Jay (Eire)
9144
There was a post somewhere two years ago (at the time of the last Only Watch) about the tax deductibility on winning bids given it’s a charity.
I think from a US tax payer perspective unless the charity is registered in the US it’s not deductible. So an contribution to an overseas charity is not usually deductible. There might be some exceptions based on tax treaties the US has with various countries.
The thread two years ago was questioning if the charity could ensure that US contributions were deductible then perhaps that would be a positive for funds raised as it may encourage more bidders.
Someone told me the Gronefeld was purchased by a US collector so maybe I can find out what he did.
I like Tudor. I own two Tudors. But...
350,000 CHF for the ceramic black bay is insane. Absolutely bonkers. Yes, it is for charity. So how much can one claim as a tax deduction? One must subtract the "retail" value of the item obtained in charity auctions. What is the retail value of this watc...
Thank you for having writing down my question.
But sorry I don’t have the output. Some here may. But I think tax reductions depend on where you live. I don’t know if one can claim for one. Anyway, the prices fetched for most of the pieces are just insanes. But this is for a good cause so why not?
Tudor never makes a piece unique
If Rolex would make one unique watch for the same auction .. a unique non complicated watch, it would fetch at least 10 times more So it's extremely rare to be able to buy such a piece. It's clear Tudor is a fantastic brand and more and more people are co...
yes
there was also the left-handed bronze But it's each time a different watch so still unique. I don't think they made other than these for only watch
There was a post somewhere two years ago (at the time of the last Only Watch) about the tax deductibility on winning bids given it’s a charity.
I think from a US tax payer perspective unless the charity is registered in the US it’s not deductible. So an contribution to an overseas charity is not usually deductible. There might be some exceptions based on tax treaties the US has with various count...
yes gronefeld buyer is in NYC....
one of the more reasonably priced pieces in that auction in my opinion...
It's too much for a Tudor. But whoever won. Congratulations, you have a kind heart.
Best wishes, keep well and enjoy your new Tudor. Cheers 🥃 Geross
what is paid at a charity auction...
is generally nothing to do with value of underlying item... I have been to plenty of silly charity auctions... one where buyer bought a pair of shoe laces for usd 25k... what matters is that the money goes towards a good cause. tax write-off or not does n...
When people start paying for rotting watches,
you know the value of watches to people is really quite subjective.
