John Lennon’s Stolen Guitar Fetches $2.4 Million at Auction

8 Nov 2015 | Author: | No comments yet »

Beatles guitar fetches $2.4 million at US auction.

LOS ANGELES — A guitar stolen from the late John Lennon in the 1960s sold for $2.41 million on Saturday at an auction in 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. Julien’s Auctions said the guitar went missing during the Beatles’ December 1963 Finsbury Park Christmas Show in London and was lost for over 50 years. Half of the proceeds from the sale of the guitar, which was stolen from Lennon at a December 1963 Christmas concert, will go toward the Spirit Foundation, a charitable organization that he and his widow, Yoko Ono, created, Julien said.

The auction house — which said the sale shattered all records for rock memorabilia — did not provide any details on how or where the guitar resurfaced. Another item that went under the hammer at the Los Angeles auction house Saturday included the Ed Sullivan drum head, billed as the most famous of the seven known Beatles drop-T logo drum heads and the only one to be featured on a Beatles album jacket.

He also is said to have strummed it while writing several Beatles hits with Paul McCartney, such as “I Want To Hold Your Hand” and “All My Loving.” “It’s such an important part of Lennon’s career and Beatles history,” Julien said. “I knew it would go over $1 million; I had no idea it would go over $2 million.” 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.

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