Les Paul guitar auction fetches nearly $5M

BEVERLY HILLS, Calif. (AP) — An auction of guitars and memorabilia owned by the late Les Paul, known as the godfather of the electric guitar, has raised nearly $5 million for a foundation in his name benefiting music education and innovation.

Julien’s Auctions of Beverly Hills said Sunday that the two-day sale fetched record-setting prices for guitars. The items most coveted by rock musicians, museum curators and collectors included a 1951 Fender No-Caster, which sold for $216,000, a 1982 Gibson Les Paul that went for $180,000 and a 1940s Epiphone Zephyr that fetched $144,000.