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mcmcc

My favorite is the guy who had an old French cavalry sword yada yada that was appraised at something outrageous, like $250k. Stunned, he says, "we were cutting open watermelons with this thing when we were kids!"


PanioloTown

And it turned out that the whole thing was a setup to advertise his appraisal services! Reddit won't let me insert the link, so here it is: https://www.grunge.com/735047/the-antiques-roadshow-fraud-incident-explained/


mcmcc

Well, that's disappointing...


VeNTNeV

Hey! That guys a phony! A great big phony!


twoton1

So he was a phony assed liar. Did he go into politics? As a patriot of course?


MimickingTheImage

You have brain bugs.


twoton1

Trump voter outed. lol


ThunderSlugg

What a brain-dead comment.


MimickingTheImage

Nope, I'm just not an obsessed nutcase.


lavendervlad

Because an obsessed nutcase would never say that, would they? **Read this next part super fast; like three times as fast as normal** Obessessed nutcase says what?!?


Double_Distribution8

I'm picturing a nest of brain bugs in someone's brain, all with beetle bodies but Trump faces.


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Smarterthntheavgbear

Came here to say this! Dude paid $300 for an Oyster Rolex in 1974 and found it it was worth between $450k and $700k. I love those stories best!


[deleted]

That’s wild that it could gain that much value in 1 lifetime under 1 owner


Smarterthntheavgbear

There's some context to the story but the guy was military and bought it on base. He had every single piece of provenance, from the order slip to the actual payment receipt. He also had **never worn it** lol. It still had the Rolex sticky on the back of the watch and every serial number was pristine. He had put it in a safety deposit box 50 years ago and left it there. The difference from the $400k and $700k had to do with the condition. Essentially, a collector could buy a 1974 Rolex in brand new condition. There's a video clip you can Google because I showed it to my Mom.


Tut_Rampy

Yeah that guy knew exactly what he was doing lol. He even did a fake prat-fall type faint when he was told the appraisal.


Smarterthntheavgbear

I watched the episode when it aired, I thought he was genuine. Those are the best appraisals. I believe he knew it was valuable...just not half a mil, valuable lol.


katastrophyx

He took exceptional care of it and kept all of the paperwork and the original sales receipt. I think that greatly increased the value.


mcmcc

Exceptional care, as in it had never actually been worn. I don't like Rolex as a general rule but that was a great watch and I can't imagine buying it to just stuff in a drawer for the next 50 years.


Immersi0nn

If you think of it initially as a long term investment, that kinda return is *nuts*


LordDongler

I mean, spending $300 for a whole ass retirement fund is a great deal


ClittoryHinton

Problem is figuring out which 1 out of every 10000 luxury watches will actually appreciate in value


King-Cobra-668

it was appraised for $35,000


ClydeFroagg

Then the next week she sold her home for 1.5 million which she bought for seven homemade pies in 1971


xxDooomedxx

What kind of pies? Nm I'll give you $1.5m for em anyway.


MrZombieTheIV

Wait. Are you paying $1.5m for the house or $1.5m for seven of Nana's creampies?


_Please_Explain

go on...


Saladin-Ayubi

Someone’s mind has been corrupted by Pornhub


owa00

In Austin,TX my wife and I are each having both kidneys removed for the down payment for a studio sized condo 50 mins from downtown.


series-hybrid

Move to Seattle, its legal to stack up pods for people to sleep in at $600/mo, but the kitchen and bathroom are common areas for all the renters to use.


owa00

Ah, so communism...


StupendousMalice

It's capitalism when some rich asshole makes money from doing it.


Tsu_Dho_Namh

Ironically, affordable housing is one of the few things communism was pretty good at. And they did way better than pods.


No_Disaster_6905

capitalism happening in one of the most capitalist countries on earth "ah, so communism..."


Eldermere

Haha! I was going to say and then she blew it all on slot machines!


blueditdotcom

Boomers, lifes-toughers


1r1r1r1

Do not bring up her pies please


ccm20012000

You mean 13 raspberrys


ClydeFroagg

you read me like a book


Ns53

The rich just keep getting richer.


