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Rare Books, Historical Documents and Taxation of Collectibles

Partners' Network Blog

This past week I spent an enjoyable evening flipping through and reading three publications: Fine Books & Collections magazine, Cohasco, Inc. auction catalog and a Heritage Auctions tax booklet.

The Fine Books magazine is published quarterly for rare book and map collectors. I do not really collect either, but I enjoy reading the magazine, looking at the pictures and learning about the history behind many of the magazine’s subjects. Subscriptions for a year are $19.98 and its web site is www.finebooksmagazine.com where you can also peruse additional information.

Cohasco, Inc. seems to issue an auction catalog once a year and I just received its latest one. The 150-page catalog is categorized into twenty-nine fields and each lot is described with unbelievably interesting details. The topics of the historical documents being auctioned include Americana, Black History, Colonial & Revolutionary War, Entertainment, Financial, Medical, Music, Sports and Supreme Court & Legal and are a fountain of knowledge. Really interesting. The catalog is only $10.00 from Cohasco, Inc., Postal 821, Yonkers, NY 10702 and the auction closes September 24. If you have any interest in these type of topics, the catalog is a real treat.

The Collectors’ Handbook: Tax Planning, Strategy and Estate Advice for Collectors and Their Heirs available from Heritage Auctions can be downloaded for free or you can purchase a hard copy for $14.99 at www.ha.com. The website contains a wealth of information about collectibles in addition to descriptions of company services. I have a hard copy and interspersed between the informative chapters are photos of some of the many gems they conduct auctions for. The range of their expertise covers sports collectibles, currency, coins, entertainment and music memorabilia, movie posters, comic books, fine art, decorative art, jewelry & timepieces, rare books, maps, autographs and historical documents and many more.

All three publications will provide excellent reading pleasure if you have wide and varied interests. Hopefully, you will enjoy them as much as I did.

Do not hesitate to contact me with any business or financial questions at emendlowitz@withum.com or fill out the form below.

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