Iconic Instrument from Beatles’ Early Days Hits the Auction Block

  • George Harrison’s 1958 Resonet Futurama guitar to be auctioned off for $600,000-$800,000
  • Guitar featured in many of the Beatles’ early performances and recordings
  • Instrument has only appeared at auction once before in 2019
  • Music memorabilia becoming a strong segment in the overall auction market

A 1958 Resonet Futurama solid body electric guitar owned and played by George Harrison will be auctioned off for an estimated $600,000-$800,000 at Julien’s Auctions event in Nashville, TN. The guitar was a key part of the Beatles’ early performances and recordings. Since its last appearance at auction in 2019, music memorabilia has become a strong segment in the overall auction market. Notable sales include Dusty Hill’s signature Fender Precision bass guitar for $393,700 and Noel Gallagher’s Epiphone Les Paul Standard electric guitar for £132,000 ($172,889). The Futurama guitar will be displayed at the Beatles Story museum in Liverpool before heading to the auction in November.

Factuality Level: 8
Factuality Justification: The article provides accurate information about George Harrison’s 1958 Resonet Futurama guitar and its auction estimate, as well as relevant context on the current market for music memorabilia. It also includes quotes from a relevant source and details about related sales of other musicians’ instruments. However, it could benefit from more background information on the significance of this particular guitar to Harrison and the Beatles, and the history of the Futurama brand.
Noise Level: 4
Noise Justification: The article provides information about a specific guitar owned by George Harrison and its auction details, but lacks in-depth analysis or exploration of broader trends or consequences. It also does not offer actionable insights or new knowledge beyond the basic facts.
Public Companies: Sotheby’s (BID), Polydor Records ()
Private Companies: Julien’s Auctions,Bonhams
Key People: Martin Nolan (executive director and co-founder of Julien’s Auctions), Phil Hylander (British guitar collector)

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Financial Relevance: No
Financial Markets Impacted: No
Financial Rating Justification: The article discusses a 1958 Resonet Futurama guitar owned and played by George Harrison, which is being auctioned off with an estimate of US$600,000-US$800,000. It mentions the Beatles’ early performances and other music memorabilia sales, but does not pertain to financial topics or directly impact financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Deal Size: The deal size for George Harrison’s 1958 Resonet Futurama guitar is estimated to be between $600,000 and $800,000.
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Large
Affected Instruments: Stocks, Music Memorabilia

Reported publicly: www.barrons.com