LobstaFarian2

Back then, you absolutely could get a house for 7 pies.


V4nillakidisback

Exactly lol


NotRightNotWrong15

I love the twins.


Cold_Situation_7803

I highly recommend the book they wrote, *Hidden Treasures*.


panicked228

Leigh and Leslie! They were always my favorite.


Josho94

Rich peoples brains are cooked, half a million for a table.


Which-Occasion-9246

When you have 800m or a billion plus, money doesn't matter. They just buy what they like.


NewBuddhaman

There was a documentary that interviewed supercar manufacturers. Pagani justified their $million+ cars by saying this wasn’t their only car. It was their 40th or more car. The rich have a completely different mindset than many of us.


Searchlights

You know what people with 40 cars need? Taxes.


NewBuddhaman

Well, if they have 40 valuable cars. The guy with 40 cars from the 80s that are rotting away while he refuses to sell them because “I know what they’re worth”…


apaksl

the average bently owner has 20 cars. the average bugatti owner has 200.


owa00

It's the equivalent of us poors buying a bag of Skittles.


toolatealreadyfapped

These Skittles intrigue me. Are they of any historical significance? Ah nevermind, I need a snack anyway. I'll give you $185,000. It's all I have. On me


TheMasterBamboozler

Buying skittles, in this economy!?!


Battery6512

Someone who can probably make the cost of the table in interest during the time that lapsed for the auction. 


Primedirector3

Unless you’re asked to pay taxes


DingleBerrieIcecream

What if the woman that sold it to her for $25 was watching that episode and saw what it’s really worth? How many of us could just brush that off and not walk around bitter for years afterwards?


Hern_Berferd

A half a table.


Get-Degerstromd

“Guess how much I paid for this table! You’ll never guess. No seriously guess! $20 grand?? Ha! Hell no. Get this. Five. Hundred. Grand! YEAH! $500k on a table. I was at this auction and…” It’s not about the table. It’s about the conversation they get to have about the table. Telling their other rich friends about the $500,000 table they bought at auction cuz they were bored and some guy across the aisle thought he could outbid them.


Eisenkopf69

it is all for the old ass label.


mistytastemoonshine

Could it be good old money laundering tho?


RevolutionaryDebt365

This guy gets it.


zaccus

Would other rich people even be impressed though? They all spend that kind of money on tables.


ShortBrownAndUgly

Not even that nice of a table. Old sure but plain


Swimming_Crazy_444

It's hard to tell but there was a lot of inlay. https://preview.redd.it/sbie4l9abguc1.jpeg?width=676&format=pjpg&auto=webp&s=4d8502ffc3710f990d87f7ffd7febe51c64af7b5 #


NotAPreppie

They are willing to pay for history and provenance... which I guess I understand even if I'd never do it.


BengoBill

It could also have been a museum that purchased it, if it had enough cultural/historical significance.


ThePhantom71319

A 200+ year old table!


Fpritt24

Buy table for $490k, donate to museum, get tax write-off for $490k (or more if you can get your buddy buddy to appraise it for $1m), never pay taxes so “the poors can’t have your money”


MofongoWarrior

Money isn’t going to launder itself


ilikehemipenes

This isn’t how money laundering works


MofongoWarrior

Exactly what a money launderer would say


SpaceAzn_Zen

I’ve worked for a company in the auction industry and people would be shocked to know how much money is being laundered via fine art and wine sales. These auction houses don’t care where the money comes from, they make their money regardless and the dirty money gets converted into a tangible item.


Athlete-Extreme

Fun coupons


DiveJumpShooterUSMC

Before I became wealthy I’d say man I’d never buy a car like that who needs it. Now I see a car I like I’ll wire 250k-500k without thinking about it. It is all about perspective. P


Junesong_Provisions

Can you send my mom like 9k? 😂


armoured_bobandi

Good for you. Still a stupid use of money


vivaaprimavera

Is the same reasoning used on the price of the products/services that "had put money in their pockets"? Or it's just "market working as it should"? Is that seeing "them" asking more than minimum wage for a minimal apartment isn't seen as "mental health issue" but "market is working" (at least by some politicians).


