Prince's guitar auctioned for record $700K

Prince performs on American Idol
Prince performs during the "American Idol" season 5 finale on May 24, 2006, at the Kodak Theatre in Hollywood, Calif.
Vince Bucci | Getty Images 2006

A bidding war resulted in a $700,000 price tag for a Prince guitar — the highest price ever paid for one of the late icon's guitars, according to Julien's Auctions.

The blue teal "Cloud" guitar went far above the $60,000 to $80,000 expected at the Saturday auction. The guitar was one of several items up for sale by rock legends.

A Michael Jackson black and white rhinestone glove sold for $102,000 while a red snakeskin jacket in the mold of the one he wore in his "Beat It" video sold for $118,000. A MTV Video Music Award Moonman won by Kurt Cobain went for $62,500; a Nehru shirt worn by Jimmy Hendrix sold for $106,000, and handwritten lyrics to David Bowie's "Starman" was sold for $81,000.

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