No I get that part of the process
I was just trying to figure out why the $350 or $399 price point in the 1st place I think based on the cost that was not unreasonable BUT that is stiff for the average card and average collector. Perhaps a tighter price point would have brought more sales to the table. A 25 percent profit over cost would have been about $200 per (or a tad more) and that might have appealed to more collectors. I was just trying to think of why the $350 price point for 2 or more slots was created. |
I was just thinking, and wondered, if someone entered and had the slot with the Mantle, would they then have to pay income tax on it like any other prize?
Steve B |
Sure the answer is yes.
Was watching The Price is Right in a doctors office last week. Was wondering whether most of the folks in the audience could actually pay the taxes on a free car handed to them by Drew Carey. |
Quote:
|
The lady who won the Gretzky Wagner had to sell it ASAP to pay taxes.
Also, the people who won the vintage uniforms when UD ran a contest had to pay taxes on those as well so the answer is yes |
So did this ever happen?
|
Quote:
James |
That's crazy you have to pay taxes on prizes & lotteries in the States. In Canada, you don't have to pay anything, you keep 100% of your winnings!
|
?
I was also wondering about this. Approximately 160 slots were sold for around $55k, and some refunds were given. Has this been resolved or is Just Collect sitting on $50,000 of other peoples money?
This set break is still listed on Vintagebreaks.com and they are showing 243 slots remaining. People are still able to buy slots through the website. __________________________________________________ ______________ 1952 Topps Set National Break PSA Graded 1952 TOPPS SET NATIONAL BREAK PSA GRADED $359.99 As low as: $349.99 Spots left: 243 ADD TO CART 1952 TOPPS SET NATIONAL BREAK PSA GRADED In stock SKU:vb-0001 Be the first to review this product Thanks for purchasing slots in the 1952 Topps PSA set break. This break is still going to happen. We will need 3-4 weeks to fill it and will be putting up a message on the vintagebreaks.com web site explaining all the details. For any customer that does not want to wait until the break happens we will provide you with a prompt refund. |
Just Collect, in partnership with RippingWax.com will feature a complete, 1952 Topps Baseball PSA Set Break LIVE at the National. One person from this set break will receive the hottest card in the hobby today, the 1952 Topps #311 Mickey Mantle “rookie,” that has been graded PSA 3 (an image of the actual card is pictured below). This incredible set break will be offered by VintageBreaks.com and will include all 407 1952 Topps cards graded by PSA – this includes all of the scarce high number series (cards #311-407). The live break will occur at the Vintage Breaks booth in the Case Break Pavilion at the upcoming National in Atlantic City.
__________________________________________________ ____________ Something else is interesting. I'm not suggesting that anything is wrong, but I do find this intriguing. Leighton Sheldon is the President of Just Collect, according to their website. According to the VintageBreaks.com website, Leighton Sheldon is listed as a contact person, along with David Gelfman. According to the RippingWax.com website, David Gelfman is the owner. |
Who audits the "computerized random number generator"?
Every state lottery has an independent audit firm on hand to supervise and vouch for the integrity of the number-selection process. Who is the independent third party that will be vouching for the integrity of the "computerized random number generator," the details of which aren't specified in the ad? Or should we just trust that the Mantle won't wind up in the hands of a related party?
|
Quote:
|
we seem to be getting side tracked from the issue. This is a set break that was supposed to happen 4 months ago. When will they mercifully pull the plug on this? Was the buyer's money escrowed? Awful lot of press when it was supposed to go down, some information was forthcoming shortly thereafter, and since then pretty much crickets.
|
Perhaps it will continue through next year's National.
|
I wish they would post a current status update. There has been no updates/info for 2+ months now. When there's a total black hole of information, that's concerning.