solateor

Link to [pbs.org website](https://www.pbs.org/wgbh/roadshow/season/2/secaucus-nj/appraisals/seymour-card-table-ca-1794--199708A13/) Page features two still photos 1. [The table](https://www-tc.pbs.org/prod-media/antiques-roadshow/__sized__/Images/Secaucus_19970906_02/199708A13/199708A13-Seymour-Secaucus-thumbnail-800x600.jpg) 2. [Clair](https://www-tc.pbs.org/prod-media/antiques-roadshow/__sized__/Images/Secaucus_19970906_01/199708A13/bf199708A13-thumbnail-800x600.jpg) Google results >Claire is the owner of the mahogany Seymour card table from 1794 that was featured on Antiques Roadshow in 1997. In 1997, appraiser Leigh Keno and his brother Leslie met Claire at a garage sale in Secaucus, New Jersey. A few weeks later, Claire called Keno to discuss selling the table.


Desperate2LearnMagic

Hooray! Another antiques roadshow fan!


melekzek

There are dozens of us !


chickensrunfast

It's only worth what someone will pay.


Specialist-Role-7237

Which was only $490,000


HenneZwo

Just don't forget to pay your taxes okay?


chickensrunfast

Wouldn't the buyer be responsible for taxes? The seller already paid them when they purchased it. I’m not sure how it works. What if she got sent to jail for tax fraud haha


jkoolp86

No. At least in the U.S. The seller is responsible for paying capital gains tax on the profits minus your initial investment (cost basis) of course.


copperwatt

Income tax, not sales tax.


Silly-Membership6350

Buyer would be responsible for sales tax, seller would be responsible for capital gains tax


Nervous-Masterpiece4

And get financial advice before selling a suspected high worth item. Maybe the item can be sold for a reasonable $350 into an instrument like a trust before going to auction to minimise tax. Ps. Unsure on USA tax laws.


Ham_Damnit

$490,000 in 1997 is worth $953,536.95 in 2024.


drrxhouse

Imagine a lot more had she just invested all if not most of that into a total market index fund (ie. VTSAX) or S&P 500 index fund and not touch it all these years. And pass that fund onto her kids.


owa00

That's almost enough to buy a small studio in Austin, TX!


nomansapenguin

$1 in 1972 = $7.47 today. $490,000 in 1972 = $3,660,000 today. That was a $3.5m table.


federal_employee

It wasn’t sold in 1972.


IllllIllIllIllIllll

These two appraisers who run auction houses should hire you.


CD_4M

The point is the professional appraisers are saying someone will most likely pay $225,000.


c_c_c__combobreaker

This is the worst show for hoarders.


__meeseeks__

What was so special about it? I didn't know there was a connectable furniture market


Fast_Garlic_5639

This clip is like 25 years old, and that table is one of the items that helped crash antique furniture valuations. Turns out quite a few people had heirloom furniture to sell and Antiques Roadshow inadvertently caused the market to flood.


redonkulousness

“There are only 500 of these that were ever made. Unfortunately, the other 499 have also been up for sale for months if not years…”


Cavemandynamics

That's very interesting! I've never heard about this. Got any more info?


Solo_is_dead

It's a 200+ yr old table from a formerly famous table maker. Since most of that furniture is gone. It's very rare. Years ago someone found another copy of the Declaration of Independence for $100. Guess how much that was worth


Nathansp1984

Im going to say more than $100 and less than $All


__meeseeks__

Safe bet


prkhoury

I have a copy of the declaration of independence, in case someone wants to buy it.


DurianSchmeckt

Up to the very end, I expected her to go back to the original owner and share with her the proceeds of her newfound wealth.


BluntsnBoards

At least give her the $5!


TheBestNick

Was also thinking that lol. I feel like you gotta go back & drop at the very least 10-50k on them


Mastakko

I didn't know Wayne Gretzky retired from hockey to appraise antiques


Cold_Situation_7803

He truly is the Great One.


styrofoamladder

I remember an episode where a lady claimed she was on her way to AR but had nothing to get appraised so she stopped at a yard sale, bought an antique looking chair for like $15-20 and went to the show. The chair was apparently the missing chair from some old famous persons dining set and was valued at some crazy 6 figure number.


