eBay buys Goldin

[Snowman]

This video is pretty funny in light of the news about ebay buying out Goldin. It's a video where Ken goes on a rant about how bad ebay is for selling cards lol

https://www.instagram.com/tv/CMDPijN...Q1ZGUxMzBkMA==

[SyrNy1960]

Originally Posted by Snowman

This video is pretty funny in light of the news about ebay buying out Goldin. It's a video where Ken goes on a rant about how bad ebay is for selling cards lol

https://www.instagram.com/tv/CMDPijN...Q1ZGUxMzBkMA==

In the King of Collectibles: The Goldin Touch | Official Trailer | Netflix, Ken stated he is motivated by three things: Competition, Ego, and Money.

[Rhotchkiss]

The main/primary reason PWCC’s vault works is state sales tax avoidance. Plain and simple. Take the tax savings out of the equation and I doubt vaults gain traction

[Peter_Spaeth]

Originally Posted by Rhotchkiss

The main/primary reason PWCC’s vault works is state sales tax avoidance. Plain and simple. Take the tax savings out of the equation and I doubt vaults gain traction

Avoidance or evasion?

[4815162342]

Originally Posted by Peter_Spaeth

Avoidance or evasion?

The first that I ever heard of this vault tax “avoidance” concept was on the show Billions. The lead character used a vault and eventually an actual apartment to avoid a multi-million dollar use tax bill on some pieces of art. Then I start collecting again, and lo and behold, it’s now big business in the hobby.

[Rhotchkiss]

Originally Posted by Peter_Spaeth

Avoidance or evasion?

Avoidance. There is nothing illegal (evasion) about buying an asset in a sales/use tax free state and leaving it in that state long enough. If you buy a card, have it sent to Oregon to avoid taxes, and remove it to NY a few days, weeks, months later, that is evasion. Sending it to Oregon, to reside permanently until sold, or for a substantial period (usually a year to be "old and cold"), even if done to save taxes, is avoidance and good business/tax planning.

[Snowman]

I think my favorite take so far in this thread is the, "aha! See! eBay didn't buy Goldin. Really, it's more like a merger."

:facepalm:

[Lorewalker]

Originally Posted by Snowman

I think my favorite take so far in this thread is the, "aha! See! eBay didn't buy Goldin. Really, it's more like a merger."

:facepalm:

And I know my favorite post on this thread will always be "hence I predicted it when seemingly no one else did" from Net54's Miss Cleo.

[Peter_Spaeth]

Originally Posted by Lorewalker

And I know my favorite post on this thread will always be "hence I predicted it when seemingly no one else did" from Net54's Miss Cleo.

I thought Travis just reported a rumor. Not the same as predicting anything.

[D. Bergin]

Originally Posted by Snowman

I think my favorite take so far in this thread is the, "aha! See! eBay didn't buy Goldin. Really, it's more like a merger."

:facepalm:

Moi?


Just commenting on the article. Don't think I ever expressed an opinion one way or another on your "scoop".

[Peter_Spaeth]

Originally Posted by Rhotchkiss

Avoidance. There is nothing illegal (evasion) about buying an asset in a sales/use tax free state and leaving it in that state long enough. If you buy a card, have it sent to Oregon to avoid taxes, and remove it to NY a few days, weeks, months later, that is evasion. Sending it to Oregon, to reside permanently until sold, or for a substantial period (usually a year to be "old and cold"), even if done to save taxes, is avoidance and good business/tax planning.

I would bet a lot more people are evading than avoiding.

[Bigdaddy]

Originally Posted by Rhotchkiss

The main/primary reason PWCC’s vault works is state sales tax avoidance. Plain and simple. Take the tax savings out of the equation and I doubt vaults gain traction

Surely another factor in providing a vault is to take advantage/possession of abandoned cards. Sort of like abandoned storage units, which we see all the time. Most certainly the percentage of such cards is not 0%.