[cctalk] Re: LCM auction pre-notice

On Jul 14, 2024, at 18:15, Michael Kerpan via cctalk &lt;cctalk(a)classiccmp.org&gt; wrote: He ran out of time. He was starting to formulate plans for his museums, but had only got around to dealing with the Pop Culture Museum before he died. Mike > On Sun, Jul 14, 2024, 9:05 PM brad via cctalk &lt;cctalk(a)classiccmp.org&gt; wrote: > > I wonder why Paul didn't set it up to try and find a group willing to keep > LCM or the whole collection under a new museum first. Then have a provision > that it must be a non profit, and if it doesn't work, proceed to auction > for charity. BradSent from my Galaxy > -------- Original message --------From: Wayne S via cctalk < > cctalk(a)classiccmp.org&gt; Date: 2024-07-14 5:59 p.m. (GMT-08:00) To: Wayne > S &lt;wayne.sudol(a)hotmail.com&gt; Cc: "General Discussion: On-Topic and > Off-Topic Posts" &lt;cctalk(a)classiccmp.org&gt;rg>, Wayne S &lt;Wayne.Sudol(a)hotmail.com&gt; > Subject: [cctalk] Re: LCM auction pre-notice The estate should just have > given the collection or parts of it directly to the charities if the > charities were equipped to dispose of it.Sent from my iPhone> On Jul 14, > 2024, at 17:56, Wayne S &lt;wayne.sudol(a)hotmail.com&gt; wrote:> > Yes, but you > still have to do the paperwork. Declare the revenue you got for it and then > the paperwork from the charity acknowledging they received it and it’s > value. PITA> > Sent from my iPhone> >> On Jul 14, 2024, at 17:12, Bill > Gunshannon via cctalk &lt;cctalk(a)classiccmp.org&gt; wrote:>> >> >> >>>> On > 7/14/2024 7:14 PM, Wayne S via cctalk wrote:>>> Trying to compare a > billionaire’s estate collection with people like us is futile. Most of us > collectors will die and our collection wont be of interest to the IRS > because it won’t amount to much. Pauls collection, on the other hand, will > be of interest simply because he called out what to do with it when he dies > (sell and proceeds to charity) and he’s a billionaire so they look very > closely at estate where there could be significant tax revenue.>> >> There > is probably no tax revenue if it all really goes to charity.>> >> bill>>