KirbyCollector Posted May 27, 2023 Share Posted May 27, 2023 On 5/27/2023 at 7:19 AM, The Voord said: The mark-up in price of close-on $4K is excessive. The competition for that piece, nearly two months ago, fell below the auction price - so I'm struggling to see how the new ask so soon after the original sale can be justified? I get that dealers buy art to re-sell at a profit, and don't have a problem with that, but this is a bit of a jaw-dropper! Just my "But... but.. but... the consignor MADE me price it like that! He twisted my arm real bad, honest!" cloud cloddie 1 Link to comment Share on other sites More sharing options...
vodou Posted May 27, 2023 Share Posted May 27, 2023 On 5/27/2023 at 9:48 AM, KirbyCollector said: the consignor Yeah, this ever anonymous sin eater 😁 always has, like, um, half the visible fs art out on “consignment.” Can you imagine what he’s keeping! Link to comment Share on other sites More sharing options...
Dr. Balls Posted May 27, 2023 Share Posted May 27, 2023 On 5/26/2023 at 1:17 PM, cloud cloddie said: Deathmate DPS “sold” in January from Nostalgic Investments. Think the price was 2Kish? https://www.nostalgicinvestments.com/comic-art/deathmate-red-p1314-double-page-spread Now available for 3500 through Panel Page Art. https://panelpageart.com/GalleryPiece.asp?Piece=3339 With a much stronger and dynamic DPS for sale right here on the boards for almost 1/3 the price - both pretty much the same vintage. cloud cloddie 1 Link to comment Share on other sites More sharing options...
KirbyCollector Posted May 27, 2023 Share Posted May 27, 2023 On 5/27/2023 at 2:18 PM, Dr. Balls said: With a much stronger and dynamic DPS for sale right here on the boards for almost 1/3 the price - both pretty much the same vintage. Whoa whoa whoa sir are you telling me dealers do NOT set the market price?!? I am literally shaking... Dr. Balls 1 Link to comment Share on other sites More sharing options...
Dr. Balls Posted May 27, 2023 Share Posted May 27, 2023 On 5/27/2023 at 12:37 PM, KirbyCollector said: Whoa whoa whoa sir are you telling me dealers do NOT set the market price?!? I am literally shaking... The Voord 1 Link to comment Share on other sites More sharing options...
barneythecantankerous Posted May 27, 2023 Share Posted May 27, 2023 As a UK collector let me sound ignorant for a moment about US taxes... But aren't most of these dealers high earners, meaning they pay higher taxes and as a result when they're getting these pieces they're paying auction house fees, sales/state tax(?) and then some kind of income tax? Meaning they need to charge these at often times overinflated/awkward prices to make it worth their while? Terry E. Gibbs 1 Link to comment Share on other sites More sharing options...
Unstoppablejayd Posted May 27, 2023 Share Posted May 27, 2023 On 5/27/2023 at 4:53 PM, barneythecantankerous said: As a UK collector let me sound ignorant for a moment about US taxes... But aren't most of these dealers high earners, meaning they pay higher taxes and as a result when they're getting these pieces they're paying auction house fees, sales/state tax(?) and then some kind of income tax? Meaning they need to charge these at often times overinflated/awkward prices to make it worth their while? Dealers don’t pay sales tax as a reseller in the US so they actually have an advantage over most of us grapeape, Twanj, Sean I and 1 other 4 Link to comment Share on other sites More sharing options...
The Voord Posted May 27, 2023 Share Posted May 27, 2023 On 5/27/2023 at 2:48 PM, KirbyCollector said: "But... but.. but... the consignor MADE me price it like that! He twisted my arm real bad, honest!" Well, if it is consignment art . . . I woulda thought any dealer worth their salt would steer the consigner towards the realms of reasonableness on flip-valuation? Link to comment Share on other sites More sharing options...
Rick2you2 Posted May 28, 2023 Share Posted May 28, 2023 On 5/27/2023 at 4:53 PM, barneythecantankerous said: As a UK collector let me sound ignorant for a moment about US taxes... But aren't most of these dealers high earners, meaning they pay higher taxes and as a result when they're getting these pieces they're paying auction house fees, sales/state tax(?) and then some kind of income tax? Meaning they need to charge these at often times overinflated/awkward prices to make it worth their while? Your top income tax rate is higher than ours, too. Here, it’s 37% on income above $523k. There, it is 45% over 150k pounds. I suspect that is more than most dealers net, after taxes, but I don’t know. Link to comment Share on other sites More sharing options...
