Heritage Tec 27 cgc 7.0 universal

[nearmint]

No sales tax (and no import duties on comic books) if you live in the UK

 

Well, yeah, but you have to live in the UK.

 

I prefer my neighborhood...

 

 

[VintageComics]

Why not? We're just throwing around words... having fun....eating soggy cheerios.

 

Because each word has a meaning or a purpose and unless you adhere to those meanings and purposes your words are no different than soggy cheerios.

 

 

Unless you are not having to fork it over to get possession of the book, of course the BP is factored into the price.

 

 

[markseifert]

Last Overstreet Guide had a section on the record breaking comics.

 

Each comic sold on Heritage was listed at its bp inclusive price.

 

Yeah. And when you see a record breaking price for a piece of auctioned art in the news, the bp inclusive price is always the headline.

[VintageComics]

I'll take it one step further.

 

If i'm buying a big ticket item, I will also work in the sales tax as part of my "cost" in the book and therefore it's value.

 

Up here in Canada you pay a 13% harmonized sales tax now on almost very new product and service.

 

Try to avoid accounting for that when buying a new home or car.

[mikephoen]

I'll take it one step further.

 

If i'm buying a big ticket item, I will also work in the sales tax as part of my "cost" in the book and therefore it's value.

 

Up here in Canada you pay a 13% harmonized sales tax now on almost very new product and service.

 

Try to avoid accounting for that when buying a new home or car.

 

Unless you make the intelligent choice of living in Alberta. Then you only pay 5%.

 

 

[G.A.tor]

Since I don't count the BP, ....shame is it's not moving... sigh.. Nice book too.

how can you not count BP, it is part of the price paid

 

I agree it's part of the price paid, just not the value of the book per se'. The BP is an added fee, certainly should not be factored otherwise.

 

Also, looking at the book closer, rolled spine top right corner and spine creasing on the left side. 7.0 ?

 

Graciously.

 

I reduce my guesstimate to 600 or less.

so, just need to get this straight...

if the buyer is willing to "value" the book at 600 K (ie 600k is all he can spend), and heritage is offering it, how much will he bid

 

Gator.. you're fun. But, that makes no sense. If the buyer "has" to pay what the book is offered at including the BP, then that is the buying price. BP should not factor into the cost of the book, when intrinsic values are elated. The outside world in my opinion doesn't really think about the BP until it's shown. Should it factor into price guide prices? My Cheerios are soggy now.

this is, of course, totally in good spirited, positive debate, I think you know that...

but my goodness, that is definitely a minority position you are taking, and quite flawed I believe...

the outside world doesn't give a rats behind about BP on comic books, they only care what someone pays for a book, if they care at all... when Heritage reported the sale of the tec 27 cgc 8.0, they didn't report it as 825K (or whatever the bid amount was)... the reported it as 1 million dollars...that is the "intrinsic value"... that is the " realized" price...which is value...

 

no one says, I value this book at 100K, so i am going to pay 119,500...they value the book at what they pay...pure and simple... so all bidders factor in the BP as part of the price/value of the book...

 

and absolutely price guides, gpa, historic sales records, etc, ALL consider the Bp as part of the price paid for the book (value, again)...I don't know of a single example that doesn't?

 

all that happens with heritage, is they want a 19.5% cut of the price...

just accounting procedures at that point

 

it really is not even debatable, in my opinion...but, since we are all entitled to our opinions, I can't say yours is wrong, even if I believe it is

 

 

Yes it is in good spirit. No harm meant. I find you fun to talk to. My only point is, should the BP be factored into price guide prices?

 

I have to work for now but I am excited about the auction and wish all the best on the book. Looks nice, not quite the 8.0 though... and yes it is debatable. Why not? We're just throwing around words... having fun....eating soggy cheerios.

it is factored into price guide prices.... in every price I submit to Bob, I include the actual price paid, inclusive of any all BP

GPA is the most up to date price "guide" there is, and it factors in final paid price (hammer + BP with Heritage, and hammer on all others), etc, etc (thumbs u

[VintageComics]

I'll take it one step further.

 

If i'm buying a big ticket item, I will also work in the sales tax as part of my "cost" in the book and therefore it's value.

 

Up here in Canada you pay a 13% harmonized sales tax now on almost very new product and service.

 

Try to avoid accounting for that when buying a new home or car.

 

Unless you make the intelligent choice of living in Alberta. Then you only pay 5%.

 

 

DAMN YOU!!

[kimik]

I'll take it one step further.

 

If i'm buying a big ticket item, I will also work in the sales tax as part of my "cost" in the book and therefore it's value.

 

Up here in Canada you pay a 13% harmonized sales tax now on almost very new product and service.

 

Try to avoid accounting for that when buying a new home or car.

 

Unless you make the intelligent choice of living in Alberta. Then you only pay 5%.

 

 

Beat me to it! (thumbs u

 

Paying more than 5% is uncivilized........

 

Although I have wondered about this........if you work for the CRA, do you have to pay the GST like everyone else or do you get a break like employees do at other places?

