British Estate Tax Forces Guitar Sale
May 4, 2006
As Congress considers reforming or repealing the U.S. federal estate tax in coming weeks, it’s worth remembering that the U.S. is not the only country where inheritance taxes are controversial.
From the Wikipedia entry of the late John Entwistle, bass player for The Who:
Entwistle’s massive collection of guitars and basses was auctioned at Sotheby’s in London by his son Christopher Entwistle to meet anticipated duties on his father’s estate.
Of the auction, Christopher was quoted as saying his father would have hated it. Joy Division/New Order bassist Peter Hook is amongst those who acquired some of Entwistle’s basses at the auction.
Entwistle’s enormous mansion in Stow-on-the-Wold in the Cotswolds and a large number of his very personal effects were also later sold off to meet the demands of the Inland Revenue.
Ironically, Entwistle was a former employee of that department, only quitting his job there when The Who became successful.