John Lennon Guitar Stolen In 1963 Sells For $2.4m At US Auction
The Beatles star used the J-160E acoustic guitar for a year in 1962 to record and write hit songs such as "Love Me Do" and ''I Want to Hold Your Hand".
Novice musician John McCaw bought it in the late 1960s without knowing it had been stolen from Lennon at a Christmas concert in 1963, auctioneer Darren Julien told Reuters. Its whereabouts were unknown for half a decade until a man in California discovered that the guitar in his possession may have historical value.
The 1962 J-160E Gibson Acoustic guitar was bought by the famous Beatle in Liverpool in September 1962 for £161, Julien's Auctions said.
"John so loved this particular guitar that he would take it home and wrote songs on it with Paul McCartney," the auction house said in a release announcing the sale.
Mr Julien said: "It's such an important part of Lennon's career and Beatles history. I knew it would go over $1m; I had no idea it would go over $2m."
Other items included Elvis Presley's 24-carat Gold Leaf Piano that was snapped up for $600,000. Elvis bought the piano for his mother in 1955 and it was later kept in the music room at the singer's famous Graceland home. For their first wedding anniversary, Priscilla, Elvis's former wife, had the piano adorned with 24-carat gold finish, according to Julien's.