JIMI HENDRIX: 1966 Fender Mustang Guitar Sells For $400,000

Reuters is reporting that Jimi Hendrix's 1966 Red Fender Mustang guitar fetched $400,000 at an auction Saturday (April 21) to benefit musicians who lost everything in Hurricane Katrina.

The auction at New York's Hard Rock Cafe by Julien's Auctions raised $2,436,900, including a 20 percent buyer's fee, for Music Rising, a charity set up by U2 guitarist The Edge and other musicians after the 2005 Gulf Coast hurricane. It marked the first time such a wide selection of U2 memorabilia was available to collectors, organizers said.

Read more at www.reuters.com.

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