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Nugent's TWO bursts up for auction

Billy Porter

Active member
Joined
Mar 16, 2005
Messages
1,092
This actually brings up an interesting thought. I don't have a burst, but I have a 50's goldtop and a 50's Jr (and other guitars and amps). If I sold them all I could improve my funds for retirement. But taking the steps to sell them, I don't think I could do it. The thought of "I'll probably not live for much longer and wont enjoy these" is super depressing. If I have the good luck to grow old, I don't think I could make that choice. If anyone in their 60's have made that choice, I'd be interested to hear your opinions.
I'm in my sixties and possibly due to this bloody pandemic don't play anywhere near the amount of time playing that I used to. It's hard to get the same motivation knowing that a gig or rehearsal is still a fair way off.

A First World problem - I've only a small collection of guitars that aren't worth too much but I see them hanging about and wonder why I them. They will also prove a problem when I pass on as my grown up kids already have guitars and amps.

If I had a large collection I'd be moving a lot of them on purely for the hassle it may cause others in the future. However, If I had a Burst I'd sell it, buy a R9 and pass most of the money to my kids

I could easily live with one of my Telecasters with an amp.
 

thin sissy

Active member
Joined
Jan 2, 2006
Messages
2,525
I'm in my sixties and possibly due to this bloody pandemic don't play anywhere near the amount of time playing that I used to. It's hard to get the same motivation knowing that a gig or rehearsal is still a fair way off.

A First World problem - I've only a small collection of guitars that aren't worth too much but I see them hanging about and wonder why I them. They will also prove a problem when I pass on as my grown up kids already have guitars and amps.

If I had a large collection I'd be moving a lot of them on purely for the hassle it may cause others in the future. However, If I had a Burst I'd sell it, buy a R9 and pass most of the money to my kids

I could easily live with one of my Telecasters with an amp.
Thanks for that perspective. Sounds very logical. I don't want a collection either, but as of now I can't see ever letting go of the 57 Jr and 55 GT, they are the only "objects" along with a good amp that I enjoy. But on the other hand, the fire one had as a teenager playing guitar (with crap equipment, cause kids have no money) is long gone, and I doubt it will return. Too bad the kid version of oneself cannot play what the adult version will own :LOL:

If I only get a good Tele as well, that would be enough for the rest of my life (but probably wont), just like my (and I would guess yours too) hero Ronno had in his last days.
 

agogetr

Member
Joined
Jan 22, 2019
Messages
302
"HIS" being the operative word.
this will be interesting, seems like the 59 should be worth 200k even with changed pickups etc? 20 or 30k in parts and would it be basically original again? (except for possible tuner screw holes) i feel like anything over a couple hundred grand will be what teds ownership and use of the guitar adds in value. he is the motor city madman,
maybe we will be surprised and it goes higher than a lot of folks expect. i wouldnt bet either way on this one. seems like ted doesnt want a lot of hype attached to the sale he is just letting the chips fall where they may. pretty cool. ps i have the pickguard for it! new old stock
 

agogetr

Member
Joined
Jan 22, 2019
Messages
302
I'm in my sixties and possibly due to this bloody pandemic don't play anywhere near the amount of time playing that I used to. It's hard to get the same motivation knowing that a gig or rehearsal is still a fair way off.

A First World problem - I've only a small collection of guitars that aren't worth too much but I see them hanging about and wonder why I them. They will also prove a problem when I pass on as my grown up kids already have guitars and amps.

If I had a large collection I'd be moving a lot of them on purely for the hassle it may cause others in the future. However, If I had a Burst I'd sell it, buy a R9 and pass most of the money to my kids

I could easily live with one of my Telecasters with an amp.
Me too, i,m a boomer, not sure when the dust settles how much time i will have left to go out gigging again.maybe just ditch my analog recording stuff, learn to use a simple pro tools set up and try writing and recording.
i have a burst, my family knows i want it left in the family until their is a real shot in the arm needed financially for whatever unforseen reasons. even if its 100 years down the road.
i saw a cool movie once where the family at the end of the movie was loosing their farm, grandpa threw a rifle in his old pickup and came back from town driving an old cadilac convertible and had paid off the farm. turns out the rifle he had held for who knows how long was one of custers or something like that. he sold it and bailed out the whole family. i thought that was so cool!
a burst could do the same for a family at some point in need.
my pal is a boomer, has a real flamed 60 burst, he lives modestly and is not wealthy, he knows he can sell anytime and live out his days in a reasonable fashion. nice to have an ace like that up your sleeve! ps does anyone remember the name of that movie?
ps.ps. the last pre war d-18 i bought the guy was its caretaker for 49 years, they had a very serious life situation with family and needed a chunk of cash. my buddie who hooked me up whith them told me after i bought it. the guy who sold it to me was so cool, he made me promise 3 times before i left his house that i would take care of it!
 

agogetr

Member
Joined
Jan 22, 2019
Messages
302
Don't keep that ace up your sleeve too long. Old age doesn't last.
true, however a burst may last 100's of years. better to leave my family the strad of guitars than green backs they will have to figure out what to do with. and they wont need the cash. my family i made sure would be ok when i,m gone before i ever pulled the trigger on dream gear. of course now i,m old and worn out, not fair! lol
 

BurstWurst

Member
Joined
Jan 24, 2008
Messages
564
........... However, If I had a Burst I'd sell it, buy a R9 and pass most of the money to my kids ......
Depending on what you have in the burst (for instance, bought in the early 70s), considering capitol gains taxes, if you've owned the guitar since before the value explosion, likely better to give (will) them (the kids) the guitar and let them sell it. Since they're receiving it at current "basis value", capitol gains when they sell it are minimized. That's all well and good, so long as you don't need the funds that are wrapped up in the burst in your lifetime. Paying 28% of the value of a Burst is for the privilege to sell a guitar you bought as a kid for $1,000 is indeed painful. My 59 is riding into the sunset with me, just not going into the coffin.
 

agogetr

Member
Joined
Jan 22, 2019
Messages
302
good info. i,m like you ..just not into the coffin ha ha
maybe we are getting close to the reason ted is selling, simply for the best estate tax situation?
i wonder what the last guitar to be pulled out of claptons house will be? pretty sure page will have a couple bursts sitting in the corner.
 

Dave P

Member
Joined
Oct 13, 2001
Messages
767
Nuge's bursts look like they were ridden hard and put away wet. I'm sure they have his name engraved in them somewhere like all his other guitars.
 
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