Apr 23, 2007 7:08 am US/Mountain
Music Memorabilia Auction Raises $2.4M
Jimi Hendrix's Guitar Sold For $480,000
NEW YORK (CBS) ―
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A pair of sunglasses donated by Bono went for $24,000. (File)
AP
A fundraising auction of music memorabilia from Jimi Hendrix, The Edge, Bono, Paul McCartney and others smashed expectations and brought in $2.4 million, some of which will go to a charity that replaces musical equipment lost to hurricanes Katrina and Rita.
"It was the best sale we've ever done," said Darren Julien, president and CEO of Julien's Auctions, which ran the event benefiting Music Rising.
A guitar owned by Jimi Hendrix was sold for $480,000.
Music Rising was co-founded by The Edge, the U2 guitarist who donated his favorite instrument, a 1975 Gibson Les Paul that he has played for years. The guitar had been expected to bring $60,000 to $80,000, but it went for $288,000, including the commission.
A pair of sunglasses donated by Bono went for $24,000, Bono is also widely known for his work as an activist concerning Africa.
Other highlights included a guitar from Bob Dylan that sold for $192,000 and a guitar from Paul McCartney that brought in $81,600.
The event Saturday night at the Hard Rock Cafe was so popular that bidding went on for three hours after the scheduled conclusion, Julien said.
The final amount going to the charity had not been tallied yet, he said. For some items, the total selling price goes to Music Rising, while other items designated a portion of the proceeds.
(© 2007 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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