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Original Superman comic becomes the highest-priced comic book ever sold

bbc.com

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Re: Original Superman comic becomes the highest-priced comic book ever sold

#121

Post by acomjean »

xeonmc wrote: post #43
evanelias wrote: post #22

Earlier quoted context omitted.

It really doesn't make sense to read a 9.0 condition key comic like this. If you really wanted to read it, you would be better off buying a second reading copy in terrible condition. The cost of the reading copy would end up being less than the negative impact to the condition (and therefore value) of your mint copy from reading it a single time.

Makes me think of this Simpsons episode: https://www.youtube.com/watch?v=Ii4Msc9ESEw

I thought you were going to share the one where Bart Martin and Milhouse team up to buy a rare “radioactive man”. It goes badly

https://youtu.be/zw220bx88WA?si=vArVS22Oac02uNK5

I’d forgotten about prank monkey Homer.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#122

Post by twoodfin »

saretup wrote: post #57
stavros wrote: post #53

Earlier quoted context omitted.

What tax savings? How does that work?

Different tax loopholes depending on region etc, but basically like this: I’m a billionaire earning $100M this year. I owe $40M as taxes for that. (Too much!) I find a dumb banana painting by a starving artist. I buy it from him for $1000. I wait 6 months. I go to a museum to get it appraised by “professionals”. I pay the professional appraiser’s wife $50K as a gift. The appraiser says the painting is now worth $30M!…

Yes, there are lots of “loopholes” available if you are willing to commit tax fraud! But that’s something anyone can do, it’s not particularly harder to lie about the value of charitable donations if you’re not ultra-wealthy.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#123

Post by pbhjpbhj »

iamacyborg wrote: post #63
charcircuit wrote: post #4

With this kind of case it's impossible to read the comic book, and it doesn't protect it from UV light. I prefer using covers that block UV light. This both protects it and allows you to read it.

You’re better off just getting UV protective film on your windows.

I wonder if that significantly changes your vitamin D production?

Re: Original Superman comic becomes the highest-priced comic book ever sold

#124

Post by larusso »

bazoom42 wrote: post #78
saretup wrote: post #57

Earlier quoted context omitted.

Different tax loopholes depending on region etc, but basically like this: I’m a billionaire earning $100M this year. I owe $40M as taxes for that. (Too much!) I find a dumb banana painting by a starving artist. I buy it from him for $1000. I wait 6 months. I go to a museum to get it appraised by “professionals”. I pay the professional appraiser’s wife $50K as a gift. The appraiser says the painting is now worth $30M!…

Your scheme involves getting a fake appraisal for a value higher than the market price. But this does not explain high prices at an auction.

This item didn’t get sold yet or? It’s says it’s valued at 9million. So somebody gave it that number.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#125

Post by toyg »

Podrod wrote: post #77
anthk wrote: post #68

Earlier quoted context omitted.

https://comicbookplus.com would have it legally as the Copyright expired long ago.

What makes you think the copyright has expired?

Probably confused 2024 with 2034, when it will actually expire.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#126

Post by __s »

renewiltord wrote: post #70
stavros wrote: post #59

Earlier quoted context omitted.

As far as I know, that's not how taxes work. You can't get a rebate for the amount of taxes you would have paid, you can get a deduction for the amount of money you made. So: You made $100M owe $40M in taxes. Your painting is worth $30M! You have such a keen eye for art. Now you made $130M and owe $50M in taxes. You donate the painting, you're back at having made $100M and owing $40M. Otherwise we'd all choose not to…

I’m pretty sure he’s right in how taxes work. There’s no moment where the value of the painting is realized but you are allowed to deduct the FMV if you make enough and if the donation goes to the charity’s exempt use (which it will if it’s a museum or whatever). So if you buy painting for a dollar and wait a year then next year you make $3m and the painting is now worth $1m then if you donate it, your AGI is reduced…

There was a subtle mistake: the 30M would be deducted from taxable income (in Canada I was only able to deduct from capital gains)

Re: Original Superman comic becomes the highest-priced comic book ever sold

#127

Post by latexr »

zkmon wrote: post #110
latexr wrote: post #99

Earlier quoted context omitted.

I agreed with the first sentence, but then the second one had me scratching my head. Could you clarify/expand on what you’re saying there?

>> expand on "men turning into drama queens" Men sounding too sentimental, emotional, girly, too much talking, making lots of facial expressions, trying to please or convince someone,... even though it is not hard it see it's fake. The talk was all about millions, not family silver.

What’s wrong about that? Why shouldn’t a man be emotional, make facial expressions, or try to please someone? Why is that “fake”?

I’m asking in general, since your original comment looked to be a general complaint and not only specific about this case.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#128

Post by zkmon »

latexr wrote: post #127
zkmon wrote: post #110

Earlier quoted context omitted.

>> expand on "men turning into drama queens" Men sounding too sentimental, emotional, girly, too much talking, making lots of facial expressions, trying to please or convince someone,... even though it is not hard it see it's fake. The talk was all about millions, not family silver.

What’s wrong about that? Why shouldn’t a man be emotional, make facial expressions, or try to please someone? Why is that “fake”? I’m asking in general, since your original comment looked to be a general complaint and not only specific about this case.

In this case, it is fake because they didn't value the very sentiment they were talking about. In general, those attributes in men make them drama queens.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#129

Post by amelius »

larusso wrote: post #39

It is interesting to me that something like this can have such a high value. It speaks meanly for the our shared cultural global connection when it comes to items like these. For what purpose other than saying: “I have a …” would you buy this? Or is it the believe the price only goes up and it gets bought as an investment? I mean specifically this item with this high price. I ask because I think the price is only as…

It's valuable because we know with high certainty that it wasn't created using GenAI.

Re: Original Superman comic becomes the highest-priced comic book ever sold

#130

Post by Intermernet »

garbthetill wrote: post #113
WalterBright wrote: post #56

I remember a painting was discovered, and there was speculation that it was a da Vinci. It was appraised at $30,000. If it could be proven to be a da Vinci, it would be worth a million. For the same item. Crazy.

The salvator mundi was bought at an auction for $1.2k, restored & appraised, then eventually sold for $450 million. The art/collection world is fascinate everything latches onto experts putting their reputation on the line, precious metals and gem stones make way more sense to me as their authenticity is undeniable for now

Weirdly enough, precious metals and gem stones are only valuable because we agree they are. It's exactly the same as art, but with a lot less debate.
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