Eddie Van Halen famed electric guitar had been put up for auction, and according to the report by TMZ, it could fetch up to $1.5million.
According to the report by TMZ, the late music virtuoso’s striped 1985 Kramer studio guitar is hitting the auction block on GottaHaveRockAndRoll.comstarting today, through March 13.
And the piece of guitar history is expected to fetch between $1,000,000 and $1,500,000, with a starting bid of $700,000.
By the way, there’s a whole story behind this Eddie Van Halen guitar … Eddie presented his prized possession to a gentleman named Michael Gutierrez, who entered a 1985 contest during the NAMM guitar show.
The contest was titled, “One lucky winner will win one of Eddie Van Halen’s personally owned Kramer Guitars.”
More than 100,000 people signed up for it, and, guess what … Gutierrez was the lucky winner! And get this … he’s also the consignor in the auction, meaning he will deliver the guitar right to the highest bidder.