From Tim Druck on Quora
Did Joe Walsh give Jimmy Page a guitar?
It wasn’t a gift. Jimmy Page purchased his ‘59 Les Paul, the one we know as Number One, for $1200, from Joe Walsh in 1969 at Walsh’s insistence. This was an excellent financial deal even then, and Walsh says now that he did the generous deal because Page seemed in love with the instrument and Walsh felt it would suit him very well. This obviously turned out to be true, as it’s been Page’s primary stage instrument ever since.
As an aside, Walsh has given or sold lots of famous guitars to famous guitarists. Joe gave Pete Townshend a Gretsch 6120 that’s become quite legendary as well.