John Lennon’s Lost Guitar Sells for $2.4 Million at Auction

An acoustic guitar that John Lennon used to record such Beatles hits as “I Want to Hold Your Hand” and “She Loves You” nabbed a whopping $2.4 million at an auction Saturday.

The Beverly Hills auction house Julien’s Auctions announced the sale of the 1962 J-160E Gibson Acoustic guitar on Saturday and called it “the most important Beatle guitar ever to hit the auction block.” The guitar had been missing for 50 years, since it mysteriously disappeared after a concert 1963, according to a release from the auction house.

Lennon originally purchased the guitar in 1962 for £161, and Beatles bandmate George Harrison bought an identical one at the same time. Lennon replaced his guitar with a 1964 model after the first one went missing.

The guitar resurfaced after a man noticed similarities between a guitar in his collection to that of one in a magazine story about Harrison’s guitar collection, says the release. An expert in the subject was able to confirm that it was in fact Lennon’s guitar.

Other hits Lennon recorded on the instrument include “All My Loving,” “Please, Please, Me,” “From Me to You” and “From Me to You.”

The final sales price massively exceeded the auction house’s estimates, which had it selling at $600,000-$800,000. The company also sold the drumhead used on the Beatles’ breakthrough performance on “The Ed Sullivan Show” for $2.05 million on Saturday.

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