Also, I wonder how much he's charging to have your picture taken with it? I saw countless folks on that website taking pics with it and pawing all over my $2M axe. Not sure I want it now since seeing Gomer with his lips all over it.
Announcement
Collapse
No announcement yet.
Gary Moore LP for sale again..
Collapse
X
-
Gary is not selling the guitar...he ALREADY sold the guitar for a reported $1.2 million last year....he's bent out of shape that it's public knowledge now because he's going to have to pay taxes on the sale...also may have caught some flack since Peter Green essentially gave him the guitar - unlikely he was cut in on the $
The guy that bought it from Moore is now selling it for $ 2 million...supposedly has a buyer or two thats made offers very ner the current asking price.
Huge debate on the LP Forum about this one...
Steve E
Comment
-
Originally posted by speed monkeyGary is not selling the guitar...he ALREADY sold the guitar for a reported $1.2 million last year....he's bent out of shape that it's public knowledge now because he's going to have to pay taxes on the sale...-------------------------
Blank yo!
Comment
-
Why would you have to pay tax on selling a used guitar privately (not from a store)? I've never heard of that. If you sell a guitar (or anything for that matter) on ebay, the newspaper, JCF, whatever, you don't pay taxes. And what would these "taxes" be? Sales tax? If so, the buyer would be paying that anyway.Unleash the fury.....Texas style!
Comment
-
Originally posted by jwoods986Why would you have to pay tax on selling a used guitar privately (not from a store)? I've never heard of that. If you sell a guitar (or anything for that matter) on ebay, the newspaper, JCF, whatever, you don't pay taxes. And what would these "taxes" be? Sales tax? If so, the buyer would be paying that anyway.
Comment
-
Originally posted by jwoods986Why would you have to pay tax on selling a used guitar privately (not from a store)? I've never heard of that. If you sell a guitar (or anything for that matter) on ebay, the newspaper, JCF, whatever, you don't pay taxes. And what would these "taxes" be? Sales tax? If so, the buyer would be paying that anyway.
-------------------------
Blank yo!
Comment
-
Originally posted by GrandturkIts called capital gains. Anything you sell for more than you paid is a capital gain. Obviously, small fries buying and selling Jacksons and Charvels don't really have to worry about this, but anyone moving '59 Les Pauls does.
http://www.irs.gov/taxtopics/tc409.html
I have some experience with capital loss after I lost 15K on the stock market in 2000 and found out when I went to do my taxes that you can only write off 3K/year in losses (at least I could carry over the rest). Of course, if I had MADE 15K, I would have had to put it all on that year's taxes. Fucking government.........Last edited by jwoods986; 07-28-2006, 09:33 AM.Unleash the fury.....Texas style!
Comment
-
It stands to reason that if Moore already had pre-existing tax issues either with the U.S. or UK government it would be way hard for him to fly under the radar - especially selling a guitar with that high of a profile for $ that large....if he only has essentially a couple hundred into the guitar - he will only have to pay taxes on nearly $1.2 million - no big deal, right ? the story of Peter Green selling him the guitar for like $50 plus whatever he could get for the guitar he currently owned (a wopping $200) is pretty legendary and easily confirmed at this point.
Steve E
Comment
-
Originally posted by SnoogansJust a thought, how much would Billy Gibbons' "Pearly Gates" be worth?Unleash the fury.....Texas style!
Comment
-
Originally posted by 5074charvelI think I remember an interview with Billy Gibbons where he stated that he owns 150 58-59 Les Pauls. That would sum up to 300 M.
I'm pretty sure that not even 150 Les Pauls were built in 58 ' - 59'...he has a couple though....the "foremost" collector of them has appx 14 - 15 of them at the moment.
Check out the book "The Beauty of the Burst" for some great info and devestating pictures....
Steve E
Comment
Comment