Buried Treasure at POTR

[tmossman]

Without knowing what is planned for this years MARF, previous MARFs included food and drink all day long (basically breakfast, lunch, and dinner), free run of the shop, repair services, and access to 100+ Rics. Last years event included a rental hall, a catered dinner, open bar (I might be wrong on this point) and a performance from Kenny and others. This was provided with no cover charge requested or implied. To my knowledge no other dealer steps up to these events like Chris and Shelby do.

$100 seems cheap to me if it also includes a chance to win an instrument as well. Just my 2¢

[cjj]

+1!

And when I said that spending $100 and not winning was not so hot, I did not, in any way mean to imply that it was a total waste of money. In fact, I'm considering buying a ticket even though I won't be attending, don't have any use for a 325, and don't particularly care for the 4001c64s model...

[casinoman]

In fact, I'm considering buying a ticket even though I won't be attending, don't have any use for a 325, and don't particularly care for the 4001c64s model...

same for me, and still: I bought a ticket, apparently the first and only one so far. If it stays like this, I guess I will win all 3 prices, right?

[chronictown]

I'm buying a ticket if only to support POTR and return Chris + Shelby's generosity and hospitality; I have no illusions about winning anything . I look at it as a kind of indirect cover charge for two otherwise free MARFs (and for crashing the place back in June to sell my 360/12CW ).

[stringsncords]

......And a beautiful 360/12 CW it is, Chris!

The MARF events are absolutely worth an admission charge - I've never been to anything quite like the last one. Superb.
A full day of networking with Rick owners, beautiful displays of awesome guitars, food & drink, and a banquet and jam session at night will cure even the most severe symptoms of Rickaholism!

Having the raffle is a great idea, and as the date gets closer, I think the tickets are really going to fly. Chris and Shelby are wonderful, caring hosts, and it's a pleasure to deal with them; this will be a great, not-to-be-missed event for all Rick afficionados.

Bob

[sped55miles]

Now thats a find for sure, Its old but available.

[simer4001]

I hope Chris checked Raffle laws in the State of New Jersey. Interstate laws would apply if he sells these tickets to out of state people. Federal laws apply if he sells them through the US Mail. Taxes apply to the winner.

It isn't that easy to just set up a raffle. Especially if the jurisdiction has Lottery Commissions.

[chronictown]

I wonder how the winner of the JL would be taxed? I'm assuming it would be based on the value of the instrument, but in this case there is added value that would be difficult to quantify.

[RS812]

I hope Chris checked Raffle laws in the State of New Jersey. Interstate laws would apply if he sells these tickets to out of state people. Federal laws apply if he sells them through the US Mail. Taxes apply to the winner.

It isn't that easy to just set up a raffle. Especially if the jurisdiction has Lottery Commissions.

I don't know the laws in nj, but in Ohio this would be an illegal game of chance unless related to some not for profit purpose.

Ditto on the federal aspects if the us postal service is involved. Definitely would involve Feds and interstate commerce.

[RS812]

If this wasn't the case nobody would ever work. They would just have a raffle once a year or whenever their funds got low.

[electrofaro]

If this wasn't the case nobody would ever work. They would just have a raffle once a year or whenever their funds got low.

Which is nonsense, as close to nobody would have anything of value to raffle, you know.

I do hope everything's checked and legal, though.

[stringsncords]

I just don't understand this.

MARF is a relatively small event on the global scale of things; an event for Rickenbacker enthusiasts to get together, enjoy each other's company, and share our good fortune of owning these wonderful instruments. The fact that there are prizes to be had for a $100 donation which helps to offset some of the costs that POTR is incurring by hosting such an event - FOR US! - should be cause for celebration, not scrutiny over legalities. Chris does not have to host MARF at all; he's a generous guy and a superb dealer, and in my opinion, this is all good. I don't think that it's necessary or proper to mention lottery commissions, federal and interstate laws, and the like; this is a private function with wonderful benefits for those who attend, whether you purchase a "lottery ticket" or not.

MARF is a FREE EVENT becuase of Chris and Shelby's generosity.

Participation in the prize drawing is NOT MANDATORY.

Just my opinion, but I don't think that Uncle Sam needs to know about it.

[simer4001]

Bob,

I am not scutinizing anyone. I am merely pointing out the law. I won't be attending MARF so if I purchase a ticket it is subject to applicable laws. Whether you agree with the law or not is irrelevant. Private function or not is irrelevant. Free function or not is irrelevant. No Purchase Necessary is irrelevant. The law obviously doesn't make sense to you, but I am telling you that ignorance of the law is no excuse. The law doesn't always make sense, its just the law. And if you like Chris as much as you say you do, you would be concerned that this raffle doesn't violate any laws.

I have nothing agaiost Chris. I have purchased three instrments from him and he is a great person to deal with. I would hate to see him get in any trouble. I am hoping he has done his due diligence and everything is squared away.

[RS812]

If this wasn't the case nobody would ever work. They would just have a raffle once a year or whenever their funds got low.

Which is nonsense, as close to nobody would have anything of value to raffle, you know.

I do hope everything's checked and legal, though.

I don't know if I would agree with that assertion. You can't throw a rock without some group raffling a harley for charity. The profit is phenomenal. You buy the bike for $8000 (sportster) and sell 500 tickets at $100 a piece = $50,000 income
That's a $42,000 profit less the cost of printing tickets. If this wasn't limited to charitable purposes, what would prevent a person from doing raffles for a living? It is state law, however, that regulates such things as gambling. The Feds don't really give a darn as long as they get their cut in the form of taxes.

Just look at the potr deal: 200 tickets x $100 per ticket = $20,000 income. What are those guitars worth on their best day on the market, even taking into consideration the jl status? I'll a bet it's a lot less than $20,000. Huge profit.



Ryan

[RS812]

I just don't understand this.

MARF is a relatively small event on the global scale of things; an event for Rickenbacker enthusiasts to get together, enjoy each other's company, and share our good fortune of owning these wonderful instruments. The fact that there are prizes to be had for a $100 donation which helps to offset some of the costs that POTR is incurring by hosting such an event - FOR US! - should be cause for celebration, not scrutiny over legalities. Chris does not have to host MARF at all; he's a generous guy and a superb dealer, and in my opinion, this is all good. I don't think that it's necessary or proper to mention lottery commissions, federal and interstate laws, and the like; this is a private function with wonderful benefits for those who attend, whether you purchase a "lottery ticket" or not.

MARF is a FREE EVENT becuase of Chris and Shelby's generosity.

Participation in the prize drawing is NOT MANDATORY.

Just my opinion, but I don't think that Uncle Sam needs to know about it.

I get where you are coming from, but this is plain and simple a "game of chance" I.e. Gambling. If nj state law doesn't allow it is illegal. As stated before, I don't know nj law, but in ohio this would be illegal if conducted by an individual or any organization without tax exempt status under the IRS code.

Ry