MyNameIsLegion

It's the only Gil Kane cover where you can't see up anyone's nose. That's why it's so jarring. It's not even typical Kane. It looks like someone blew up a panel from a random comic and made a cover of it. Then there's the 3 inkers on the interior, one being Chic Stone who should never ink BWS, and one page penciled by Sal and it looks like High School leftovers for Friday lunch.

oh without a doubt, Bob would be apoplectic, but that's pop culture. The best of the best will retains some nominal value for it's historical significance, but everything else will whither. The same will happen to a good portion of the GA comics, the non-hero, non-adventure, non-horror. Think of all the funny animal that are not in Disney or TW portfolio. Andy Panda? Oswald the Rabbit? All the photo covers of 50's TV, Westerns, Classics Illustrated, 4-color, Dells? Dead money in 10 years if not sooner. Older Boomers have no one to pass that junk on to. The can just watch MeTV and clear out some space in their house.

virtually no one living has any genuine childhood nostalgia for anything Platinum. It would not surprise me if Overstreet drops the Platinum section of the guide entirely before the decade is out.

can anyone confirm a 3-pack from1977 for Marvel Premiere #37, Thor #261, and Avengers #156? I got these 3 for Xmas in 1977. I can't rightly remember if it was in a 3-pack but seems likely. I'd love to get one if there is.

now with red hair- might work!

wow. My copies aren't above VF. I'll have to be be content with this I guess....

But if you inherit that Action 1, you get a step up in basis, and when YOU sell it, you can declare it's sale price against current market value, not 10 cents. HUGE difference.

Peed-i-greed...

@1Cool & @fastballspecial didn't we just spend the last page discussing that you only deduct inventory as an expense when the item sold? How does remaining inventory factor into the equation? Deducting the expenses of the other comics you bought with the money from sales that didn't sell to offset profits is not correct. You don't realize the gains, or declare the loss until that item sells. So if you sell $10k, Profit $5K, spend 3K of that profit on more books, your profit is still 5K and that's what you are to be taxed on. Next year if you sell that $3K worth at a loss of $1K, and sell an additional $8K at a profit of $4K, you can deduct that $1K loss, for a next profit of $3K. that seems like pretty simple math to me but the tracking of what rate it's taxed at if the asset was held less than a year seems like a giant PIA. Is that the part you are referring to in factoring in the equation? You may be doing it all right, but many people are using the straight up purchase of books for their collections as "expenses" to basically fund their hobby as a zero profit pursuit.

and isn't there something about unsold inventory older than a year being taxed, or recorded or something?

yup, although the paranoiac in me can't help but think the IRS will be very keen to see the sudden drop in year over year processed payments all of a sudden should they ask for that info from paypal and the like.

Marvel Feature vol 2 Kull Monsters Unleashed Son of Satan

This thread would be interesting with a more realistic bar . $1000 in 8.0 is so high it would be easier to name the one's that are over not under. But since Kav started this thread, I see no reason not to hi-jack it. Title's under $500 in 8.0 Captain Savage Ka-zar (any of them) Marvel Presents Man Thing Monster of Frankenstein

this is the last year. (for those state that don't already have a lower threshold) Next year it's $600 total through one payment system, Transaction count is irrelevant.. So in 2023, when doing your 2022 taxes, anyone using Ebay, Paypal, Etsy, etc is going to be in a for rude surprise. So, in your case, your Ebay sales for one single item, if this was 2022 would trigger a 1099 the following year.

I mostly agree with this assessment - but not having the immediate feedback that you've been outbid on Clink and the difficultly to up your bid really dissuades anyone getting in a bidding war, which is bad for the consignor. I'd never sell anything over a grand there, and maybe not even then. Their technology just sucks. Comic Connect's website is just weird. HA had weak offerings this week, maybe by design knowing the other 2 would peeing in the same bidding pool. It's not as much fun to watch as the time ticks down, and juggling multiple tabs or windows is tedious. I bid on one thing, thought I won, only to realize I"d been outbid and had to refresh. I was annoyed enough that I just bowed out of bidding on the other 8 lots I was tracking. I'd also be annoyed if my consignment was in the second session. I just skip all that junk categorically. But Clink's website is approaching Spencer Beck The Artist's Choice level of datedness.

LOL, Cathy and Garfield came out the same year. I'm Gen X. I grew up on Blondie, Hagar, Beatle Bailey, Henry, Snuffy Smith, Hi and Lois, Broom-Hilda, Bringing up Father. . Bloom Country is what made the comics section worth reading.

Ok Boomer.... The best part of the Garfield portion of the Saturday HA was it gave me and another boardie I was chatting with during bidding to take a break, use the restroom, get a drink, read the mail, feed the cat, unload the dishwasher, any number of mundane choirs more scintillating that watching the Garfield Comic Strip Assembly Line being dismantled and sold off for parts.

More than 10% of the Saturday auction is freaking Garfield...

that's Colan Tales to astonish page seemed low relative to most 2x SA Marvel art. and WTF happened with that Richard Bennet X-Men page? $5K? The second page went for half that. during the auction it was auto bidding at an almost too mechanical an interval and the auction paused and resumed at one point like there was an error. the auctioneer even said there was a problem. Someone got hosed on that.

"hand rub"

Fig Newtons, gotta watch out for those....

the very reason this thread exists is because a capital gains rule that was stated to tax the most wealth (let me sell my Monet for Money) has now filtered down to the the average Joe with real world consequences and paperwork headaches for inconsequential tax revenue. Wall Streets rules foisted upon Main Street people. Most people don't participate in the 15% Capital gains side of the economy. They don't have individual stocks, they buy, make and sell stuff to other people that use that cash to buy make and sell stuff. Most people live in the Main Street economy and their economic activity contributes to the tangible velocity of money. You sell 5k of CGC comics, you put a downpayment on a a car or hire a contractor to redo the kitchen. Salesmen, Loan Officers, contractors, suppliers of raw materials make money whereas I get on my Schwab app and sell 50 shares of BofA stock, that doesn't do squat for the world.