About a month ago, it was announced that the left-handed blue 1969 Fender Mustang guitar that Kurt Cobain played in the “Smells Like Teen Spirit” video was going up for auction. Juliens, the auction house, said they expected it to sell for between US$600,00 and US$800,000.
When the gavel came down on Saturday (May 21), the selling price was US$4,500,000. The buyer was Jimmy Isray, the owner of the Indianapolis Colts. He had this to say:
“I am thrilled to preserve and protect another piece of American culture that changed the way we looked at [the] world, The fact that a portion of the proceeds will go toward our effort to kick the stigma surrounding mental health makes this acquisition even more special to me.”
That’s a lot of money to pay for a guitar. But remember that the 1959 Martin D-18E acoustic that Kurt played for MTV Unplugged? It sold for US$6 million.