Bob Dylan’s guitar used in Concert for Bangladesh fetches $396,000

The guitar Bob Dylan played at the Concert for Bangladesh has been sold at an auction for nearly $400,000. The guitar, which was also used during his Rolling Thunder Revue, was sold on November 11. An anonymous buyer purchased the 1963 Martin D-28 acoustic guitar from Heritage Auctions for $396,000, reports the Rolling Stone. According to the report, the guitar was sold at a price for nearly $100,000 more than its expected top bid. Larry Cragg, who served as Dylan's guitar repairman, put up the guitar for auction, the Rolling Stone reports quoting the Associated Press. According to the receipt which was included in the sale along with additional provenance showed Cragg had purchased the guitar from the music icon in 1977 for $500."According to Cragg, he has kept the guitar in a humidity-controlled environment, with loosened strings for the forty years it's been in his possession, and it has not been played since it was wielded by Bob Dylan in 1977," Heritage Auctions said of the guitar. Dylan used the guitar while performing at George Harrison's famed Concert for Bangladesh in New York and also while touring with his Rolling Thunder Revue in the mid 70s. However, in 1977, Dylan decided to perform solely with Gibson guitars and sold the instrument to Cragg. In 2013, Dylan's sunburst Fender Stratocaster from the 1965 Newport Folk Festival was sold at an auction for $965,000.