The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Clapton guitar upstages Fender sale

frontend-03.jpg

Never mind the rumoured $500 million sale of guitar maker Fender. If just one of its guitars is touched by the hand of God, it can raise $1 million by itself.

Eric Clapton?s fans in the 1960s proclaimed he was God. Now his treasured ?Blackie? Fender Stratocaster has fetched $959,500 at Christie?s in New York ? the record for a guitar.

It was only expected to attract $150,000 but started a bidding war. So who could afford to pay so much for one guitar? One of the Goldman Sachs bankers said to be looking for a buyer for Fender? No, in the end it went to The Guitar Center chain.

Clapton first played Blackie in 1973 but retired it in 1991 as it was wearing out. That and other guitars in the auction raised $7.4 million for his Crossroads addiction clinic.

Fender, privately owned, has declined to comment on a possible sale. 


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree