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Bob Dylan’s acoustic guitar sells for nearly $400,000

A guitar Bob Dylan owned in the 1970s has smashed auction expectations after selling for nearly $400,000 (£304,800).
The rock veteran played the 1963 Martin D-28 acoustic guitar extensively while he was touring, including using it for his performance at George Harrison’s Concert for Bangladesh in 1971 and his Rolling Thunder Revue tour from 1975 to 1976.
Larry Cragg, the star’s former guitar repairman, purchased the instrument from Dylan in 1977 for $500 (£380), and put it under the hammer in Heritage Auctions’ sale in Dallas, Texas on Saturday (11Nov17).
Experts predicted the lot would go for more than $300,000 (£228,600), and it did, with the price soaring to $396,500 (£302,100). The new owner has chosen to stay anonymous, reports The Associated Press.
Dylan’s former guitars have proven to be popular at auctions in the past – a Fender Stratocaster he played at the 1965 Newport Folk Festival when he went electric was snapped up for close to $1 million (£762,700) in 2013.

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