The No.1 Website for Pro Audio
 Search This Thread  Search This Forum  Search Reviews  Search Gear Database  Search Gear for sale  Search Gearslutz Go Advanced
When Your Gear Survives Longer Than You. Condenser Microphones
Old 17th August 2007
  #1
Gear Guru
 
FFTT's Avatar
 

When Your Gear Survives Longer Than You.

There's kind of a two edge sword to this idea, especially if you're trying to keep your gear spending habits secret.

Even so, have you considered what would happen if something happened to you suddenly before you had a chance to tell your family what some of your gear is worth?

Would they be hornswaggled out of your vintage guitars and amps or your high end studio gear for pennies on the dollar?

So the question is.......

Do you have a Gear Will?

Something expressing your final wishes along with instructions and explanations of what is what, what it's worth and what should be done with it if something happens
to you.

There may be items that you want kept in the family until your kids can use them to put their grandkids through college or something equally important.

When my father passed away suddenly years ago, it was up to me to empty the contents of his repair shop.
At age 23, I didn't know beans about what all of it was worth, what was junk and what was treasure.

Even worse, he was a pack rat and his lease was up so I had 2 weeks to empty his shop.

I ended up selling nearly 3000 tubes to an electronics liquidator, BY THE POUND!

Just imagine what they might have been worth today.

I wish all of you a long and healthy life, but you might want to ponder the after life
a bit, just to make sure your wishes are carried out.

I've already coached my kids on what to do with my guitars and amps and other
gadgetry. They pretty much know what is rare and valuable in my collection
and know that I'd really like for them to keep them in the family for as long as possible.

Anyway food for thought
Old 17th August 2007
  #2
Lives for gear
 
A27Hull's Avatar
 

I mentor of mine owns a lot of high end, hard to find gear...I asked him once,

his idea is to establish a transfer to a gear rental service, who would then rent the gear and pay a proceed to the surviving family.

i guess its that, or have a liquidator put it up for auction.
Old 17th August 2007
  #3
Lives for gear
 
Daniel Antix's Avatar
I'd want it to go to friends in the business but i don't really own anything that's worth a lot of stuff... i've spent over 40k on my studio but not on anything YET that will still be worth a lot in ten years or hold it's value really well.

when i start spending money on stuff like ssl, manley or neve (which is hopefully sooner rather then later) i'd probably think differently.
Old 17th August 2007
  #4
Gear Guru
 
FFTT's Avatar
 

Something else everyone should do is to have a photo file of all your valuables, including
receipts and appraisals ( scanned to .pdf) and any important serial numbers etc.

One copy somewhere safe like a safe deposit box, one on file with your insurance agent
and maybe an extra copy at work or with your attorney, or uploaded to your data storage server if you have one.
Old 17th August 2007
  #5
Gear Nut
 
MeSoHornplayer's Avatar
 

I have a file called When I Die that's full of this kind of info. But I'm not telling them anything now. I agree with Pegleg on that one.

It'll probably take them weeks to find the file. My box of porn? They'll probably find that in an hour. Hell, they probably know where it is now.

heh
Old 17th August 2007
  #6
Gear Addict
 
AdAudioInc's Avatar
 

I used to work at a large facility with more office people and accountants, than people who did the work. These bright minds decided one day to sell off some of the old gear to clean things up a bit. There were 3 UREI blackface 1176's in the corner, about 1974 vintage. Without consulting anyone - the bean counters put these on the list to sell. Well it did not take long to find a buyer. When asked how much, the financial records of the company were studied. When it was determined that the 1176's were purchased for around $400 in 1974 - a price of $200 each was determined to be fair - after all this stuff was old. This happened in the early 90's. I don't know how that buyer kept the smile off of his face until he was in his car and down the road.
Old 17th August 2007
  #7
Lives for gear
 
GYang's Avatar
Quote:
Originally Posted by AdAudioInc View Post
When it was determined that the 1176's were purchased for around $400 in 1974 - a price of $200 each was determined to be fair - after all this stuff was old. This happened in the early 90's. .
Goods purchased in 1974 sixteen or more years later were rarely worth 50% of its initial value. In normal accounting/economic sense 200$ were real gain heh
Old 17th August 2007
  #8
Gear Addict
 

Quote:
Originally Posted by MeSoHornplayer View Post
My box of porn? They'll probably find that in an hour. Hell, they probably know where it is now.

heh
Well, a fridge box with sticky fingerprints on it does tend to invite the curious...
Top Mentioned Products
Post Reply

Welcome to the Gearslutz Pro Audio Community!

Registration benefits include:
  • The ability to reply to and create new discussions
  • Access to members-only giveaways & competitions
  • Interact with VIP industry experts in our guest Q&As
  • Access to members-only sub forum discussions
  • Access to members-only Chat Room
  • Get INSTANT ACCESS to the world's best private pro audio Classifieds for only USD $20/year
  • Promote your eBay auctions and Reverb.com listings for free
  • Remove this message!
You need an account to post a reply. Create a username and password below and an account will be created and your post entered.


 
 
Slide to join now Processing…
Thread Tools
Search this Thread
Search this Thread:

Advanced Search
Similar Threads
Thread
Thread Starter / Forum
Replies
no ssl yet / Gear free zone - shoot the breeze
7
Tim Farrant / The Good News Channel
6
exfakto / So much gear, so little time
133
drmmrboy / So much gear, so little time
2

Forum Jump
Forum Jump