1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

$$$$$ NEW K-80 TRAP SPECIAL AUCTION $$$$$

Discussion in 'Shooting Related Threads' started by Pride Engineer, May 18, 2011.

Thread Status:
Not open for further replies.
  1. Pride Engineer

    Pride Engineer Member

    Joined:
    Sep 14, 2008
    Messages:
    804
    The Minnesota Trap Shooting Association will be auctioning a brand new K-80 Trap Special that was made available through the generosity of Dieter Krieghoff to benefit our youth shooting fund. Three years ago, our youth fund sponsored the first Minnesota State high school championship shoot. Eight schools and 143 kids participated in this shoot. Last year there were thirteen schools and 243 kids. This year we are expecting thirty schools and over 600 kids. Next year we anticipate the shoot to double in size again! We cover the cost of trophies, targets and the gun club covers lunch for the kids. The high school youth shooting league has grown along with the state shoot and will soon be the largest in the country.

    The gun is a combo Trap Special with the buyer able to select the barrels from any combination of barrels made for the Trap Special. Want 30" over and unders instead of the 32", they are yours. Want the top single instead of the unsingle, it's yours. Gun will be complete with choke tubes and the Krieghoff hard case. Now the good news, because we have recieved this donation via a C3 non-profit organization, a large part of the purchase cost of this gun will be TAX DEDUCTIBLE!!!

    The profits generated from the sale of this state of the art gun will go 100% to our youth fund. All youth fund dollars are spent 100% on youth activities in the State of Minnesota. The auction will be held during our awards banquet at this years state shoot on Friday evening, July 8th. You do not have to be present to bid. We will be accepting phone bids for this gun. Each bidder will have their own phone contact at the auction to keep them informed of the bidding progress and submit their bids for them. Please contact Mark Zauhar at 612-325-5678 or MarkZ@Pride-Eng.com to register to make your phone in bids.

    Help grow our sport, own a Krieghoff Trap Special configured the way you want it, and get a tax deduction in the process. Does it get any better then that???
     
  2. pdq

    pdq Member

    Joined:
    Aug 24, 2006
    Messages:
    934
    Mark:

    Have you confirmed with a tax accountant that "a large part" of the purchase price is tax deductible?

    Typically, if you pay $X and receive something of value (ex: an expensive K-80) it is not the same as giving $10,000 to the American Cancer Society where the only thing you get back is a cancelled check, and little if anything is tax deductible.

    I'm not trying to throw a wet blanket on things, as this is a tremendous thing to be doing, but it would be good to confirm things.

    Pete
     
  3. handlepuller

    handlepuller Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    1,554
    Location:
    St. Augusta, MN
    I would be 100% willing to bet that Mark has his bases covered as regards that statement.
     
  4. NMULTRARUNNER55

    NMULTRARUNNER55 Member

    Joined:
    Apr 10, 2011
    Messages:
    425
    It's a great deal and wonderful that Krieghoff donated the gun.

    I think the only amount that will be eligible for a tax deduction for the auction winner will be any amount over the fair value of the gun (suggested retail probably). The buyer would also need to be someone that is able to itemize their deductions anyway. Of course, Krieghoff can take a deduction for the donation, rightfully so.

    Steve
     
  5. Hitapair

    Hitapair Active Member

    Joined:
    Jan 29, 1998
    Messages:
    2,345
    Mark has his bases covered because he's prepared to bid 3 times what the gun's fair value is and that will result in a large part of the winning bid being tax deductible. LOL
     
  6. Pride Engineer

    Pride Engineer Member

    Joined:
    Sep 14, 2008
    Messages:
    804
    The C3 will give you a receipt for the purchase which will list the amount you paid over the amount paid by the C3. It is the difference that it is my understanding can be claimed as a deduction. I or the non-profit C3 make no warreties concerning this deduction. Each buyer is responsible for determining if this deduction is correct for their tax situation.

    Since we won't know the amount until we know the sale price, I can't tell you the amount of difference. I will say that the gun was made available to us by Krieghoff for significantly less then dealer cost. In fairness to Krieghoff, I won't share what we contributed to make this gun available. The buyer will receive a donation reciept from the C3 after the purchase.

    I do want to say this is the best of causes to donate to. One hundred percent of the monies made for our youth fund go to the kids. There are no "expenses" paid to any of us who gather, promote, and sell the items. The high school program is growing like a litter of rabbits and will provide a future source of club shooters, league shooters as well as registered shooters. They will also become adults who will likely be future progun voters, a fact that makes this donation even more significant.

    Dieter has already made his position known on our charity by his very generous donation, if anyone out there wants a new Trap Special, this is the time to buy it. Anyone looking to own maybe the finest competition firearm available, why not buy it here and help the youth program continue to grow.

    I want to add that Hitapair is maybe a bit off in his estimate of what I may or may not pay for the gun. Besides, I already own my share of Trap Specials.

    Mark Zauhar
     
  7. Primedust

    Primedust TS Member

    Joined:
    Jun 7, 2006
    Messages:
    472
    Mark,
    Can you tell us anything about the gun, Stock type- Monti Carlo or Non Monti Carlo, Engraving package standard or gold inlay, type of trigger- is pull or release available, type of rib. How about an idea on the standard retail price so folks will know where to begin bidding at? Picture?

