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Discussion in 'Bad Dog Cafe' started by warrent, Jun 20, 2019.
You are a fine gentleman and charitable with words!
Does getting it at a charity auction provide buyer with a tax write off?
nice of David G to donate it all to charity tho,
'hey guys, check it out.. D minor.. Wait wait D minor.. All in all you're just a.. Wait.. Nother brick in the.. Hang on.. Wall.
Cool huh? '
No because the buyer isn't donating anything to charity, they are simply purchasing an item of equivalent value to their "donation." Sometimes at charity auctions, at least some of the ones I've participated in, items are sold for more than their objective value because folks are trying to be generous. For example, a $100 restaurant gift card is auctioned for $150. In that case, you might be able to claim that you made a donation of $50. With a truly one-of-a kind, unique, highly collectable item like DG's Black Strat, the IRS would take the position that it's worth exactly what it sold for at auction.
According to the IRS:
Donors who purchase items at a charity auction may claim a charitable contribution deduction for the excess of the purchase price paid for an item over its fair market value. The donor must be able to show, however, that he or she knew that the value of the item was less than the amount paid. For example, a charity may publish a catalog, given to each person who attends an auction, providing a good faith estimate of items that will be available for bidding. Assuming the donor has no reason to doubt the accuracy of the published estimate, if he or she pays more than the published value, the difference between the amount paid and the published value may constitute a charitable contribution deduction.
In Jim's case he would have every reason to doubt the auctions estimates as they didn't take into account David's reputation or previous auction results.
And let's face it Irsay is worth 2.7 billion dollars his purchases are the equivalent of me buying a nice vintage copy of DSTOM
He has 2.7 billion dollars. I'm pretty sure he wasn't going to be outbid on the Black Strat.
Plenty of people consider Roger Waters the driving force behind Pink Floyd.
I mean, can only speak from my experience. But almost anyone I've ever spoken to about Floyd even tangentially immediately starts talking about Gilmour by name or referencing his riffing/solos. Waters was certainly the core of PF, but I think Gilmour became more of their outward presence - especially to a broader audience than musicians. Whether that's because it's easier to pick out a guitar riff or have one passively get stuck in your head than it is for the same to happen with a bass line or because of what he brought to their work is a fair point of discussion.
Auctioneer, can you thrown in a set of strings and a setup at that price? Cable, strap, polishing cloth?
i felt the same way for a while, I stopped listening to pink floyd at all for about 20 years. Went back to it about a year ago, and with all the unreleased mixes and early bootlegs available to compare and to recognize how Dark side developed, its still to me an amazing album.
how many things in life are perfect? very few, that album is perfect in every aspect, and that is part of the charm how all the pieces join together to form this thing.
just like pink floyd individually were less than the sum of the whole, and dark side shows what they could do when they all pulled together.
If I'm not mistaken, the neck, electronics and the body are not original. What a rip off.
The Black Strat went for USD 3,975,000 .... Strange to think of the lengths that Roger Waters will go to in his bid to 'own' the band/brand Pink Floyd
Ok, that's it. This is going on Ebay tomorrow.
Hoping to get $3.975H.
Demented old man TD after witnessing shocking numbers on TDPRI Bad Dog for the sale of a second hand parts caster, and that a Strat to boot, runs outside and shakes his fist at huge iron bird flying overhead. He wonders what has happened to his world, but has just enough remaining braincells to realize his world has vanished.
Maybe, but the voice and the sound is David Gilmour. In my humble opinion.
See Emily Play... her new black strat.
DG: now that's how you cash your celebrity out. Class act, what a guy!!
Mr G. should have kept all his used strings. Another few million for charity.
The 21 million dolkars is supposedly going to fund "Charity" to "fight" climate change.
This is NOT a charity. It is another lame pseudo-environmentalist group, and the "charity": they do apparently mostly consists of nuisance suits against energy companies. Some charity. I'd wager my Tele that they pay THEMSELVES well.
Better he should buy a Rolls .