Beatles guitar sells for £269k at auction

A guitar played by John Lennon and George Harrison has sold for $408,000 (£269,000) at auction.

The custom-made instrument (pictured), made by the VOX company in 1966, was bought by an anonymous US buyer in New York.%VIRTUAL-SkimlinksPromo%
Harrison played the guitar while practicing I am the Walrus during The Magical Mystery Tour, and Lennon played it while recording a video session for Hello, Goodbye.

Julien's Auctions said the guitar had exceeded its estimated value of $200,000-$300,000 (£132,000-£198,000).

"It's extraordinary when you have the opportunity to offer such an amazing piece of music history as the VOX guitar played by both George Harrison and John Lennon," said Martin Nolan, Executive Director of Julien's Auctions.

"From Here Comes the Sun to Hello Goodbye, this guitar is truly one of the most historical pieces of music memorabilia Julien's Auctions has ever had the pleasure of offering."

After playing the guitar, Lennon gave it as a 25th birthday present to Alexis "Magic Alex" Mardas in 1967, a member of The Beatles' inner circle during the sixties.

Beatles memorabilia is incredibly popular and continues to command high prices at auction, despite the group separating more than 40 years ago.

In April, a signed copy of The Beatles' 1967 record Sgt. Pepper's Lonely Hearts Club Band sold for $290,500 (£191,200) at a Texas auction.

In 2009, George Michael paid $2.1 million (£1.4 million) for the Steinway Model Z piano Lennon wrote Imagine on, while Lennon's handwritten lyrics for All You Need is Love fetched $1 million (£658,000) at auction.

In 2008 the painted drum skin featured on the cover of Sgt. Pepper's Lonely Hearts Club Band sold for $1.7 million (£1.1million) at Christie's in London. At the same sale, a pair of tinted prescription sunglasses belonging to Lennon, which the singer wore for the cover of the single Mind Games, raised $78,400 (£52,000).

The Sunday Times rich list 2013
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Beatles guitar sells for £269k at auction

The 59-year-old billionaire has an almost 30% stake in Arsenal Football club and tops the list with an estimated worth of £13.3 billion.

Blavatnik's wealth rose from £3.4 billion last year to £11 billion in 2013 making him the biggest climber. He owns Warner Music and received £2 billion in April for his stake in TNK-BP.

Indian tycoons Sri and his brother Gopi Hinduja have a wealth of £10.6 billion from the industry and finance sector. The brothers made their fortune from their family firm Hinduja Group, a textile and trading exporter founded by their father in 1914.

Mittal spent eight years at the top of the rich list but slipped down to fourth place this year when the 40% stake he holds with his wife Usha in steelmaking giant ArcelorMittal plummeted from £28 billion to £5.95 billion.

With wealth totalling £9.3 billion, Roman Abramovich is most famous for buying Chelsea FC. A £200 million drop in his fortune lowers Abramovich from third to fourth spot.

Although largely unknown in Britain, 68-year-old Fredriksen is notorious in his native Norway as owner of the world's largest fleet of oil tankers. Once Norway's richest man and now a Cypriot national, the high-school dropout's companies are major players in shipping, offshore drilling and seafood.

The British-born billionaires, the Reuben brothers, are best-known for their vast UK property empire, which includes the John Lewis Partnership's headquarters in London's Victoria.

The Duke of Westminster is the second-highest ranked British billionaire and is worth an estimated £7.8 billion. He owns property group Grosvenor Estates, and half of London's Mayfair and Belgravia, as well as vast portions of the UK and Scotland.

With no change to their wealth this year, the Bertarellis are worth £7.4 billion. Born Kirsty Roper in 1971 into the Churchill China dynasty, 41-year-old Kirsty was a model and wrote the All Saints worldwide hit 'Black Coffee'.

Charlene de Carvalho-Heineken inherited a huge stake in Heineken, the world's third-largest brewer on the death of her father Freddy Heineken in 2002. Michel is an investment banker, former Olympic skier and toboganner, and and actor who appeared in the desert epic 'Lawrence of Arabia.'


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