He had a customer shop Jackson guitar (and the were it in the day). It was pretty gorgeous with a tiger stripe design overlaid on a gradiated purple to pink to white pearlescent body paint. Gold hardware too. It was a great instrument. I knew the guy a little so I'd seen and handled the instrument once.
So, that money he got...It was a one time deal and he blew it all and had to start pawning his gear.
That Jackson, as the story goes, ended up in a pawn shop for $75. That Jackson was $1500+ even in the 80's....I'd like to say it was me that scored it but alas it wasn't.