“Back of headstock reveals:#1 Edward Van Halen Model”: Eddie Van Halen’s 1982 Kramer – also owned by Mick Mars – heads to the auction block. Is this the next multi-million dollar guitar?

Eddie Van Halen's 1982 Kramer: finished in red, black and white stripes, this was a an early Kramer design that was later owned by Mick Mars.

A 1982 Kramer owned and stage-played by the late, great Eddie Van Halen is heading to auction, with the red-black-and-white custom-build expected to become the world’s next seven-figure electric guitar.

How much are we talking? Sotheby’s, who is hosting the auction in October this year, estimates that it will fetch between $2 million and $3 million. Though these estimates can be conservative, particularly in today’s market.