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Bill Langs Passed Away

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Valued Member
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Posted 07/09/2020   2:13 pm  Show Profile Bookmark this topic Add Reedededge to your friends list Get a Link to this Message
I just got the sad news that Bill Langs passed away. I did not hear any details. Regardless of what you thought of Bill, I really hate losing someone from the hobby. My condolences go out to his family and loved ones.
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Posted 07/09/2020   2:45 pm  Show Profile Bookmark this reply Add Petert4522 to your friends list  Get a Link to this Reply
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Posted 07/09/2020   3:13 pm  Show Profile Bookmark this reply Add Resq352 to your friends list  Get a Link to this Reply
Bill was Bill - he never bothered me - may he rest in peace!
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Posted 07/09/2020   3:36 pm  Show Profile Bookmark this reply Add m and m to your friends list  Get a Link to this Reply
reedededge I agree with your statement and echo your thoughts for his family.
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Posted 07/09/2020   4:00 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply

From the SCF Community...



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Posted 07/09/2020   4:43 pm  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
Eventhough I wasn't a customer of his and I never did meet him, I couldn't help but admire the fact that he always had philatelic material that no one else had. I came across his listings many times while searching for research information.
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Edited by jogil - 07/09/2020 4:54 pm
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Posted 07/09/2020   5:36 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
I wonder what will become of his inventory.
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Posted 07/09/2020   6:01 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
I suspect it will be a while before anything happens. How much was actually owned, how much was on consignment and from whom, joint ownerships, unpaid auction inventory, etc,
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Posted 07/09/2020   8:11 pm  Show Profile Bookmark this reply Add jleb1979 to your friends list  Get a Link to this Reply
He did have a heck of an inventory.
I assume he lived in New Jersey where his business was located.
Stiff inheritance tax once things get sorted.
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Posted 07/09/2020   8:34 pm  Show Profile Bookmark this reply Add rwoodennickel to your friends list  Get a Link to this Reply
While I have never met Bill in person, I have purchased material and spoke with him in phone conversation. I found him professional and and sorry to hear of his passing. May he Rest in peace, and enjoy the fact that he had some awesome material at times.
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Thanks,
Robert
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Posted 07/09/2020   10:50 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
"I suspect it will be a while before anything happens. How much was actually owned, how much was on consignment and from whom, joint ownerships, unpaid auction inventory, etc,"
That understates how complicated things are.
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Posted 07/10/2020   12:02 am  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
Yeah... I'm guessing it will be a difficult knot to untangle, at least based on stories I've been told by numerous sources over the years as to how he worked with auction houses, consigners, etc.
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Posted 07/10/2020   06:29 am  Show Profile Bookmark this reply Add angore to your friends list  Get a Link to this Reply
I had purchased items from him for a brief period but when he changed his policy on refunds for expertising fees (had to be $100+ item) I went elsewhere. He seemed to have some special relationship with Stu Katz.
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Al
Edited by angore - 07/10/2020 06:30 am
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Posted 07/10/2020   07:02 am  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
"I suspect it will be a while before anything happens. How much was actually owned, how much was on consignment and from whom, joint ownerships, unpaid auction inventory, etc,"

"That understates how complicated things are".

I have no doubt that is true, I was just pointing out that it WILL be complicated.
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Posted 07/10/2020   07:53 am  Show Profile Bookmark this reply Add DV75 to your friends list  Get a Link to this Reply
"Stiff inheritance tax once things get sorted."

If he was married (I have no idea) his spouse inherits his estate tax free. If he had a spouse and didn't leave the entire estate to the spouse then estate tax might be an issue but this is not a tax forum.
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Posted 07/10/2020   08:19 am  Show Profile Bookmark this reply Add angore to your friends list  Get a Link to this Reply
If his company was incorporated, would not the assets be owned by the corporation?
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Al
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