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Joined: Mar 2006
Posts: 1,935
Sidelock
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Sidelock
Joined: Mar 2006
Posts: 1,935 |
You 'give the money to the family' guys are in need of some legal training.....when the family collected the insurance payment (and who in the world insured shotguns back then????) they gave up all rights to the gun. I can assure you of that without even seeing the contract.
Maybe the insurance company has a claim to it....but the sad fact is I don't spend a lot of time crying over insurance company losses.
Let's hope Big Whoop finds its new home and disappears for the next 60 years so I'll be sure to be dead by then.
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Joined: Jul 2006
Posts: 1,082
Sidelock
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Sidelock
Joined: Jul 2006
Posts: 1,082 |
They will be coming out of the woodwork now. roaches.
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Joined: Feb 2006
Posts: 1,600 Likes: 13
Sidelock
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Sidelock
Joined: Feb 2006
Posts: 1,600 Likes: 13 |
The statute of limitations ran out long ago on whatever the insurance company could have claimed as "salvage".
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Joined: Jun 2008
Posts: 5,534 Likes: 169
Sidelock
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Sidelock
Joined: Jun 2008
Posts: 5,534 Likes: 169 |
I believe in law there is a rule of three. Any of you lawyers out there who can explain the limit of liability? It has been a LONG time since I attended the Business Law class.
USAF RET 1971-95
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Joined: Feb 2004
Posts: 13,880 Likes: 16
Sidelock
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Sidelock
Joined: Feb 2004
Posts: 13,880 Likes: 16 |
It'll be interesting to see if it surfaces again in my lifetime. Figuring it cost the new owner about $205K +/- I wonder about it's value in the future. My guess is that the guy that ends up with it after the dust settles will think little of the price and be a very proud owner. Good for him. That is really what collecting is all about anyway, ain't it?
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Joined: Jan 2003
Posts: 1,227
Sidelock
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Sidelock
Joined: Jan 2003
Posts: 1,227 |
I also wonder what it will be worth in the future. I mean, what portion of the legend is due to the fact that Nash Buckingham owned it and how much to the fact is was mysteriously missing for 70 (?) years until a few weeks before the auction? So, fifty years from now we have "the gun that Buckingham owned" and , (see footnote)...it was missing briefly once upon a time, but there's no mystery to that since we know all the details. Couple all that with the fact that it's far from one of the finest quality Foxes known and I think it's no longer cherry.
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Joined: Feb 2004
Posts: 13,880 Likes: 16
Sidelock
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Sidelock
Joined: Feb 2004
Posts: 13,880 Likes: 16 |
Mike, My inexperienced opinion, next week, more, next year more yet, 10 yrs, probably more still, 20 yrs? I'm skeptical it'd be worth as much as it was ten yrs before. But, I suppose if I could predict the future, I wouldn't be hangin 'round this site either.
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Joined: Mar 2006
Posts: 1,935
Sidelock
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Sidelock
Joined: Mar 2006
Posts: 1,935 |
Keep in mind there are still a bunch of old geezers (!) to whom Nash Buckingham meant something - they were alive when he was. But in 50 years the youngsters are far less likely to care.
They'll probably be more interested in his work with Fleetwood Mac than his guns.
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Joined: Feb 2004
Posts: 13,880 Likes: 16
Sidelock
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Sidelock
Joined: Feb 2004
Posts: 13,880 Likes: 16 |
Greg, My point exactly. The gun's value seems to hinge on a generation's values that is fading fast. As long as they are around, it'll be worth more and more. Once the influence of Mr. Buckingham's writings wane, it'll have an impact on the value of his gun...if it is his gun.
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Joined: Aug 2005
Posts: 180
Sidelock
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Sidelock
Joined: Aug 2005
Posts: 180 |
Keep in mind there are still a bunch of old geezers (!) to whom Nash Buckingham meant something - they were alive when he was. But in 50 years the youngsters are far less likely to care.
They'll probably be more interested in his work with Fleetwood Mac than his guns. Agreed, but you fall victim to your own logic. In 50 years no one (OK, few) will care who Nash, Lindsey, OR Fleetwood Mac were. Most "youngsters" don't know who Lindsey Buckingham or Fleetwood Mac are NOW. Who's got rights to the gun? Buckinghams? Insurance Company? I don't know the answer, but morally speaking I just can't agree that it belongs to anyone else. Legalities are another matter.
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