Earlier this month, Julien's announced that it would be selling Prince's Cloud 3 electric guitar. Originally boasting an estimated value of between $400,000 and $600,000, the guitar has now sold for a whopping $910,000.
It's a remarkable increase in value for a guitar that was sold, in 2005, by Christie’s for just £4,200 (around $8,114 at the time), and is the third guitar to be auctioned off by Julien's for north of $500,000 this week, following Bob Dylan and Robbie Robertson's 1965 Fender Telecaster – which fetched $650,000 – and John Lennon’s long-lost Help! Framus 12-string guitar, which sold for an incredible $2,857,000.
