A 1963 Martin acoustic guitar favoured by Bob Dylan for a decade has sold at auction for $396,500 — nearly $100,000 more than the original starting point.
As reported recently, Dylan’s 1963 Martin D-28 was set to be auctioned by Heritage Auctions at a starting bid of $300,000. The winning bidder has requested to remain anonymous, but is now the proud owner of an instrument that hasn’t been played by anyone since Dylan himself in 1977.
“It was one of his favourite instruments,” said Larry Cragg, former guitar repairman for Dylan and the seller of the acoustic. “It’s been a pleasure owning this incredible piece of music history, but the time is right for it to find a new owner who will appreciate it as much as Bob and I did.”
Cragg stored the guitar in a humidity-controlled environment with its strings loosened since purchasing it for $500 from Dylan in 1977, ensuring the instrument was kept in immaculate condition. The original receipt from this 1977 exchange was also included in the final sale.
Dylan used the acoustic at notable performances including the 1971 Concert for Bangladesh, where he performed alongside the likes of George Harrison, Eric Clapton, and Ringo Starr, and during his Rolling Thunder Revue tour.