webfact Posted July 26, 2016 Share Posted July 26, 2016 Clapton auctions off guitar to assistance friendDALLAS: -- British guitar conductor Eric Clapton has auctioned off one of his guitars for $US45,000 ($A60,250) to assistance a associate musician compensate off medical bills, an auction residence reports.The guitar fetched some-more than twice what it was approaching to lift in a weekend auction in Dallas, Heritage Auctions pronounced on Monday.The Fender Stratocaster was done in 2014 privately for Clapton who used it in concerts that year. The winning bidder requested anonymity, Heritage said. Full story: http://myexpress.com.au/world/world-breaking-news/clapton-auctions-off-guitar-to-help-friend/ -- My Express 2016-07-26 Link to comment Share on other sites More sharing options...
LannaGuy Posted July 26, 2016 Share Posted July 26, 2016 'guitar conductor' lor Link to comment Share on other sites More sharing options...
Andaman Al Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? Link to comment Share on other sites More sharing options...
kotsak Posted July 26, 2016 Share Posted July 26, 2016 My brain hurts Link to comment Share on other sites More sharing options...
billd766 Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? Perhaps he wasn't even at the auction and wished to remain anonymous but somebody else spilled the beans. Putting the guitar up for auction means that there was a chance that the sale price would have covered the bill plus some left over. In the event that it didn't raise enough I am sure that Eric Clapton would make up the shortfall, without publicity. Link to comment Share on other sites More sharing options...
colinneil Posted July 26, 2016 Share Posted July 26, 2016 Sorry i am a bit thick. Can somebody translate the article for me. Link to comment Share on other sites More sharing options...
webfact Posted July 26, 2016 Author Share Posted July 26, 2016 Clapton auctions off guitar to help friendSYDNEY: -- British guitar maestro Eric Clapton has auctioned off one of his guitars for $US45,000 ($A60,250) to help a fellow musician pay off medical bills, an auction house reports.The guitar fetched more than twice what it was expected to raise in the weekend auction in Dallas, Heritage Auctions said on Monday.The Fender Stratocaster was made in 2014 specifically for Clapton who used it in concerts that year. The winning bidder requested anonymity, Heritage said. Full story: http://www.news.com.au/world/breaking-news/clapton-auctions-off-guitar-to-help-friend/news-story/55c4e5d4d400add49650d3459d8ee6a1 -- News.com.au 2016-07-26 Link to comment Share on other sites More sharing options...
thaihome Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? There are tax implications on cash gifts to individuals. He can give the guitar to be sold without similar tax liability for the recipient. TH Link to comment Share on other sites More sharing options...
freebyrd Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? There are tax implications on cash gifts to individuals. He can give the guitar to be sold without similar tax liability for the recipient. TH Net worth $115M, is he really bothered about what is in effect a measly amount in tax? Link to comment Share on other sites More sharing options...
inactiveposter Posted July 26, 2016 Share Posted July 26, 2016 Geez, nothing can be done today without armchair critics jumping in. He helped a friend, nice gesture. Sent from my iPad using Thaivisa Connect Link to comment Share on other sites More sharing options...
spidermike007 Posted July 26, 2016 Share Posted July 26, 2016 While I applaud him for any sense of charity, the estimates of his net worth range from a low of $115,000,000 to $250,000,000. He could have just as simply made a phone call, and had the funds wired to his friends bank account. For him to send his friend $50,000, is the same as most of us spending 100 baht on a sandwich. If he really wanted discretion, that would have been the most private way to do it. Link to comment Share on other sites More sharing options...
SOTIRIOS Posted July 26, 2016 Share Posted July 26, 2016 .............'to assistance a friend'.......'to assistance a associate'...... ...how and why did this person get this job.....??? Link to comment Share on other sites More sharing options...
thaihome Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad?There are tax implications on cash gifts to individuals. He can give the guitar to be sold without similar tax liability for the recipient.TH Net worth $115M, is he really bothered about what is in effect a measly amount in tax? The rich have lots of lawyers to figure this out. Certainly more publicity with a public auction of a personal guitar. Would not be surprised if the guitar cost Clapton nothing in the first place. TH Link to comment Share on other sites More sharing options...
