Skip to comments.
Man Struggling to Pay Bills In Shock As a Family Heirloom’s Auction Price Changes His Life Forever
Ijreview ^
| August 17, 2014
| George Morgan
Posted on 08/17/2014 11:20:40 AM PDT by Hojczyk
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-94 next last
1
posted on
08/17/2014 11:20:40 AM PDT
by
Hojczyk
To: Hojczyk
2
posted on
08/17/2014 11:21:41 AM PDT
by
Hojczyk
To: Hojczyk
Wow! Almost brings you tears watching the bids come in and the look on his face.
3
posted on
08/17/2014 11:26:52 AM PDT
by
Fungi
To: Hojczyk
Compelling and wonderful story.
4
posted on
08/17/2014 11:31:37 AM PDT
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: Hojczyk
Navajo rugs don’t come cheap these days.
5
posted on
08/17/2014 11:31:55 AM PDT
by
FlingWingFlyer
(America is not a refugee camp! It's my home!)
To: Hojczyk
1.5 million for a blanket.Not bad.
6
posted on
08/17/2014 11:32:10 AM PDT
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: FlingWingFlyer
7
posted on
08/17/2014 11:32:40 AM PDT
by
FredZarguna
(Das ist nicht nur nicht richtig, es ist nicht einmal falsch!)
To: Hojczyk
Nice to see someone who appears to be a good guy come out on top!
8
posted on
08/17/2014 11:33:09 AM PDT
by
econjack
(I'm not bossy...I just know what you should be doing.)
To: Hojczyk
Wow. What a great story there...
9
posted on
08/17/2014 11:33:32 AM PDT
by
DoughtyOne
(We'll know when he's really hit bottom. They'll start referring to him as White.)
To: Hojczyk
This brought tears to my eyes! So glad for this couple.
To: FredZarguna
"In Philadelphia, it's worth fifty bucks."
11
posted on
08/17/2014 11:34:00 AM PDT
by
dfwgator
To: Farmer Dean
Uncle Sam’s take is 38%, they always do real good too.
12
posted on
08/17/2014 11:34:31 AM PDT
by
Rome2000
To: Hojczyk
13
posted on
08/17/2014 11:35:23 AM PDT
by
W.Lee
(After the first one, the rest are free.)
To: Hojczyk
Let’s now hope that “BIG” L T will use some of the money at a weight loss clinic.
I was a prime candidate for a knee replacement when my doctor - a good friend - said “Loose some damn weight and see what happens.” I went from 212 to 190 - that’s been 8 years ago; the knee is fine.
14
posted on
08/17/2014 11:35:35 AM PDT
by
QBFimi
(/...o.o/.o...ooo/...o.o...o/ooo/...o.o/.o/ooo.//o..o./. o.)
To: Hojczyk
There’s something in my damn eye....
15
posted on
08/17/2014 11:37:44 AM PDT
by
freebilly
(How about this-- we stop trying to elect the unelectable)
To: Rome2000
Capital gains is 38 percent now?Ouch.
16
posted on
08/17/2014 11:38:31 AM PDT
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: Hojczyk
Nice. I still wonder what he keeps.
If the auction house keeps 30% then that is $450,000 for them.
So the seller gets the remaining $1,050,000.
What is the tax on this. Is it capitol gains of 25% or is it income tax for Fed and State?
Sounds like he keeps $600,000 to $750,000 which is still a huge windfall for a poor man buried in debt, but not $1.5 million in his pocket.
This is the beauty of auctions. Items you can’t price will price themselves. If they tried to sell it for $250,000 it would have gone immediately and they would never have known how much more it was worth and gotten much more, even after fees and taxes.
17
posted on
08/17/2014 11:40:10 AM PDT
by
Freedom_Is_Not_Free
(Free goodies for all -- Freedom for none.)
To: Hojczyk
Definite feel good story!!! Thanks for posting!
18
posted on
08/17/2014 11:40:30 AM PDT
by
Joe 6-pack
(Qui me amat, amat et canem meum.)
To: Freedom_Is_Not_Free
The auction house gets a half million for their trouble so that is a nice take for 5 minutes worth of work.
I am assuming the auction fee is 30%. I don’t know first hand. Just saying, the guy did great, but it must be nice to run an auction house that does nothing but bring together buyers and sellers and skims all the cream off the top.
19
posted on
08/17/2014 11:42:16 AM PDT
by
Freedom_Is_Not_Free
(Free goodies for all -- Freedom for none.)
To: Hojczyk; a fool in paradise; Morgana
That is a great story to encourage the hoarders in all of us
20
posted on
08/17/2014 11:44:45 AM PDT
by
GeronL
(Vote for Conservatives not for Republicans)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-94 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson