purplefam99 said:

cloveringold85 said:

.

True. I think he struggled with Christianity, like most of us do. I think the important thing is the journey/walk we have with God, and not trying too hard to understand him, but living in a way that is of God. We all fail at times at reaching that goal, but the important thing is that we "try". Prince was a God-loving man, and he accepted Jesus Christ as his savior. He got a lot of criticism when he became a JW, because he lifestyle really did not portray a christian lifestyle. I will never figure it out.....he was rock star, and Brother Nelson at the same time.

We are all sinner and Saint. We all have immense good and bad. That is the gift That gift the fruit of the Holy Spirit, if you choose to believe, that no sinner Is better or worse for his sin, we are all sinners trying our best to walk a road and hopefully not judging someone else's road as not as sinful. And the best gift Is that even if your neighbor thinks your worse than he God promises that your not That your equal In his eyes.

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^^ That was beautiful!! ^^

rogifan said:

Is this still the estate thread? 🤔

I was wondering the same thing!

ISaidLifeIsJustAGame said:

Now we are talking about Mayte along with P's Christianity on the Estate Thread?

.

Sorry guys. Yes, we should get back to the topic!

fortuneandserendipity said:

laurarichardson said:

fortuneandserendipity said:

1) Yes it does matter what Mayte wrote in her book. Why, bc she would have known him more intimately than anyone, including Kirk Johnson, Morris Hayes, Larry Graham! Or is P so private that even Mayte didn't know the real him?

2) Most 'stable' relationships are unstable anyway hehe... well probably in your world. And Mayte probably wanted out of the relationship as much as he did, or she wouldn't have cheated on him. So your argument is kind of moot and straw man.

3) Christians get divorced all the time. That's what the official U.S. statistics suggest, that they get divorced more so than atheists - though how many of these so-called christians are not merely 'cultural christians' is anyone's guess. However, imo Christianity is the ultimate 'chisel on the side' religion which is cherry-picked and ignored by its followers more than any other religion. Marriage 'laws' are certainly not gonna stop any Christians from getting divorced!

[Edited 7/12/17 14:05pm]

1) Once Prince started running around with other women his mind was gone from that marriage. I do not see what Larry Graham has to do with that

.

As P grew closer and close to Larry and got involved in his teachings a `distance` came to be between P and Mayte as Mayte did not want to follow Larry's extreme views.

So P got the impression he really needed a woman at the side after that.

cloveringold85 said:

purplefam99 said:

cloveringold85 said:

.

Sorry guys. Yes, we should get back to the topic!

Agreed!!! But since the threads get taken down and reopened I lose Track of the General thesis of the estate thread. Can someone restate the main Question about the estate that we are trying to discuss? Thx.

huh?

ISaidLifeIsJustAGame said:

Yes, could we please get back on topic?

It seems like there are several different things being spoken of here. Why aren't people who want to talk about stuff that isn't about the estate opening a new thread?

Yes, could we please get back on topic?

It seems like there are several different things being spoken of here. Why aren't people who want to talk about stuff that isn't about the estate opening a new thread?

Yes, could we please get back on topic?

It seems like there are several different things being spoken of here. Why aren't people who want to talk about stuff that isn't about the estate opening a new thread?

rogifan said:

Ok I’ll try and get this back on topic: UMG offered only $31m for the vault yet the entire estate was valued at $200M? How does that work?

The deal with UMG was for licensing not purchasing the master tapes. The 200m is just an estimate of the value of the estate. All of the music has to be catalogued and all of the assests value calculated. When Breamer turned in their inventory they had not even completed the valuation of the estate and we have no idea how much money the estate can make off of the vault material. $200 is just an estimate. Also UMG paid a advance on the 30 million they did not give the estate 30 million dollars in cash.

laurarichardson said:

rogifan said:

Ok I’ll try and get this back on topic: UMG offered only $31m for the vault yet the entire estate was valued at $200M? How does that work?

The deal with UMG was for licensing not purchasing the master tapes. The 200m is just an estimate of the value of the estate. All of the music has to be catalogued and all of the assests value calculated. When Breamer turned in their inventory they had not even completed the valuation of the estate and we have no idea how much money the estate can make off of the vault material. $200 is just an estimate. Also UMG paid a advance on the 30 million they did not give the estate 30 million dollars in cash.

Don't forget the value at auction prices of the clothes, jewelry (how much is a piece of fine jewelry worn by Prince worth!?), the GUITARS and other musical instruments, never before seen photographs, hand-written correspondence and lyrics...LR, maybe it COULD be a BILLION dollar estate!

Bodhitheblackdog said:

maybe it COULD be a BILLION dollar estate!

.

If they time things about right the estate sale could be just when the recession will be undeniable.

What will such an event do for bid pricing?

HEADS UP, GUITAR EXPERTS: What do you think the Hohner is worth??? (for estate evaluation/tax purposes only...)

Bodhitheblackdog said:

laurarichardson said:

The deal with UMG was for licensing not purchasing the master tapes. The 200m is just an estimate of the value of the estate. All of the music has to be catalogued and all of the assests value calculated. When Breamer turned in their inventory they had not even completed the valuation of the estate and we have no idea how much money the estate can make off of the vault material. $200 is just an estimate. Also UMG paid a advance on the 30 million they did not give the estate 30 million dollars in cash.

