Hendrix burnt guitar fetches £280,000 at auction—half the asking price
PUBLISHED: 22:56 04 September 2008 | UPDATED: 13:36 05 October 2010
AN AMERICAN music boss paid £280,000 tonight (Thurs) for the lost legendary Jimmy Hendrix guitar which has been missing for 40 years. The 1965 Fender Stratocaster was sold at a showbiz memorabilia auction in London’s East End with lots that also included the first Beatles contract with Brian Epstein and a set of Elvis Presley’s fingerprints
ABOVE: The legendary Hendrix guitar that delighted Daniel (right) gets for half its asking price
BELOW: The auctioneer hammers out a successful night's auction and (bottom) Elvis Presley's dabs on a 1970 gun license application form
AN AMERICAN music boss paid £280,000 tonight (Thurs) for the lost legendary Jimi Hendrix guitar which has been missing for 40 years.
The 1965 Fender Stratocaster was sold at a showbiz memorabilia auction in London’s East End with lots that also included the first Beatles contract with Brian Epstein and a set of Elvis Presley’s fingerprints.
The bid for the Hendrix guitar was won by a delighted Daniel Boucher, 51-year-old music company boss from Massachusetts who flew over to London specially for tonight’s auction, held at Bethnal Green’s Idea Generation Gallery.
The guitar had been expected to fetch £500,000—but he got it for little more than half that.
“I’ve got myself a bargain,” he told the East London Advertiser afterwards.
“The credit crunch worked for me.”
He is taking the guitar back to the US where he will play it himself.
“It still works and I’ll plug it in,” he added. “I can’t wait to hear it—I’m absolutely delighted.”
There was fierce bidding by phone. But Daniel was present in the gallery and managed to beat off the competition from agents acting for clients around the world.
The guitar was the first one to be famously burned by the Rock icon and was the highlight of the packed auction.
Other pieces under the hammer included the first fully-signed Beatles contract with Brian Epstein in 1962, which attracted a bid of £240,000, but that was below the reserve price.
Within hours of the auction, an anonymous collector made a “substantial” offer by phone which is now being considered by the Fame Bureau auction house.
The legendary Bechstein grand piano from the Trident Studio—used by The Beatles for Hey Jude on the famous White album and by Elton John, David Bowie and Freddie Mercury—fetched a top bid of £280,000, but again below the reserve price and it will now be up for auction in New York later this year.
Nevertheless, auction bosses declared the night a success—but admitted most items went for way less than the guide prices. Only two dozen items out of 250 lots met expectations.
The only known existing record of Elvis Presley’s dabs, on a 1970 gun permit application form for a .38 revolver, sold for £46,000—it had been expected to fetch £75,000.
Doors’ frontman Jim Morrison’s last notebook detailing his final days in Paris in 1971 went for £58,000, little over half its asking price.
The Bustier worn by Marilyn Monroe in the 1959 film Some Like It Hot sold for £20,000, just £10,000 short of what was expected.