After disappearing for over 50 years, the guitar pops up and sells for over triple the estimate.
In a major score for a Beatles superfan, an acoustic guitar that was used by John Lennon to record "I Want to Hold Your Hand" and some of the other Beatles hits sold at auction for $2.4 million.
The instrument, which is a 1962 Gibson J-160E, is one of a pair that belonged to Lennon and bandmate George Harrison. The guitar was sold out of LA based Julien's Auctions, who said that the item was "the most important Beatle guitar ever to hit the auction block."
According to Julien's, the guitar was missing for over 50 years after going missing from a London concert in December 1963. Lennon replaced it with a newer model. The guitar was discovered last year when a man realized he owned a guitar that looked suspiciously like the one that George Harrison played. An expert was able to confirm that it wasn't just similar to Harrison's - it was a pair with his.
Lennon owned the guitar for a little over a year and used it to play some of the iconic band's earlier hits, including "She Loves You," "Please, Please, Me," "All My Loving" and "From Me to You."
The day after the pair receive their guitars, they also went to record "P.S. I Love You," "Love Me Do," and the iconic "I Want to Hold Your Hand."
The in-house estimate for the sale price was between 600k-800k.
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Instead, proving how popular and meaningful the Beatles actually are, it sold Saturday for $2,050,000.