Don't forget the value at auction prices of the clothes, jewelry (how much is a piece of fine jewelry worn by Prince worth!?), the GUITARS and other musical instruments, never before seen photographs, hand-written correspondence and lyrics...LR, maybe it COULD be a BILLION dollar estate!

The estate will not be auctioning anything off anytime soon. Taxes can be paid in installments. Also remember his sibs will inherit everything and I am sure they will be keeping a lot of stuff.

Bodhitheblackdog said:

laurarichardson said:

The deal with UMG was for licensing not purchasing the master tapes. The 200m is just an estimate of the value of the estate. All of the music has to be catalogued and all of the assests value calculated. When Breamer turned in their inventory they had not even completed the valuation of the estate and we have no idea how much money the estate can make off of the vault material. $200 is just an estimate. Also UMG paid a advance on the 30 million they did not give the estate 30 million dollars in cash.

Don't forget the value at auction prices of the clothes, jewelry (how much is a piece of fine jewelry worn by Prince worth!?), the GUITARS and other musical instruments, never before seen photographs, hand-written correspondence and lyrics...LR, maybe it COULD be a BILLION dollar estate!

[Edited 7/13/17 10:51am]

Bodhitheblackdog said:

HEADS UP, GUITAR EXPERTS: What do you think the Hohner is worth??? (for estate evaluation/tax purposes only...)

It seems the most famous guitars are worth upwards of 2M and a lot around the 500k mark. But isn't the Hohner not THE Hohner.....he has had a bunch of these made over the years?? I would guess about 200k.

KiowaTrl said:

Bodhitheblackdog said:

HEADS UP, GUITAR EXPERTS: What do you think the Hohner is worth??? (for estate evaluation/tax purposes only...)

It seems the most famous guitars are worth upwards of 2M and a lot around the 500k mark. But isn't the Hohner not THE Hohner.....he has had a bunch of these made over the years?? I would guess about 200k.

Thanks Kiowa Trl...so, when he had 'new' Hohner's made, did he have all the scratches and dings incorporated onto the new instrument?

Bodhitheblackdog said:

KiowaTrl said:

It seems the most famous guitars are worth upwards of 2M and a lot around the 500k mark. But isn't the Hohner not THE Hohner.....he has had a bunch of these made over the years?? I would guess about 200k.

Thanks Kiowa Trl...so, when he had 'new' Hohner's made, did he have all the scratches and dings incorporated onto the new instrument?

This I will defer to someone who knows more.....

DD55 said:

Bodhitheblackdog said:

Don't forget the value at auction prices of the clothes, jewelry (how much is a piece of fine jewelry worn by Prince worth!?), the GUITARS and other musical instruments, never before seen photographs, hand-written correspondence and lyrics...LR, maybe it COULD be a BILLION dollar estate!

Bod, I think you might be right; the cultural, historical and intrinsic values to all these items make then invaluable. For example: What would we pay for a first edition Hemingway novel? However, I think for purposes of estimating the ‘estate’ value, the lower the figure the better in terms of tax liability.

.

In the future, there might come a time when museums pay to acquire P's items to add to their collections of cultural significance. If as they say P saved everything, I’m sure there is more stuff than PP would ever need. Imaging going to MOMA seeing a framed P lyric sheet? How fun would that be?

.

~~DD55

edit spelling

[Edited 7/13/17 10:51am]

I am hoping the estate will donate or sell some of his stuff to museumus and public exhibit. Prince has a damm tamborine in the African American History Museusum. One of those guitars needs to be in that museum.

Bodhitheblackdog said:

HEADS UP, GUITAR EXPERTS: What do you think the Hohner is worth??? (for estate evaluation/tax purposes only...)

.

Anything over 5 figures is dreamland territory.

But, a super high appraisal on an item that is then 'gifted' to a museum would be a great tax shelter for the estate, keep his precious artifacts out of private hands and before the public where all can enjoy. So I say the origional Hohner is worth $10 million and belongs in the Smithsonian. Do I hear a second?

Bodhitheblackdog said:

laytonian said:

Bodhitheblackdog said:

But, a super high appraisal on an item that is then 'gifted' to a museum would be a great tax shelter for the estate, keep his precious artifacts out of private hands and before the public where all can enjoy. So I say the origional Hohner is worth $10 million and belongs in the Smithsonian. Do I hear a second?

. That doesn't help with tax debt as appraisals and taxes are pegged as of his death. That's why low appraisals are better. .

oops, this is the second time you've saved me from myself in a 10 minute period; a record only beaten by my husband. Maybe I need a nap.

rogifan said:

Judge approved nullification of UMG deal. This doesn’t include merchandise and musi publishing. http://variety.com/2017/m...202495369/

Not quite a shock.

morningsong said:

laurarichardson said:

morningsong said:

Not quite a shock.

Thank God because nothing was getting done with vault material while all this nonsense was going on. Now things can move forward.

We can hope. Did you see the thread about Sharon giving an interview and taking questions from us orgers? Maybe it is a good sign, maybe???