Beatles Electric Guitar Fetches Over $408,000 in an Auction

A six-cord Beatles electric guitar played by John Lennon and George Harrison was sold for $408,000 at a Julien's Auctions on Sunday.

The customized VOX guitar was the centerpiece of the annual Music Icons auction held Saturday at the New York Hard Rock Cafe by the Beverly Hills, California-based auctioneers.

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Julien's Auctions had valued the guitar ahead of the auction at between $200,000 and $300,000.

The guitar, which had been at several exhibitions prior to auction, was a gift from John Lennon to "Magic Alex" Mardas, an engineer at Apple Records and a friend of the band in 1967, Julien's said.

Harrison used the guitar while practicing the song "I am the Walrus." Lennon played it during a video session for "Hello, Goodbye."

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Some 450 other items were also auctioned at the event, including the pants that Elvis Presley wore in the "Jailhouse Rock" movie, a jumpsuit worn by 70s pop star David Cassidy and objects from David Bowie, Michael Jackson and the Grateful Dead.

An electric guitar that Elvis once played on sold for $50,000, while sunglasses that "the King" once wore sold for $28,125.

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Source-AFP