Cue collectors

[Fatboy]

Hi Fatboy,

Is what you said here

"I was speaking to a friend/cue dealer/collector who has perhaps $700,000 in cues, one thing thats nice is they are a bearer assett-no paper trail, so when you sell its tax free income. Its invisable $$$ because 99.999% of the people think cues all cost $29.00 at K-Mart. The fine art biz is the same for the real rich guys, is a Piccaso picture really worth $50,000,000? NEVER in a million years, the reason the fine art biz exists is its just a place to park excess $$$."

legal?

depends, if you claim the income and pay the tax its legal. I havent sold a cue for cash in 15 years, so i suppose I was a tax cheat back then, but i had no $$$ for the IRS to come get. Now days I claim all my income and pay the tax according to the tax code. I have to because I have way to much to lose.


do you pay income tax on the $$$ you win playing pool? it is income and should be declaired. thats what they pop alot of drug dealers on, if you buy a ket of blow break it down and sell it for a profit, that income is the same as trading hours for dollars in a regular job.

 

[Fatboy]

thoughts?????......

i wonder just how many cue collectors there are with $250,000 or more at todays real prices??? i'm guessing 75-100 all over the world. Thats a guess with no real factual basis, just thinking about it that range popped into my head.

Another thing, I wonder what the defination of a "Big" collector is?, its possible to have a fantastic collection of great custom cues for less than $10,000.


Its not a competition, for me at least I'm not trying to one up someone-I enjoy cues if I own them or not, I love to see my friends buy new cues. And look at the fantastic work the cue makers of today are creating.

I'm still a player first, cues area secondary interest within pool.

 

[SCCues]

I sold 9ballgod a Shick I bought when I first started playing pool in 1992...I bought it in atlanta and paid 900.00 for it. I sold it to him for 4700...he knows what I paid for it so its all good there....he paid for it with cash....when i buy my cues, i usually pay with my debit card..sometimes cash, but usually debit card

You made a nice profit on your Schick cue and I wish some of my deals had worked out that well. I've made a descent profit on a few cues that I got a good deal on and i've lost a little on others. I think overall i'm a little ahead on my cue buying and selling which makes my hobby more fun.

Custom pool cues are made of wood, different inlay materials, metal joint pins and joints on steel jointed cues, rubber bumpers, ferrule material, etc. and the difference in price is who put it all together. Cue makers are like car mechanics there are some that are a lot better than others at their trade. I do think some of the high prices for certain cues are low supply and that maker's cues being hyped on forums like this one causing some of the buyers who can afford to pay the high cue prices to want to own one of that makers cues just to say he has one. I don't mean to imply that the cues aren't excellent pieces of art or workmanship, but how many $7500 cues have you seen in a pool room running racks?

I've ventured into the 3K range for a cue a couple of times, but I found that I couldn't enjoy the cue as far as playing with it because of the cost. I ended up selling the cues in that price range and playing with something less expensive. I do own a new unplayed Paul Mottey cue that cost near 4K that i'm holding on to since Paul has retired and hoping maybe one day his cues will go up in value, but that's hard to predict. I like the cue a lot so if it doesn't make me a profit i've enjoyed owning it.

I used to wonder about this urge I have to buy and sell nice pool cues until I found out there are a lot a men (I haven't seen any women buying and selling cues yet) who have the same desire as I do to own nice cues.

James

 

[poohkiller]

As I hang out a lot here and at other sites as a spectator I have seen a few cues just wondering around, not many, you don't see 15k cues being flipped as often as 2-4 thousand cues... But still, I can tell cues' value most of the time and it is so much fun to see some making sales and others making fantastic acquisitions - I want the time real bad to come when I am buying those cues and making those acquisitions but for now it's fun just staring at the fantastic cues being shared here and at some other parts.

To me cues come first and than pool itself, I spend a whole lot more time looking at / reading about cues than playing the game and I don't see that changing soon...

Just today I was talking with someone about Samurai swords and that the true master makers learn the trade from a very young age with doing the most basic duties for years and just merely watching their mentor work... and only after several years would they be allowed to work on other parts of the cue and then my friend said that he wouldn't put up his entire life for doing one thing... I told him that I would, because I would be the very best in the world at what I was doing and this is what makes collectible cues so much more valuable than all the other 'limited series'. This is that 'magic' that interests me, a future collector (oh well, I'll just return to daydreaming )