Bob Dylan's Concert for Bangladesh acoustic guitar sells for $400,000 at auction

The guitar Bob Dylan played at the Concert for Bangladesh and during his Rolling Thunder Revue sold at auction Saturday for nearly $400,000, exceeding pre-auction estimations.

Heritage Auctions in Dallas says a buyer requesting anonymity paid $396,500 Saturday for the singer-songwriter’s 1963 Martin D-28 acoustic guitar, reports AP.

"Dylan notably used the guitar while performing at George Harrison's famed Concert for Bangladesh in New York as well as in the mid-Seventies while touring with his Rolling Thunder Revue," according to a Rolling Stone report.

Former Beatles lead guitarist Harrison and legendary Indian sitar maestro Ravi Shankar organised the concert in New York during Bangladesh's Liberation War in 1971 to raise funds for the refugees who fled genocide by Pakistani forces and their local collaborators to India. 

In 1977, Dylan decided to play Gibsons instead of Martins so he sold the D-28 to Larry Cragg, a noted guitar tech and musician, who was also Dylan’s guitar repairman. The original purchase receipt, which was included in the offering, shows Cragg bought the guitar from Dylan for $500.

A Fender Stratocaster Dylan played at the 1965 Newport Folk Festival when he went electric sold for nearly $1 million in 2013.