Dylan's Newport guitar sells in NY for $965,000

ULA ILNYTZKY Associated Press Published:

NEW YORK (AP) -- The guitar that Bob Dylan plugged in when he famously went electric at the 1965 Newport Folk Festival has been sold at auction for a record $965,000.

Christie's auction house is not identifying the absentee buyer who purchased the instrument Friday. Christie's says it is the highest price ever paid for a guitar sold at auction.

The Newport festival was a defining moment that marked Dylan's move from acoustic folk to electric rock 'n' roll.

The guitar has been in the possession of a New Jersey family for nearly 50 years. Dylan left it on a private plane.

The auction also offered five lots of hand- and typewritten lyric fragments found inside the guitar case. But only one of them sold. It went for $20,000.