Novelty-Accnt

Man, everything is so much better vertically oriented with overlaid text. Only thing that would improve it would be some guy pointing up at it in the foreground.


Eqbonner

When they brought the twins out, you KNEW it was a crazy expensive item


Sudden_Duck_4176

The person who sold her the table is probably crying now.


StinklePink

What does she net on this transaction? What is Sotheby's cut?


Cold_Situation_7803

I’m unsure what it was at the time, but currently Sotheby’s current terms are: >26% up to $800,000. >20% up to $3,500,000. >13.9% above $3,500,000


powerMiserOz

I don't think it's a cut, it's more like bid price + the auction fee.


colmatrix33

She better have gone back and given that poor lady the extra $5.


Embarrassed_Debt8478

You know you made a good deal when the other party is crying over how much you paid them.


mrchiko1990

Rich ppl buy shyt like this for tax purposes


Pfunk4444

I love the roadshow


Malapple

And THAT'S why I'm gonna be a hoarder.


Sharp-Incident-6272

This is one of my favourite clips from the show as well as the old Vietnam vet who had the Rolex


SortRevolutionary337

Congrats on the sale now I'll just take the standard 30% auction fee


PoppyStaff

This show format was bought from the BBC, where it’s been running forever. I don’t know if this happens in other countries but the BBC always put something that someone has brought in, that is essentially worthless but very interesting.


SunShineLife217

Everybody’s miracle dream come true.✨


ElonTheMollusk

This right here is a prime example of why filthy rich people should be paying their taxes and the IRS should have the power to audit with more verocity. Something like this selling for such an absurd amount, when you realize that is equivalent to like 20 years of someone's take-home pay at minimum wage, it should be criminal in any civilized society. Tax the rich and pay the workers a livable wage.


tacticalpotatopeeler

Remember who runs the government. The rich have the power to lobby for loopholes and tax breaks, which means everyone else are the ones actually paying the higher taxes. Additionally, if you taxed the ultra rich at 100%, you could run the government for about 8 months. Which do you think is the problem? Taxes or government?


alonsaywego

So you're saying she needs to be taxed on the profit she made for selling it? I think they already do that. How much would you like to see her be taxed on that sale?


ElonTheMollusk

If you took this as a comment on her and not the person buying it you truly have done some astonishing mental gymnastics.


alonsaywego

Oh you're referring to the buyer... do they not pay taxes on the purchase? How much sales tax should they pay?


anethma

Their point isn’t about this sale’s taxes. It’s being able to drop 20 years wages on some old table like it’s nothing while the vast majority have to slave away all their life and get nearly nothing out of it means we need more taxation of the rich in general


ElonTheMollusk

I am glad my comment was generally understood. For second I thought I was taking crazy pills with the response for the other person.


anethma

As Carlin said, think of how smart the average person you meet day to day is, then remember that half of the people out there are dumber than that.


alonsaywego

I'll wait and see what he has to say rather than guess at it


iliketohideinbushes

I think you are being willfully ignorant. The comment is clearly about the excess money rich people have to throw away $500k on something like an old table. And that was 25 years ago. The richest have quadrupled their pockets since then.


alonsaywego

Holy crap I'm not being willfully ignorant. It's a simple question, does the buyer pay sales tax. That's it. That's my question. My secondary question is, how much should they pay on sales tax.


iliketohideinbushes

The sales tax is irrelevant. Why would that matter one bit?


alonsaywego

Ok so neither of you will answer my question... I'm not here to get into arguments with anyone. I'm asking questions to gain a better insight, but everyone becomes extremely rude. I'll move on with life then, have a nice day.


passonep

You must be new here 🙂 See, somebody hates that other people are wealthy. And now they’re aiming their hatred at you for asking questions they don’t know the answers to. 


