John Lennon guitar sells for over $2.4 million at California auction

November 8, 2015

A guitar stolen from the late John Lennon in the 1960s sold for $2.41 million on Saturday  (Nov 7) at an auction in Beverly Hills, California, and a Beatles drum head went for $2.1 million, fetching some of the highest prices ever for items of rock and roll memorabilia.

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The 1962 J-160E Gibson acoustic guitar had for decades been in the possession of John McCaw, a novice musician who bought it in the late 1960s without knowing it had been stolen from the legendary Beatle several years before, said auctioneer Darren Julien.

Half of the proceeds from the sale of the guitar will go toward the Spirit Foundation, a charitable organization that he and his widow, Yoko Ono, created, Julien said.

The instrument’s authenticity was determined by its matching serial number and wood grain, among other things, Julien said.

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The price far surpasses the $965,000 paid at a 2013 Christie’s auction for the electric guitar Bob Dylan played at the 1965 Newport Folk Festival, where he shocked folk traditionalists with a set of rock songs.

 

According to Guinness World Records, a Fender Stratocaster guitar sold for a record $2.7 million at a 2005 charity event in Qatar. The instrument had been signed by the likes of Keith Richards, Eric Clapton and Paul McCartney.

 

 

 

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