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One of John Lennon’s Guitars Is Worth More Than a Bugatti

At least to its buyer at a recent auction.

One of John Lennon‘s guitar has sold at a U.S. auction for $2.4 million (the base price of a 2015 Bugatti Veyron 16.4 is $1.7 million). The Gibson J-160E was bought by Lennon in 1962 for $240 and was used by the late-Beatles member while recording the band’s “Love Me Do.” It was sold to an anonymous bidder by Julien’s Auctions, and was originally only expected to be purchased for a third of the price of what it sold for. The guitar was originally lost in 1963 and was thought to be gone forever before it was recovered years later.

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