T206 Wagner no longer the world's most expensive baseball card

[bobbyw8469]

Originally Posted by 2dueces

Card sold in 2018 for $400K. That’s what I call a good investment. 10x in just 2 years. Congratulations to the consignor.

The consignor was VegasDave....a POS sports tout who rips off Gambling degenerates. That is how he was able to buy it in the first place. By ripping people off.

[MikeGarcia]

Originally Posted by bobbyw8469

The consignor was VegasDave....a POS sports tout who rips off Gambling degenerates. That is how he was able to buy it in the first place. By ripping people off.

..how long did he own it ? Does the IRS care if he's just selling an old baseball card from his personal collection , or is he selling an asset at more than he paid for it .......is there such a thing as ''unintentional , accidental, surprise !! 'profit ?

..?

[bobbyw8469]

I think he owned it around 3-4 years.

[moeson]

https://nypost.com/2020/08/25/the-he...out-card-sale/

[ullmandds]

Originally Posted by moeson

https://nypost.com/2020/08/25/the-he...out-card-sale/

Shocking...another "crook" exploiting the hobby...and making headlines.

[Stampsfan]

Originally Posted by moeson

https://nypost.com/2020/08/25/the-he...out-card-sale/

Wow. He sounds like quite a humble man.
Ugh.

[bobbyw8469]

Originally Posted by Stampsfan

Wow. He sounds like quite a humble man.
Ugh.

He's a turd. And that's putting it mildly.

[swarmee]

Originally Posted by MikeGarcia

..how long did he own it ? Does the IRS care if he's just selling an old baseball card from his personal collection , or is he selling an asset at more than he paid for it .......is there such a thing as ''unintentional , accidental, surprise !! 'profit ?

..?

We're having some fun threads on Blowout because people don't realize they're supposed to pay Federal taxes on cards like all the thousand dollar Prizm basketball cards. Will be very interesting to see if the IRS ever gets involved in the sports card market.
They might be able to close the budget deficit next year... ;-)

[JeremyW]

Originally Posted by swarmee

We're having some fun threads on Blowout because people don't realize they're supposed to pay Federal taxes on cards like all the thousand dollar Prizm basketball cards. Will be very interesting to see if the IRS ever gets involved in the sports card market.
They might be able to close the budget deficit next year... ;-)

Speaking of taxes, I bet the individual states in the U.S. are amazed at the amount of money Ebay is sending them in sales taxes collected.