By Lisa Stanley

On Friday, Bob Dylan’s famous electric Fender Stratocaster sold for $965,000, making it the highest price ever paid for a guitar at auction.

Dylan’s famous Fender used 48 years ago to perform at the Newport Folk Festival in 1965, where he famously went plugged in for the first time in his career.

Christie’s Auction House had expected the guitar, which was sold with its original black leather strap and Fender hard shell case, to go for about $300,000.

Christie’s acquired the guitar from a family in New Jersey who found the guitar on a private plane 50 years ago after the singer left it. The auction house also offered up five lots of hand and typewritten lyric fragments found inside the guitar case, one of them being an early draft of “I Wanna Be Your Lover.”

The previous record for a guitar sold at Christie’s was held by Eric Clapton, whose Fender he nicknamed ‘Blackie’ sold for $959,000 in 2004.

Listen to more on the story in the full Entertainment Report below!


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