

I'm guessing the average American feels like that entire exercise is one gigantic hassle that they'd prefer to avoid if they can. Plus not wanting to endure the administrative hassle it's a great excuse to feel better about yourself if it also happens to result in you paying less tax.

I suspect most people don't pay taxes unless they know they could get caught by a paper trail.