[Empires]

I'm still trying to figure out how intrinsic values can be elated.

 

http://dictionary.reference.com/browse/elated

 

[Empires]

Since I don't count the BP, ....shame is it's not moving... sigh.. Nice book too.

how can you not count BP, it is part of the price paid

 

I agree it's part of the price paid, just not the value of the book per se'. The BP is an added fee, certainly should not be factored otherwise.

 

Also, looking at the book closer, rolled spine top right corner and spine creasing on the left side. 7.0 ?

 

Graciously.

 

I reduce my guesstimate to 600 or less.

so, just need to get this straight...

if the buyer is willing to "value" the book at 600 K (ie 600k is all he can spend), and heritage is offering it, how much will he bid

 

Gator.. you're fun. But, that makes no sense. If the buyer "has" to pay what the book is offered at including the BP, then that is the buying price. BP should not factor into the cost of the book, when intrinsic values are elated. The outside world in my opinion doesn't really think about the BP until it's shown. Should it factor into price guide prices? My Cheerios are soggy now.

this is, of course, totally in good spirited, positive debate, I think you know that...

but my goodness, that is definitely a minority position you are taking, and quite flawed I believe...

the outside world doesn't give a rats behind about BP on comic books, they only care what someone pays for a book, if they care at all... when Heritage reported the sale of the tec 27 cgc 8.0, they didn't report it as 825K (or whatever the bid amount was)... the reported it as 1 million dollars...that is the "intrinsic value"... that is the " realized" price...which is value...

 

no one says, I value this book at 100K, so i am going to pay 119,500...they value the book at what they pay...pure and simple... so all bidders factor in the BP as part of the price/value of the book...

 

and absolutely price guides, gpa, historic sales records, etc, ALL consider the Bp as part of the price paid for the book (value, again)...I don't know of a single example that doesn't?

 

all that happens with heritage, is they want a 19.5% cut of the price...

just accounting procedures at that point

 

it really is not even debatable, in my opinion...but, since we are all entitled to our opinions, I can't say yours is wrong, even if I believe it is

 

 

Yes it is in good spirit. No harm meant. I find you fun to talk to. My only point is, should the BP be factored into price guide prices?

 

I have to work for now but I am excited about the auction and wish all the best on the book. Looks nice, not quite the 8.0 though... and yes it is debatable. Why not? We're just throwing around words... having fun....eating soggy cheerios.

it is factored into price guide prices.... in every price I submit to Bob, I include the actual price paid, inclusive of any all BP

GPA is the most up to date price "guide" there is, and it factors in final paid price (hammer + BP with Heritage, and hammer on all others), etc, etc (thumbs u

 

 

Fair enough. So then the Tax would be included in NY and California as well.

[rob_react]

Last Overstreet Guide had a section on the record breaking comics.

 

Each comic sold on Heritage was listed at its bp inclusive price.

 

Yeah. And when you see a record breaking price for a piece of auctioned art in the news, the bp inclusive price is always the headline.

 

Buyer's premium is a component of the final price That's why phrase "hammer price" exists, to different between the final bid and the real world price paid (inclusive of BP.)

 

[G.A.tor]

Since I don't count the BP, ....shame is it's not moving... sigh.. Nice book too.

how can you not count BP, it is part of the price paid

 

I agree it's part of the price paid, just not the value of the book per se'. The BP is an added fee, certainly should not be factored otherwise.

 

Also, looking at the book closer, rolled spine top right corner and spine creasing on the left side. 7.0 ?

 

Graciously.

 

I reduce my guesstimate to 600 or less.

so, just need to get this straight...

if the buyer is willing to "value" the book at 600 K (ie 600k is all he can spend), and heritage is offering it, how much will he bid

 

Gator.. you're fun. But, that makes no sense. If the buyer "has" to pay what the book is offered at including the BP, then that is the buying price. BP should not factor into the cost of the book, when intrinsic values are elated. The outside world in my opinion doesn't really think about the BP until it's shown. Should it factor into price guide prices? My Cheerios are soggy now.

this is, of course, totally in good spirited, positive debate, I think you know that...

but my goodness, that is definitely a minority position you are taking, and quite flawed I believe...

the outside world doesn't give a rats behind about BP on comic books, they only care what someone pays for a book, if they care at all... when Heritage reported the sale of the tec 27 cgc 8.0, they didn't report it as 825K (or whatever the bid amount was)... the reported it as 1 million dollars...that is the "intrinsic value"... that is the " realized" price...which is value...

 

no one says, I value this book at 100K, so i am going to pay 119,500...they value the book at what they pay...pure and simple... so all bidders factor in the BP as part of the price/value of the book...

 

and absolutely price guides, gpa, historic sales records, etc, ALL consider the Bp as part of the price paid for the book (value, again)...I don't know of a single example that doesn't?

 

all that happens with heritage, is they want a 19.5% cut of the price...

just accounting procedures at that point

 

it really is not even debatable, in my opinion...but, since we are all entitled to our opinions, I can't say yours is wrong, even if I believe it is

 

 

Yes it is in good spirit. No harm meant. I find you fun to talk to. My only point is, should the BP be factored into price guide prices?

