Dylan Sells Big

Vintage acoustic guitar sells for nearly $400,000 at auction 

By Gary Graff
November 13, 2017

As expected, the acoustic guitar Bob Dylan played during the 1970s fetched big bucks at auction over the weekend. An anonymous winning bidder paid $396,500 for the 1963 Martin D-28 in an auction conducted Saturday (Nov. 11) by Heritage Auctions in Dallas.

Dylan played the guitar during several notable shows, including at George Harrison’s Concert For Bangladesh in 1971 and during the Rolling Thunder Revue tour in 1975-76; Heritage predicted it would sell for up to $300,000 when it was first listed.

The guitar was offered by Dylan’s former guitar tech Larry Cragg, who bought the instrument from Dylan for $500 in 1977. Cragg claims he’s never played the guitar and kept it in original shape in a temperature- and humidity-controlled environment; in a statement Cragg — who’s also worked for Neil Young, Bruce Springsteen, Carlos Santana, Prince and others — says “it’s kind of past being a guitar now. It’s the kind of thing that you’d think that people would put in a glass case or in a museum somewhere.”

Dylan guitars have sold for big bucks in the past; The Fender Stratocaster he played at the 1965 Newport Folk Festival fetched nearly $1 million back in 2013 at a Christie’s auction in New York City.