Topline

A guitar formerly owned by Nirvana frontman Kurt Cobain that was featured in the music video for the band’s hit song “Smells Like Teen Spirit” sold for $4.5 million on Sunday, after billionaire Indianapolis Colts owner Jim Irsay made the winning bid.

Key Facts

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The 1969 left-handed Fender Mustang guitar—with the brand’s Competition Lake Placid blue finish with matching headstock—far surpassed expectations, after being estimated by Julien’s Auctions to sell for between $600,000 and $800,000.

Cobain played the guitar in Nirvana’s wildly popular 1991 video for “Smells Like Teen Spirit,” which shows a high school pep rally that develops into a chaotic mosh pit, helping drive the band’s album nevermind to go gold within weeks of the video’s release.

Irsay—whose net worth is $3.5 billion according to Forbes‘ estimates—said the guitar is the latest addition to his vast collection of memorabilia related to rock music, American history and pop culture.

A portion of the proceeds were donated by the Cobain family to Kicking the Stigmathe Irsay family’s initiative that raises awareness about mental health and offers grants to Indiana-area nonprofits, Irsay said in a tweet.

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Credit: www.forbes.com /

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