    Primedust
     
  8. vpr80

    vpr80 Active Member

    Joined:
    Aug 25, 2009
    Messages:
    1,636
    <I>Since we won't know the amount until we know the sale price, I can't tell you the amount of difference. I will say that the gun was made available to us by Krieghoff for significantly less then dealer cost. In fairness to Krieghoff, I won't share what we contributed to make this gun available.</I>

    Not really sure how "fairness" plays any part in this. Since the tax deduction on this item is pretty significant given the cost, the bidders should know what the tax cost basis it to determine their own deduction and bid amount. Call it $18K for the bid amount, whether you got it for $15K or $5K makes a BIG difference!
     
  9. The Literalist

    The Literalist Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    1,871
    Location:
    Minnesota
    Hitapair: You can bet that if Mark buys it...he'll order it with a pink stock and an engraved picture of Richard Simmons on the receiver.
     
  10. Ithaca$$$Grade

    Ithaca$$$Grade Active Member

    Joined:
    Jan 29, 1998
    Messages:
    828
    Denny, why would he want another one like that????

    Great job in getting this gun for the Youth auction Mark. The energizer bunny keeps going.........

    Hopefully we can have at least an example of the gun to show the participants and their Mom's, Dad's and relatives at the High School Championship in June.
     
  11. Hitapair

    Hitapair Active Member

    Joined:
    Jan 29, 1998
    Messages:
    2,345
    Good one, Denny. You think it will be only 1 picture?
     
  12. 870

    870 Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    2,390
    The tax issue will be a charitable deduction if you can show that you paid more to the charity than the item you received in return was worth. If you pay more than the value of a NIB gun, you may be entitled to a deduction for the excess. It has nothing to do with anyone's "cost", there is no "tax cost" that carries over to the buyer. Obviously the value will be in a range and would be less than retail, maybe even less than dealer cost, depends on what NIB guns go for.
     
  13. Pride Engineer

    Pride Engineer Member

    Joined:
    Sep 14, 2008
    Messages:
    804
    Primedust, the gun will be a standard K-80 with pull triggers. Retail is $17,495. Krieghoff does offer two rib styles. The standard Trap Special and the Pro-Rib Trap Special. The Pro-Rib allows for a higher patterning gun with the classic figure 8 sight picture. Either rib style can be specified by the buyer just as the barrels can be selected. Krieghoff also has different stock shapes available. The Buyer will be able to select the standard Krieghoff stock they want. They will have to specify which stock they select. Stock selection can be viewed on the Krieghoff website. Any questions about the gun can likely be answered from there as well. If not, email me at MarkZ@Pride-Eng.com.
     
  14. Pride Engineer

    Pride Engineer Member

    Joined:
    Sep 14, 2008
    Messages:
    804
    Lit, you just don't seem to want to go away. You left Minnesota because you couldn't win an event. Now that you've moved to Missouri and can't even get your butt into the car and to a shoot, you spend your time here on Trapshooters babbling. If you were a serious shooter, you would put your model 12 and your model 1100 up for sale, take the first offer you get and put the money towards this Krieghoff. Of course, then you would have no excuses not to shoot good other then maybe you are a "shooting has been" hiding in the Ozarks.

    The auction is July 8th. I'll be there running the auction and my good friend Dave Dressler will again be donating his time as the auctioneer. I'll tell him to give you plenty of time to make your bids as I'm sure your dementia has progressed since I last saw you.

    By the way, saw your boyfriend Big Dan, he says to say hi.
     
  15. Primedust

    Primedust TS Member

    Joined:
    Jun 7, 2006
    Messages:
    472
    Thanks for the information Mark!

    Primedust
     
  16. CalamitySJ

    CalamitySJ Member

    Joined:
    Oct 30, 2008
    Messages:
    650
    Coach,

    Don't look now but Baby Boy has it in his head that, at 6'4", he has outgrown his current gun and, it being graduation and all, this should be our present to him. What HAVE you been telling that kid?

    Calamity
     
  17. sle081

    sle081 Member

    Joined:
    Jan 29, 1998
    Messages:
    256
    Way to go Mark!!! that should make for a very interesting auction!!!
    DOG
     
  18. Pride Engineer

    Pride Engineer Member

    Joined:
    Sep 14, 2008
    Messages:
    804
    Calamity, this gun was built for long necked shooters. Sounds like the kid is pretty smart. Make sure he comes to the auction and "helps" you bid on it. I'll have Lindsay throw in an original artwork for free to go with it.
     
  19. sle081

    sle081 Member

    Joined:
    Jan 29, 1998
    Messages:
    256
    Who knows maybe this will be enough to get the famous Piddler to start digging up those welded heavy steel containers he has been burying in hidden places all these years!!!
    DOG
     
  20. Pride Engineer

    Pride Engineer Member

    Joined:
    Sep 14, 2008
    Messages:
    804
    Maybe Big Dog. But let's not push him too hard. If he were to buy the Krieghoff, he would probably start shooting better and then we would have to deal with barking rather then whinning. Heck, we might even have to change his moniker. Let's see, I'll have to think about that.
     
Thread Status:
Not open for further replies.