I haven't asked for a refund yet, but if they'd give an update (even if it's the same info) every 2 weeks or so, it would go a long way to alleviate concerns. MEB Boy |
Quote:
Wasn't the slot price based on the value of the set last year? How can you have a continious 12 month set break with a fixed slot value and a changing set value. I can assure you that if the set goes up in value, you will not be having a set-break at those old slot values. JC is getting a free look at your money. |
This is like a fun cardboard lottery. The difference between this set break and the lottery is that you're guaranteed to get something. What is the going rate for a "3" graded Mantle these days? Worst case is that you get a card that may be worth a couple of bucks. How many of the cards have a value of over $350?
|
Mr. Alpaugh seems not to have posted on this board since early September.
|
I don't see the attraction to these set breaks; though I did take a chance on the Kreindler painting lotto thing because I really admire his work and would have had a hell of a Joe Louis piece if I'd won. Regardless of the legal technicalities, it is definitely gambling and I don't really like it as part of the hobby.
Is a 1/407 chance at the Mantle worth a $350 fee? Not to me and not to most anyone else, apparently. The way I look at it (which is probably 100% wrong from a statistical analysis but WTF do I know) is that 1/407 = .2457% chance of winning the Mantle. .2457% = 0.002457 x $23,000 = $56.11. That's what I'd pay for the chance. Since there are some other good cards too, I might kick it up to $100 or so in case I get one of the great high # HOFers instead. But $350 doesn't feel realistic. |
I got a refund a few months back. Lesson learned. I knew it wasn't a good deal but thought it might interject a little fun into the National. I realized this was completely pha-cack-tah (sp?) when I went to their table at the National and it was only a woman there who couldn't tell me fast enough she didn't have any information on the break. Zero. "I really don't know a whole lot about it" were her words. Interesting business model. Perhaps they just dragged someone off the nearest slot machine and gave them a job for the day. Guessing their $10,000 high end memorabilia break didn't fill either but just a guess.
|
1952 set break status
VintageBreaks.com was formed by co-owners Leighton Sheldon (owner of Just Collect, Inc.) and David Gelfman (owner of Ripping Wax, Inc.) to provide a platform for the offering and live breaking of vintage wax packs, boxes, sets and graded cards. We rolled out VintageBreaks.com at the 2016 National in Atlantic City, including by offering the 1952 Topps Baseball PSA Complete Set Break for $359.99 per entry and a chance to get a 1952 Topps Mickey Mantle in a PSA 3.
We hoped to break the 1952 Topps Set live on the Breaking Pavilion Main Stage at the National, but, unfortunately, we did not sell enough entries to do so. During the National, we offered and sold out several great vintage pack breaks which took place live on the main stage (including a 1962 Topps Football wax pack that yielded a beautiful Mike Ditka rookie card), and several box breaks (including a complete 1984 Topps Football Wax Box). Although the live break of the 1952 Topps Set break did not happen, there was continued interest after the National, and VintageBreaks.com anticipated that it would soon sell-out. We intended to broadcast the break live on Vintagebreaks.com. However, several participants understandably were not willing to wait and requested refunds. Everyone who requested a refund was sent a full refund, including several N54 members – as their posts have attested. All entry monies that were not requested for a refund have been kept in a separate, designated account. At this point, VintageBreaks.com has decided to cancel the 1952 Set Break. We will be providing details and full refunds to all remaining participants next week. We apologize for any confusion and the inability to sell-out the break and realize that this may have been too aggressive of an undertaking during the early roll-out of the VintageBreaks concept. We intend to reintroduce VintageBreaks.com with a new approach and various breaks at different price points on January 1, 2017. We will also be running a free break (to be determined) in January for all those that entered in to the 1952 Topps Set Break as a way to say thanks for your patience! We have learned a lot rolling out VintageBreaks.com and have made a few mistakes along the way. With your feedback, we believe we will be better able to position VintageBreaks.com as a fun, reliable, and trustworthy site for collectors to participate in live vintage pack, box, and set breaks. Should anyone require any further clarification or have any questions, please email me directly (Leighton@justcollect.com) or call me in the office at 732-828-2261. Thank you for your time, your consideration and your patronage. Happy Thanksgiving! Regards, Leighton www.justcollect.com |
Amazingly coincidental timing to this thread being resurrected...
|
Quote:
|
Quote:
|
Quote:
|
All times are GMT -6. The time now is 03:46 AM. |