B&B 28 My Biggest Sale to Date14353

Originally Posted by Towmater
Quote:

Originally Posted by Bronte
@Doc_Cop


My number was off on next year's selling. It's 600$

Here is link to more information.


A provision the 2021 Rescue Plan Act would lower the threshold considerably - it would require companies to send a 1099K to sellers for whom they've processed over $600, period. In our reading of the bill's language, it appears if you sell $601 worth of items, even in a single transaction, the payment processor is required to file Form 1099K.

https://www.ecommercebytes.com/C/abblog/blog.pl?/comments/2021/3/1615153514.html

..and that leads to capital gains tax I've been writing about. Hope everyone has been keeping excellent records on what you paid for the books you are selling.

The above will lead to less sales online. Less GO Collect data. More person to person and sales at conventions. Add in the other things like people going back to work and this year will be the end of the bubble.

Originally Posted by 00slim
@EbayMafia If you don’t mind my asking, will you be rolling some of that profit into another mega key? If so, it’ll be interesting to see what you snag next.

Originally Posted by Darkseid_of_town
Quote:

Originally Posted by Towmater
Quote:

Originally Posted by Bronte
@Doc_Cop


My number was off on next year's selling. It's 600$

Here is link to more information.


A provision the 2021 Rescue Plan Act would lower the threshold considerably - it would require companies to send a 1099K to sellers for whom they've processed over $600, period. In our reading of the bill's language, it appears if you sell $601 worth of items, even in a single transaction, the payment processor is required to file Form 1099K.

https://www.ecommercebytes.com/C/abblog/blog.pl?/comments/2021/3/1615153514.html

..and that leads to capital gains tax I've been writing about. Hope everyone has been keeping excellent records on what you paid for the books you are selling.

The above will lead to less sales online. Less GO Collect data. More person to person and sales at conventions. Add in the other things like people going back to work and this year will be the end of the bubble.

or perhaps only the start...

Originally Posted by Darkseid_of_town
yes all the normal steps of life will resume...like it always has

Originally Posted by Darkseid_of_town
yes all the normal steps of life will resume...like it always has

Originally Posted by EbayMafia

I think 2020 was a Catalyst event in Human history. I really don't know what will be normal going forward. We're starting to see some signs and hints that give us the ability to prognosticate, but the next chapter in all our lives is going to be an interesting one.

Originally Posted by Darkseid_of_town
What they do not demonstrate and never have is a massive drop or loss in price for a sustained period.

Originally Posted by Towmater
@Tedsaid

Its almost as if ones head is in the sand and not realizing that there is even a bubble. Although, I think it has more to do with a lack of the understanding what is driving the current bubble and failing to realize or recognize that it isn't being driven by hobbyist.

Originally Posted by Towmater
the current bubble ... isn't being driven by hobbyists.

Originally Posted by Tedsaid
Quote:

Originally Posted by Towmater
@Tedsaid

Its almost as if ones head is in the sand and not realizing that there is even a bubble. Although, I think it has more to do with a lack of the understanding what is driving the current bubble and failing to realize or recognize that it isn't being driven by hobbyist.

I wouldn't put it like that. @Darkseid_of_town and I may disagree about the current situation, re: a value bubble, but I definitely respect his opinion, and I'm sincerely interested in hearing more about his thought processes here.

Quote:

Originally Posted by Towmater
the current bubble ... isn't being driven by hobbyists.

You know, it's funny you say this. A few years ago I was watching that movie, Alien Nation. Have you seen it? The gist is, hundreds of thousands of members of an alien race are rescued and assimilated in California. And, culturally, they are pretty monolithic ... they are all pretty similar to each other, different from Americans/humans in the same ways, surprised by the same sorts of things, enjoying the same activities.

And I was idling thinking about how the Newcomers did this. How, as a group, they would all have the same kinds of likes and dislikes. And I wondered what would happen if they suddenly discovered collecting comic books. What would happen if a few hundred thousand Newcomers suddenly, enthusiastically, embraced comic book collecting?

And I thought, at first, collectors and stores and dealers would love it! Are you kidding? Sales going through the roof? Everything we own getting to be more valuable? People would be giddy with excitement, thrilled that their collections are becoming so valuable and their net worth is going up.

But then, prices would keep going up. The keys double, and then double again. Weird, overlooked books suddenly go nuts. Dollar bin comics find themselves elevated like never before. And the old school collectors start grumbling about how ridiculous the prices are. Complaining that they can't find anything for a reasonable price anymore. And, eventually, criticizing all the Newcomers for ruining the hobby ... ironically, by embracing it too hard.

And so I found it amusing that the current situation has played out exactly like this. I mean, not with aliens. (Probably.) But with all these newcomers in the hobby, injecting TONS of new money, buying up all the keys, and driving prices higher and higher. And causing not a little resentment, too, that all these new people in the hobby are just posers, not "real" collectors, and are making it hard for the "true" fans to find good deals.

Originally Posted by Darkseid_of_town


You hit a superb analogy there Ted..now apply that to the newly opened comic sales markets for places like Russia, China, and the rest of the world which prior to the recent wave of movies had not known these stories and characters.

Originally Posted by poka
Quote:

Originally Posted by Darkseid_of_town


You hit a superb analogy there Ted..now apply that to the newly opened comic sales markets for places like Russia, China, and the rest of the world which prior to the recent wave of movies had not known these stories and characters.

Just FYI - in China comics are mostly released digital not in paper form

Originally Posted by Bronte
Quote:

Originally Posted by poka
Quote:

Originally Posted by Darkseid_of_town


You hit a superb analogy there Ted..now apply that to the newly opened comic sales markets for places like Russia, China, and the rest of the world which prior to the recent wave of movies had not known these stories and characters.

Just FYI - in China comics are mostly released digital not in paper form

Any idea why this is the case?

Originally Posted by Tedsaid
I think we are in a bubble, and I think prices will start to drop this summer, perhaps early fall, and continue to drop into next year.

Originally Posted by Darkseid_of_town
Quote:

Originally Posted by poka
Quote:

Originally Posted by Darkseid_of_town


You hit a superb analogy there Ted..now apply that to the newly opened comic sales markets for places like Russia, China, and the rest of the world which prior to the recent wave of movies had not known these stories and characters.

Just FYI - in China comics are mostly released digital not in paper form

perhaps for newer stuff but back issues are still sold...why yes, on paper, just like with you buying them. And that is what we are discussing right? Back issues and key sales