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04-08-2020, 09:57 AM
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#11
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The InJustice League
Join Date: Jan 2016
Location: Dublin, OH
Posts: 6,187
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Great idea by Lee. Some great sketches so far. Out of my price range but it would be a cool item to have down the road and I love how he is numbering them. I'm guessing Batman is #60.
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04-08-2020, 10:10 AM
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#12
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Martian Manhunter
Join Date: May 2009
Location: Dela-where??
Posts: 17,942
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Quote:
Originally Posted by JadeGiant
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I read it that they can be tax deductible, but not for the entire price paid. Since art is so subjective in its "fair market value", I am curious to know what a Lee commission value would be. I would suppose a person could compare it to his going rates through Moy and claim the difference?
There has to be a way to claim art as a tax deduction. Charities sell art all the time for these purposes. I sadly, have no need to inquire since no way can I pay $8+K that I can assume a Catwoman or Starfire will go for 
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04-08-2020, 10:20 AM
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#13
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Angry Green Rage Monster Mod. SMASH!
Super Moderator
Join Date: Nov 2005
Location: Anger Management
Posts: 43,815
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Quote:
Originally Posted by Demona
I read it that they can be tax deductible, but not for the entire price paid. Since art is so subjective in its "fair market value", I am curious to know what a Lee commission value would be. I would suppose a person could compare it to his going rates through Moy and claim the difference?
There has to be a way to claim art as a tax deduction. Charities sell art all the time for these purposes. I sadly, have no need to inquire since no way can I pay $8+K that I can assume a Catwoman or Starfire will go for |
It is subjective but there is precedence with Moy commission prices. But even then Jim's prices vary by venue, etc. so it would still be an educated guess. One could also argue that the auction price realized is the FMV price. There are some references to Moy's pricing on that thread. I would not feel comfortable trying to claim it as a write off, even partially, myself. YMMV
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CAF
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04-08-2020, 10:23 AM
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#14
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Jedi Order
Join Date: Sep 2005
Location: Habs Nation
Posts: 28,141
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Quote:
Originally Posted by Demona
There has to be a way to claim art as a tax deduction. Charities sell art all the time for these purposes. I sadly, have no need to inquire since no way can I pay $8+K that I can assume a Catwoman or Starfire will go for |
There is a way but you need to be recognized as a charitable institution first. I believe there is paperwork involved and a code number of some kind to follow as well. Sadly, one can't just post something for sale and say "for charity" and expect to use that on your taxes, if that makes any sense.
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04-08-2020, 08:15 PM
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#15
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The quickest way to double your money is to fold it in half and put it back in your pocket.
Join Date: Jan 2006
Location: The Windy City
Posts: 1,312
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Once he said all sketches will be future covers, you knew that none of them will sell for under 5k.
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04-09-2020, 07:21 AM
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#16
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Modzilla
Super Moderator
Join Date: Aug 2004
Posts: 22,183
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Quote:
Originally Posted by Bishop40
Once he said all sketches will be future covers, you knew that none of them will sell for under 5k.
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All are going to be covers? If that's the case these are great deals.
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04-09-2020, 08:05 AM
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#17
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Jedi Order
Join Date: Sep 2005
Location: Habs Nation
Posts: 28,141
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Quote:
Originally Posted by Bishop40
Once he said all sketches will be future covers, you knew that none of them will sell for under 5k.
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Quote:
Originally Posted by MONSTER
All are going to be covers? If that's the case these are great deals.
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Hmmm... Where did Jim Lee say these would all be future covers? He doesn't mention that on the sales description. If it were true, why not add that to the sales pitch? I doubt everyone bidding even knows that (assuming this is true). I'd bet the bids would be even higher if (more?) people knew these would be used as covers.
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04-09-2020, 08:46 AM
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#18
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Batman
Join Date: Feb 2013
Location: Michigan
Posts: 20,103
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Quote:
Originally Posted by risingstar
Hmmm... Where did Jim Lee say these would all be future covers? He doesn't mention that on the sales description. If it were true, why not add that to the sales pitch? I doubt everyone bidding even knows that (assuming this is true). I'd bet the bids would be even higher if (more?) people knew these would be used as covers.
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from his instagram:
Quote:
Originally Posted by Jim Lee
New wrinkle to this 60 sketches in 60 days—each image will be used as a variant cover for a future DC comic! And all 60 will be collected into a book which will also benefit BINC.
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04-09-2020, 08:55 AM
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#19
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Martian Manhunter
Join Date: May 2009
Location: Dela-where??
Posts: 17,942
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Also, DC set-up a charity organization that these sales go thru to help LCBS. So there is solid chance these are deductible.
Somebody with deeper pockets than mine, give it a whirl  Or maybe we can all agree on one to bid on and split the cost. Each of us would get to hang it in our house for a month out of the year. An Original Art Custody agreement would need to be drawn up.
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04-09-2020, 09:12 AM
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#20
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Batman
Join Date: Feb 2013
Location: Michigan
Posts: 20,103
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yeah, weve all seen how that works out....
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