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Bob Dylan's Historic Newport Folk Festival Guitar Auctioned for Close to $1 Million

The Estate of David Gahr/Getty ImagesThe Fender Stratocaster guitar that Bob Dylan played when he "went electric" at the 1965 Newport Folk Festival sold at a New York City auction on Friday for a record-breaking price.  The instrument brought in an impressive $965,000, which, according to Christie's is the highest price a guitar has ever fetched at an auction.  It was bought by an anonymous bidder.

Christie's auctioneer and specialist Tom Lecky said after the sale, "A tremendous amount of international interest was generated at the time of the sale's announcement, and today's result justifies the mythic status of this guitar in the annals of music history."

Rolling Stone reported over the summer that the woman who sold the guitar, Dawn Peterson, decided to put it up for auction after a legal settlement was reached with Dylan.  The guitar had been left on a private plane piloted by Peterson's late father, Vic Quinto, and had been in her family's possession ever since.

A 2012 episode of the PBS series History Detectives focusing on the guitar featured researchers and experts who concluded that the instrument was the same Stratocaster that Dylan had used at the 1965 Newport Folk Festival.

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