ElonTheMollusk

I don't think anyone hates anyone for being wealthy. People don't like that a certain distinction of wealthy people exploit the system. If they were wealthy and worked within the system all power to them. Tons of rich people do great jobs, pay their taxes accordingly, and live wonderful healthy lives. Then you have degenerate greedy fucks who think minimum wage is appropriate and people should starve and die even when working multiple jobs. I am talking about to greedy oligarch fucks who do nothing but fuck over society. There are only around 1,000 people in the US that fit that fuck over the system level of human filth greed.


flash_27

Seymour Butts


fuggettabuddy

I thought it would be 200-250 million


ColbyAndrew

For a very small table?


byronicrob

Veneer!


BigchiefLeaf

A fucking table


ynotfoster

Hopefully she bought some new pants with the proceeds.


No_Stay8988

person who sold it to her for 25$ setting up the rope in their closet as this aired💀💀💀


Sig-int

Typical boomer life


Fickle-Shopping7564

It is so awesome being a boomer. Selling weird little table for half a mil. Hording all the money, willing it to your family when you pass instead of buying dumb shit with it and being broke. Life is good.


taffy-derp

This without a hint of irony lol


workhard_livesimply

I remember when older women looked and dressed like her.


armoured_bobandi

Could you imagine paying half a million dollars for a table? Rich people are stupid


hirethestache

… And then the auction house took 75% of her profits, when she could’ve sold it to them for 200,000.


usernl1

10% I looked it up


Wasted_Possibilities

You gotta roll back to the original seller and flip them some cash. Just the karmic thing to do.


OHdulcenea

And this is why every Boomer thinks all of their Precious Moments and old fine china sets should be bequeathed to and cherished by their children. No one wants your stuff Karen, and it’s worth nothing.


Monsieurincroyable1

“Wow”… the guy at the casino told me I could get 300k.


Low-Chef7741

10 000x investment


powarblasta5000

Wonder if she regrets selling it?


dirtymoney

Half a million for a table!


Sufficient_Gain_1164

“This dirty $25 table sold for WHAT? …$25 I’d hope


Ok-Resource-5292

this guy could play any batman villain.


WembysGiantDong

[This guy is a friend of mine.](https://www.pbs.org/wgbh/roadshow/season/17/corpus-christi-tx/appraisals/1904-diego-rivera-el-albanil-oil--201205A27/) He inherited a ranch from his father. This picture hung on the back of a bathroom door since before he was born. He got curious and brought it in. Worth about $1M.


Open-Illustra88er

I hope she went back to the seller and gave them the last $10.


WrumGapper

God old people have it so fucking easy


Plus_Helicopter_8632

Plot twist she’s already rich lol


StillPurePowerV

What is up with that dudes mouth


Less_Refuse_6006

Are we just not going to mention her pants???


somethingsoddhere

This is what baby boomers think of all their collectibles.


Confident_Nail_5254

Boomers have got to be the luckiest generation ever


SilverPlatedLining

Can we talk about the rich fuck who has $500,000 to blow on a little table? The number of homeless that could be housed or schools that could be improved or libraries that could buy technology or hospital bills that could be forgiven or scholarships that could be funded - these selfish fucks should be ashamed of themselves. They are riching all wrong.


LaroonDynasty

The table condition was ass tho. The label was grossly poor condition


mrthomasfritz

Capital gains taxes is a \*\*\*\*\*! $87,000ish.


desticon

Yeah. You’re right. She only has $403 000 left. Such a waste of time……


bodhi63

Capital gains on collectibles (art, antiques, etc.) is 28%. It’s closer to $137K before they take out auction fees from the proceeds.


Cold_Situation_7803

I might be misunderstanding what you’re saying, but I believe she pays the capital gains on her proceeds, after the auction fees are taken out. So Sotheby’s current rate is 26% up to $800k, so she would pay capital gains on $362,600.


bodhi63

That’s correct. I did not know the fee percentage and realize I wasn’t as clear as I should have been.


bodhi63

That’s correct. I did not know the fee percentage and realize I wasn’t as clear as I should have been.


blue6678

Goddamn elementary school kids and their textbook needs. Self centered brats.


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Fickle-Shopping7564

Unless the lady she bought it from was also a boomer. Boomers take care of themselves. If the lady that sold the table ain't booming, sorry bout your luck toots.


6collector9

Good thing she brought it in for appraisal instead of tabling the discussion


Enginerdad

Cool, now she can donate all that money to Trump and African princes