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John Lennon acoutic guitar could set auction record

A rather unremarkable looking guitar is one of the most coveted instruments to ever come to auction. It belonged to John Lennon and he used it while writing several of the Beatles early hit songs. The Gibson will be auctioned by Julien's in Beverley Hills and is expected to go to a buyer that will pay $850,000 to a million dollars for the privilege of becoming its next owner. The bass drum head from the kit Ringo played when the Beatles performed on the Ed Sullivan Show is also in the same auction.