Earlier quoted context omitted.
You’re better off just getting UV protective film on your windows.
I wonder if that significantly changes your vitamin D production?
No.
Original Superman comic becomes the highest-priced comic book ever sold
191–200 of 216 posts
Re: Original Superman comic becomes the highest-priced comic book ever sold
#192Earlier quoted context omitted.
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.
Loopholes are by definition legal.
Bribing an appraiser to get a larger deduction on a donation is cut-and-dried tax fraud. It’s not a “loophole”.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#193I know nothing of this world of comics, I guess because it is essentially part of the US culture and did not penetrate much of Europe. There has been a number of investigative shows arguing the valuation of collectibles in general (comics included) is largely driven by money laundering. Is it some kind of conspiracy theory of is this legit ?
For this, it is pretty legit since it is old. What is thought to be driven by money laundering is people paying crazy amounts of money for graded VHS movies or NES games.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#194I 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.
Let's say that I gift you a suitcase with ten thousand $100 bills that seem legit, but you're not sure. How much would you be willing to pay for a proof that they are indeed legit?
It's a crime to pass counterfeit money. I'm not interested in that kind of trouble.
Besides, I don't need to pay to test for it being legit. Just go to a bank.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#195Earlier quoted context omitted.
It is, but only for thing people would legitimately like to have. The entire NFT thing would work if it were restricted to things people want, even if that only amounts to bragging rights. Somewhere along the way people lost track of the fact that being able to trade something doesn't denote value in itself
"only for thing people would legitimately like to have." Whilst that may be true for the most part, much of the art dealt nowadays is never displayed, just stored somewhere incredibly tax efficient until it's value has gone up enough to warrant selling. https://theswisstimes.ch/unlocking-the-secrets-of-the-geneva...
In that respect I suspect it is much the same as bored apes. The price can go up while there are people with funds to put into things they don't care about. When the time comes that they have less money than the cost of things important to them, the 'value' can swiftly evaporate.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#196I 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.
Do you think a sculpture by a pre-civilization human is worth more than something banged out yesterday? Heritage has great value. It is one of the few things that cannot be manufactured at will. Also, since its uniqueness holds its value, its value becomes a "strange attractor". You can put a lot of money into one of these artifacts, fairly sure to get most or more back. Since future buyers will have a similar assura…
I've seen a lot of ancient art in museums. I have simply no desire to spend $$$ acquiring them simply because they are old.
I did buy some concrete gargoyles created by a local artist, probably a replica of one from a European church. I mounted them on the driveway entrance to scare away unwanted visitors.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#197Earlier quoted context omitted.
Loopholes are by definition legal.
Bribing an appraiser to get a larger deduction on a donation is cut-and-dried tax fraud. It’s not a “loophole”.
Correct. Fraud is fraud, loopholes are loopholes. One is legal, the other is not.
Or put another way - a loophole in law/regulations is found, then the law/regulation gets changed to close the loophole. If it were not legal this change would not be necessary - you would just prosecute.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#198I 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.
Is it crazy? Clearly the value is the proof itself, not the item, right? Certainly a genuine da Vinci is an investment you can very likely recoup and make a profit on. If I could buy one that’s proven, for a million, and I had a million sitting around, I would. That would be a smart move. The $30k non da Vinci, who knows, could be everything from love of art and total loss to perhaps a small profit. It depends on how…
I'm not interested in speculating on art. It's far too risky for my taste. There's always a high risk of them being counterfeits. Verification by even top experts is pretty chancy.
Re: Original Superman comic becomes the highest-priced comic book ever sold
#199Earlier quoted context omitted.
Do you think a sculpture by a pre-civilization human is worth more than something banged out yesterday? Heritage has great value. It is one of the few things that cannot be manufactured at will. Also, since its uniqueness holds its value, its value becomes a "strange attractor". You can put a lot of money into one of these artifacts, fairly sure to get most or more back. Since future buyers will have a similar assura…
This is all a great way of describing why art works as a money laundering or tax evasion scheme.
Can you elaborate further on the tax evasion part? The money laundering part I can see since the value of art is subjective and volatile, but how does what OP said explain how art can be used for tax evasion?
Re: Original Superman comic becomes the highest-priced comic book ever sold
#200There's this new sentiment in the society of finding something rare with high value to flip it and make a bank. But the way it's being pursued... It just doesn't feel right. It almost feels like it's gambling, because it's a sentiment that leaks into modern collectibles, like card games. I'm not saying people don't value collectibles, or value nostalgia, or that some of these things should be limited to niches - the…
I understand what you mean, and I agree.
I have a similar experience: a couple of years ago I started to dip my toes into the retrogaming collecting world, and at first it was fun to get all those games that I really wanted to have as a kid, but it soon devolved into trying to track down all those overpriced "rare" games. It got exhausting, and made wonder why am I even doing this? Why would I spend several hundreds on a game or a console that I didn't even knew about until one year ago, just because some random YouTube guy told me so?
Being a kid, really wanting a game or toy, finally getting it and then enjoying it to death was awesome; this is not. As you say, it doesn't feel right, so I have decided to quit.