"This is a really important guitar when we're talking about the history of the electric guitar," Lee said. Lee noted that this guitar served as inspiration for more well-known milestones in the history of the electric guitar, such as Les Paul's "Log."
"Normally, when you see guitars go for more than a million dollars, they're affiliated with some artist, or signed by someone, something of that nature," Orkin said.
Despite the historical relevancy and rarity, Orkin was surprised by the high price tag. Only around 50 of these guitars were produced, and six or seven are known to exist today, Orkin said. READ MORE: Do-Drop Inn: Decades of serving soul food and respect "So this guitar was a really unique piece of guitar history." "You had the Vib-Rola system, designed by Doc Kauffman, who went on to collaborate with Leo Fender, and a body produced by Harmony, which was another big instrument manufacturer of the time," Orkin said. Orkin noted that this guitar holds specific historical relevancy not only as, arguably, the first modern electric guitar, but as a collaboration between some of the pioneers of the guitar industry. "Electric guitars like this, the "Spanish style," really took off with jazz and a lot of the big band music of the time." "This was the popular guitar music of the time," Orkin said. Prior to the Ken Roberts model, Orkin said, Rickenbacker built the Frying Pan, a Hawaiian-style of guitar typically played with a slide. "There's a lot of debate about which was truly the first one of course."
"What makes this guitar special is that it is what most people consider the first modern electric guitar," Orkin said. RELATED: Guitar-maker starts charity for rescued Millsboro dogsĭan Orkin of, a popular marketplace and resource for new and vintage gear based in Chicago, said the guitar fits into a unique place in history. The buyer, according to the contract, will pay Lee via 10 installments of $687,500, with the final one due on Jan. The buyer of the guitar, who wished to remain anonymous, is part of an American historical preservation group. "This is the guitar that sent guitars from the Wright Brothers into jet turbines, this is the foundation for every other electric guitar ever made." "This is really a forgotten piece of history," Lee said. The world's most expensive production guitar is the "Eden of Coronet," a Gibson SG studded with 11.441 diamonds and 1.6 kg of white gold, valued at $2 million, according to Guinness World Records. Benefiting the charity of the same name, the "Reach Out to Asia" Strat sold at auction for $2.7 million on Nov. MORE: $7.5 million guitar sale questioned by professionalsĪccording to Guinness World Records, the record holder for a guitar sold at auction is held by the "Reach Out to Asia" Fender Stratocaster, signed by Bryan Adams, Eric Clapton and Keith Richards, among others.
Lee provided with a notarized bill of sale, but the news agency couldn't independently verify the $7.5 million price. The 1935 Rickenbacker full-scale electro-Spanish guitar, which Lee refers to as "the most important guitar you've never heard of," sold for $7.5 million, according to contract documents of the sale dated Friday, March 3. A Rickenbacker electric guitar sold by Nick Lee of Nicholas Lee Guitars in Lewes may have garnered a world-record price.
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