Classic Ray Posted July 26, 2016 Share Posted July 26, 2016 Eric Clapton already contributes massive amounts to various charities, including the Crossroads Centre for recovering drug addicts. As he already has these commitments, I applaud his efforts to minimise both his and his friends' tax liabilities in respect of gifts to help others. Stop criticising him for being a good man, and start following his example. Link to comment Share on other sites More sharing options...
Mansell Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad?There are tax implications on cash gifts to individuals. He can give the guitar to be sold without similar tax liability for the recipient.TH Net worth $115M, is he really bothered about what is in effect a measly amount in tax? It is his friend who would have to pay taxes on the gift. And if nobody knew who's guitar it was it would not have been worth very much. A good man doing a good deed to help a friend in need.....Bravo! Link to comment Share on other sites More sharing options...
smotherb Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? Or is business that good? For a good cause, Eric unloads one of the dozens of guitars he receives every year, provides a valuable keepsake for a fan, and helps a man pay his medical bills, and gives himself a news op. Nothing but win-win-win-win. Except for a few naysayers who find fault that he, what; got the news op, used an auction, or was it some other complaint? Link to comment Share on other sites More sharing options...
Buzzz Posted July 26, 2016 Share Posted July 26, 2016 Pretty common for these guys to receive lots of charity requests and a genuine guitar, played by Clapton is really an awesome thing. Link to comment Share on other sites More sharing options...
mulder12345 Posted July 26, 2016 Share Posted July 26, 2016 Was this article written by AI? Link to comment Share on other sites More sharing options...
anotheruser Posted July 26, 2016 Share Posted July 26, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? There are tax implications on cash gifts to individuals. He can give the guitar to be sold without similar tax liability for the recipient. TH Net worth $115M, is he really bothered about what is in effect a measly amount in tax? He was able to auction off a measly guitar for 45K. This guitar probably cost him next to nothing and was in a collection in his closet with dozens of others. Do we need to connect the dots for you as to why auctioning off a guitar for money like that was actually a very financially wise thing to do? Apple's CEO raises $500,000 auctioning a lunch appointment with him for charity. Do you see the point now? Link to comment Share on other sites More sharing options...
jacko45k Posted July 26, 2016 Share Posted July 26, 2016 Sorry i am a bit thick. Can somebody translate the article for me. Looks like Google did it already. Link to comment Share on other sites More sharing options...
freebyrd Posted July 27, 2016 Share Posted July 27, 2016 Why didn't Clapton just slip his friend 45K for the medical bills instead of going through a high profile public auction? Is business that bad? There are tax implications on cash gifts to individuals. He can give the guitar to be sold without similar tax liability for the recipient. TH Net worth $115M, is he really bothered about what is in effect a measly amount in tax? He was able to auction off a measly guitar for 45K. This guitar probably cost him next to nothing and was in a collection in his closet with dozens of others. Do we need to connect the dots for you as to why auctioning off a guitar for money like that was actually a very financially wise thing to do? Apple's CEO raises $500,000 auctioning a lunch appointment with him for charity. Do you see the point now? Not really. I give money to family and strangers quite often and have done so many times over in my 35 years living and working with Asians. In relative terms that the same as him giving away $45K, not a large sum. One of my comtemporaries gave a Nepalese samlor driver 2,000 rupees back in 1989 for a 2 mile round trip. Neither he nor I considered any tax liabilities/implications. Generosity isn't something that needs to be advertised. Link to comment Share on other sites More sharing options...
ozyjon Posted July 27, 2016 Share Posted July 27, 2016 Many, many of his guitars have been auctioned, you can buy a signature Clapton Strat just about anywhere,,, even i have one. Link to comment Share on other sites More sharing options...
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