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Posted

I would say the buyers do in fact live in this world. They simply own more of it than most of us do. I wouldn't personally spend that kind of money on memorabilia but it is surely one of the more benign ways to spend private wealth. It isn't like they are pricing us out of a market that matters to us. It isn't land.

  • Like 1
Posted (edited)

Hey what the heck, the money will go to his family I suppose.

 

 

Edit: HOW MUCH!!!!!!!!!

Edited by gjones
  • Haha 2
Posted
20 minutes ago, ezbass said:

Someone had a winning bid of £7.5k for a gigbag! A GIGBAG! 

£24k for a neck. No body, neck only.

Some of the numbers on this auction are staggering.

 

Mark

Posted
2 hours ago, LowB_FTW said:

£24k for a neck. No body, neck only.

Some of the numbers on this auction are staggering.

 

Mark

Especially when you could have bought and empty wooden box for the same amount!

  • Haha 2
Posted
21 minutes ago, Count Bassy said:

Especially when you could have bought and empty wooden box for the same amount!

A flight case for £23k 😂

 

Mark

Posted

While the final amounts these items went for are ridiculously high, I guess these people have spent their money how they choose to.
The items all went well beyond their estimates. In some cases, I believe that animal rescue charities benefitted from the sales.

Nobody except my local council tax officer and the taxman tell me how to spend my money.
I spend what I have how I want to and if I had wanted to buy something of Jeff Beck's, it would be up to me and nobody else.
I didn't, by the way.

Posted

Basses, Ibanezes, Roland synth guitars, red Strat - a little over twice the top estimate.

 

Strats, Teles, Gibsons, Guilds, Jacksons - 20-50 times the top estimate.

  • Like 1
Posted
6 hours ago, 12stringbassist said:

In some cases, I believe that animal rescue charities benefitted from the sales.

 

The four last items got the 100% hammer price, so £100000.

Posted
6 hours ago, 12stringbassist said:

While the final amounts these items went for are ridiculously high, I guess these people have spent their money how they choose to.
The items all went well beyond their estimates. In some cases, I believe that animal rescue charities benefitted from the sales.

Nobody except my local council tax officer and the taxman tell me how to spend my money.
I spend what I have how I want to and if I had wanted to buy something of Jeff Beck's, it would be up to me and nobody else.
I didn't, by the way.


This is the stock response to any thread like this, and nobody is going to disagree. I spend £8 on coffee, for example, which is excessive when I could but instant from Lidl for £2.

 

However, people are paying preposterous amounts of money for things that Jeff Beck ( a great artist but hardly a generational talent who’ll be remembered forever) may not have ever touched or used.

 

The second thing is that these amounts are huge. Gross displays of wealth - like paying £10k for a gig bag, for example - are shocking. 

  • Like 2
Posted

To me these delirious prices paid are simply the proof that solutions to definitely solve starvation, poverty and in the end all problems in the world do exist: Tax these wealthy people a lot more than they are and redistribute everything as nobody needs to own millions of grounds.

  • Like 4
Posted

That would take every country on earth to do that otherwise people will do what The Rolling Stones did in the 70's and simply leave the country that charges them 98% tax after a certain threshold to move to a country that doesn't. 

Posted (edited)
11 minutes ago, binky_bass said:

That would take every country on earth to do that otherwise people will do what The Rolling Stones did in the 70's and simply leave the country that charges them 98% tax after a certain threshold to move to a country that doesn't. 


This is always the argument but it doesn’t hold. You get capital flight from people like Philip Green (remember him?), but the majority of people want to live in their country of birth and close to existing friends and family.

 

I imagine a lot of this stuff is auction fever. People getting carried away and buying what look to me like pretty average guitars (apart from the genuine vintage pieces). 
 

When your £10k gig bag arrives, the big question of course is how you’re going to display it so all the guys at the golf club can wonder at how low the action is and how incredible the sound must have been when Jeff unzipped it.

Edited by Burns-bass
  • Like 4
Posted
8 hours ago, 12stringbassist said:

While the final amounts these items went for are ridiculously high, I guess these people have spent their money how they choose to.
The items all went well beyond their estimates. In some cases, I believe that animal rescue charities benefitted from the sales.

Nobody except my local council tax officer and the taxman tell me how to spend my money.
I spend what I have how I want to and if I had wanted to buy something of Jeff Beck's, it would be up to me and nobody else.
I didn't, by the way.

I think it’s more a question of how do these people have the money in the first place! 
 

1 hour ago, binky_bass said:

That would take every country on earth to do that otherwise people will do what The Rolling Stones did in the 70's and simply leave the country that charges them 98% tax after a certain threshold to move to a country that doesn't. 

Monaco is really struggling to develop sufficient infrastructure for the demand, but yes obviously a global approach is required across the west.

Posted
2 hours ago, binky_bass said:

That would take every country on earth to do that otherwise people will do what The Rolling Stones did in the 70's and simply leave the country that charges them 98% tax after a certain threshold to move to a country that doesn't. 

Russ, the Christie's live auctions are worldwide, so my thought implies the same coverage meaning it must be a worldwide action.

Posted

Chris Cross's gear went under the hammer a few months ago. Everything went at prices where you'd be happy to use them for gigs. These are never going to be useful instruments again. There's no way that a million pound Les Paul is going to get used at a gig. The estimates were already ridiculously inflated (maybe ten times the market price) because everything used to belong to Jeff Beck, but some of those instruments went for a thousand times market price.

  • Like 1
Posted
2 hours ago, christhammer666 said:

one of the strats had a guide of 20-30k and went for 800k...........jesus wept

That’s pretty astonishing 

Posted (edited)
2 hours ago, tauzero said:

Chris Cross's gear went under the hammer a few months ago. Everything went at prices where you'd be happy to use them for gigs. These are never going to be useful instruments again. There's no way that a million pound Les Paul is going to get used at a gig. The estimates were already ridiculously inflated (maybe ten times the market price) because everything used to belong to Jeff Beck, but some of those instruments went for a thousand times market price.


What’s interesting is whether you think these items will increase in value? Once the generation passes who will pay top dollar for this stuff? 
 

We’re conditioned to think that the 60s was the apotheosis of music and culture but it’ll quickly be forgotten. Human nature is necessarily destructive (and that’s a good thing).

Edited by Burns-bass
  • Like 1
Posted

All the money will go into Jeff Becks estate and be charged inheritance tax assuming it is UK based.

 

So the people buying these instruments are technically indirectly paying your tax, in a voluntary way. They'll also be paying a %age to Christies. Who will also be paying tax. 

 

 

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