delekkerste Posted May 30, 2023 Share Posted May 30, 2023 On 5/27/2023 at 4:53 PM, barneythecantankerous said: As a UK collector let me sound ignorant for a moment about US taxes... But aren't most of these dealers high earners, meaning they pay higher taxes and as a result when they're getting these pieces they're paying auction house fees, sales/state tax(?) and then some kind of income tax? Meaning they need to charge these at often times overinflated/awkward prices to make it worth their while? Dealers are exempt from sales tax if they are set up as resale businesses and apply for a reseller number. grapeape 1 Link to comment Share on other sites More sharing options...
delekkerste Posted May 30, 2023 Share Posted May 30, 2023 (edited) On 5/28/2023 at 5:18 PM, Rick2you2 said: Your top income tax rate is higher than ours, too. Here, it’s 37% on income above $523k. There, it is 45% over 150k pounds. I suspect that is more than most dealers net, after taxes, but I don’t know. That's only comparing our Federal income tax rate when most U.S. taxpayers pay a state (and sometimes local) income tax rate as well (plus a 3.8% Federal surcharge on investment income if you are in the top tax bracket). If you live in NYC, your top marginal income tax rate (excluding the investment income surcharge) is 51.776% (37% Federal + 10.9% NY State + 3.876% NYC). Edited May 30, 2023 by delekkerste RBerman, Sideshow Bob and Rick2you2 2 1 Link to comment Share on other sites More sharing options...
Popular Post Dr. Balls Posted June 6, 2023 Popular Post Share Posted June 6, 2023 I missed out on these back in January when they were on Ebay, and they came up in the CC auction this month - they were still in my snipes log, so I decided to watch them - they ended today. Ouch. Sean I, cloud cloddie, Rick2you2 and 5 others 3 3 1 1 Link to comment Share on other sites More sharing options...
comix4fun Posted June 6, 2023 Share Posted June 6, 2023 On 5/27/2023 at 3:53 PM, barneythecantankerous said: As a UK collector let me sound ignorant for a moment about US taxes... But aren't most of these dealers high earners, meaning they pay higher taxes and as a result when they're getting these pieces they're paying auction house fees, sales/state tax(?) and then some kind of income tax? Meaning they need to charge these at often times overinflated/awkward prices to make it worth their while? They don't pay income taxes on purchases. They pay it on profits from sales. That means what they buy from an auction house is more an expense to be deducted from the final re-sale for tax calculation. grapeape 1 Link to comment Share on other sites More sharing options...
Popular Post Nexus Posted June 24, 2023 Popular Post Share Posted June 24, 2023 The real meanings of happiness in May: The real meanings of happiness in June: fonebone6166, zhamlau, grapeape and 9 others 1 8 1 2 Link to comment Share on other sites More sharing options...
artdealer Posted June 25, 2023 Share Posted June 25, 2023 On 6/24/2023 at 5:45 PM, Nexus said: The real meanings of happiness in May: The real meanings of happiness in June: Well, after all it is Federico Bettini. Catwoman_Fan 1 Link to comment Share on other sites More sharing options...
Popular Post Kryptic1 Posted June 29, 2023 Popular Post Share Posted June 29, 2023 Seems like the standard Dueling Dealers markup these days: Andahaion, TeddieMercede, mtlevy1 and 9 others 3 3 1 5 Link to comment Share on other sites More sharing options...
KirbyCollector Posted June 29, 2023 Share Posted June 29, 2023 (edited) Edit: Edited June 29, 2023 by KirbyCollector Terry E. Gibbs, delekkerste and The Voord 1 2 Link to comment Share on other sites More sharing options...
2 Sharpe's Collecting Posted July 1, 2023 Share Posted July 1, 2023 On 6/28/2023 at 9:52 PM, Kryptic1 said: Seems like the standard Dueling Dealers markup these days: Some work has been done on the original since it first sold: Will_K, Sean I, vodou and 6 others 2 2 5 Link to comment Share on other sites More sharing options...
KirbyCollector Posted July 1, 2023 Share Posted July 1, 2023 On 7/1/2023 at 12:43 PM, 2 Sharpe's Collecting said: Some work has been done on the original since it first sold: SOME work?!? Holy s--- The Voord 1 Link to comment Share on other sites More sharing options...
Aahz Posted July 1, 2023 Share Posted July 1, 2023 On 7/1/2023 at 11:43 AM, 2 Sharpe's Collecting said: Some work has been done on the original since it first sold: Interesting how they got the nose of the wolf to be over the logo. Link to comment Share on other sites More sharing options...
