Bob Dylan Acoustic Guitar Sells For Nearly $400,000
Mon, 13 Nov 2017 09:58:53
A 1963 Martin D-28 guitar once owned by Bob Dylan sold at auction for $396,000 on Saturday. Dylan used the guitar during the late 1960's and through 1976 before selling it in 1977 to his guitar repairman, Larry Cragg. Cragg paid $500 at the time, and said he has kept the guitar in a humidity-controlled environment with loosened strings ever since, and that no one has played the guitar since Dylan himself.
Dylan notably played his whole set at 1971's Concert for Bangladesh on the guitar, performing alongside George Harrison, Eric Clapton, and Ringo Starr, among others. He then took it on tour for his Rolling Thunder Revue series that spanned 57 shows between 1975 and 1976, a period that also saw the release of his 17th studio album, Desire.
When Dylan decided to switch to Gibson as his guitar company of choice, he sold this Martin, serial number 196405, alongside two others. Cragg then immediately turned around and sold the other two guitars on consignment at Prune Music in Mill Valley, California, but kept this example for his private collection. Saturday's auction included a bill of sale detailing the provenance as well as the original case used by Dylan to house it.
Heritage Auctions, who managed the listing, began the auction at $300,000. Pre-auction estimates perhaps did not fully take into account Dylan's famous Fender Stratocaster, which the artist played at the Newport Folk Festival in 1965 when he, controversially, "went electric." That piece of memorabilia sold for $965,000 in 2013 to Jim Irsay, owner of the Indianapolis Colts football team. The winning bidder for the recent auction requested anonymity.
—The ARTISTdirect Staff