 

I have to work for now but I am excited about the auction and wish all the best on the book. Looks nice, not quite the 8.0 though... and yes it is debatable. Why not? We're just throwing around words... having fun....eating soggy cheerios.

it is factored into price guide prices.... in every price I submit to Bob, I include the actual price paid, inclusive of any all BP

GPA is the most up to date price "guide" there is, and it factors in final paid price (hammer + BP with Heritage, and hammer on all others), etc, etc (thumbs u

 

 

Fair enough. So then the Tax would be included in NY and California as well.

I would probably draw the line there...now, if I was the buyer, and I lived in NY or Cal and had to pay tax, then absolutely to me, that would go into my "cog" (cost of goods)...

but, I don't think you can generically assign tax as part of the "value" because

1)you don't know who won it, and what state they are in, and if they even have to pay tax (maybe they are tax exempt)

2)tax is not uniformly applied to all sales, as the buyer and seller premiums are (and all auction houses have seller and or buyer premiums...negotiable, of course, but in every instance, those costs are included in the cost of the goods)

3)since it doesn't even apply to the majority of bidder states (3 out of 50, only 6%) I would say it is not a component of value

[nearmint]

I'm still trying to figure out how intrinsic values can be elated.

 

http://dictionary.reference.com/browse/elated

 

I think you meant elevated.

[Empires]

Last Overstreet Guide had a section on the record breaking comics.

 

Each comic sold on Heritage was listed at its bp inclusive price.

 

Yeah. And when you see a record breaking price for a piece of auctioned art in the news, the bp inclusive price is always the headline.

 

Buyer's premium is a component of the final price That's why phrase "hammer price" exists, to different between the final bid and the real world price paid (inclusive of BP.)

 

Correct. Kind of gives the graded book an edge price wise in the guide vs a non auctioned price in the guide...hmmn...

[Empires]

I'm still trying to figure out how intrinsic values can be elated.

 

http://dictionary.reference.com/browse/elated

 

I think you meant elevated.

 

Now I'll never know..

[rob_react]

Last Overstreet Guide had a section on the record breaking comics.

 

Each comic sold on Heritage was listed at its bp inclusive price.

 

Yeah. And when you see a record breaking price for a piece of auctioned art in the news, the bp inclusive price is always the headline.

 

Buyer's premium is a component of the final price That's why phrase "hammer price" exists, to different between the final bid and the real world price paid (inclusive of BP.)

 

Correct. Kind of gives the graded book an edge price wise in the guide vs a non auctioned price in the guide...hmmn...

 

 

Only if the bidder is an insufficiently_thoughtful_person. The buyer simply needs to bid the price they want to pay INCLUSIVE OF BUYER'S PREMIUM.

[sacentaur]

As a side note Heritage is killing california residents by charging us tax (thats another about 10% on the final price). I was stupid not to realize that over the weekend and had to pay them almost $200 in taxes in auction winnings. I prefer not to buy from them again

 

They charge sales tax because they opened a branch office in Beverly Hills, and the state of California wants their tax money (as if they don't get enough from us already).

 

I prefer not to buy from Heritage anymore either, and quite a lot of local collectors that I've spoken to this year feel exactly the same way.

[Ze-man]

 

The buyer simply needs to bid the price they want to pay INCLUSIVE OF BUYER'S PREMIUM.

 

 

Isn't this how everyone deals with auctions that have a BP?

 

I must be missing something.

[tth2]

BP should not factor into the cost of the book, when intrinsic values are elated.

 

I'd love to be in a position someday when paying what amounts to a $100k "transaction fee" is no big deal.

 

Just wait 'till helicopter Ben is done.

 

 

I'll be an endentured servant to a nice Chinese family by then.

I'll tell my cousins to beat you only once a week, George!

[tth2]

the outside world doesn't give a rats behind about BP on comic books, they only care what someone pays for a book, if they care at all... when Heritage reported the sale of the tec 27 cgc 8.0, they didn't report it as 825K (or whatever the bid amount was)... the reported it as 1 million dollars...that is the "intrinsic value"... that is the " realized" price...which is value...

 

no one says, I value this book at 100K, so i am going to pay 119,500...they value the book at what they pay...pure and simple... so all bidders factor in the BP as part of the price/value of the book...

 

and absolutely price guides, gpa, historic sales records, etc, ALL consider the Bp as part of the price paid for the book (value, again)...I don't know of a single example that doesn't?

 

all that happens with heritage, is they want a 19.5% cut of the price...

just accounting procedures at that point

Interestingly, the art world is just the opposite. Incredibly, all those headline numbers that are reported when various pieces sell at auction for tens of millions are just the bid amount, before the BP (which at the likes of Sotheby's and Christie's are MUCH higher than Heritage's BP).

 

So the actual amount spent is much higher than the reported amounts. Yet no one ever picks up on this, not the media nor, surprisingly, the auction houses themselves who you'd think would want to broadcast the higher inclusive amount.