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Hi fellow winchester collectors,
ive been collecting quality winchesters for fifty plus years and was wondering the best way to liquidate a large collection. Selling one at a time would take forever however I don’t want to pay a large gain tax by selling the lot. Any suggestions ?
regards Gerald
That’s a question for your tax advisor, not for us collectors. In order to make any kind of an intelligent recommendation things like your age, income, marital status, debts, value of collection, retirement objectives, heirs, etc. would have to be disclosed, something that shouldn’t be disclosed on a forum. The good news is that all the appreciation appears to be taxable as capital gains, rather than as ordinary income.
"This is the West, sir. When the legend becomes fact, print the legend."
Gerald,
There is a catch any way you do it. If you want the maximum return you would sell them individually but like you said it will take a long time. If you sell at a auction you will get rid of them quick but get hit with sellers premium and possibly taxes. If your collection has lots of high end stuff they will negotiate better fees for their services. The other option is to bring in a dealer and he will make you a offer. Depending on the total value of the collection and how deep his pockets are he can take big or small lots and when he sells them he comes back for more.
Bob
WACA Life Member--- NRA Life Member---- Cody Firearms member since 1991 Researching the Winchester 1873's
Email: [email protected]
Bob,
thanks for your input. Collecting winchesters has been a true joy for me and I’ll continue collecting until the day I die but I need to down size. I have a son in law who has interest and has a nice collection but he was diagnosed with stage four cancer a year ago. I was hoping to leave my collection to him and my grand kids. My grandkids love to fish and hunt but there interest isn’t in the old stuff.
I have a machine and fabrication company and my employees machine parts to extreme accuracy day in and day out. Of course they do this on machine centers. The day of the tool maker is all but gone.
Most people don’t realize the immense talent it takes to manufacture a lever action with such precision and beauty that it takes your breath away. These dedicated men and women used there hands and 130 year old equipment to manufacture works of art.
im in on hurry, so I think I’ll sell a few at a time. It’s fun negotiating a sale.
Gerald
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