Guitar Stories: Elvis Presley’s $5 Million Valuation – World’s Priciest Instrument

Guitar Stories: Elvis Presley’s $5 Million Valuation – World’s Priciest Instrument

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Guitar Stories: Elvis Presley's $5 Million Valuation – World's Priciest InstrumentGuitar Stories: Elvis Presley's $5 Million Valuation – World's Priciest Instrument

Elvis Presley’s iconic cherry red guitar now holds the title of the world’s most expensive instrument. The guitar now is with a valuation of $5 million. This valuation surpasses the previous record held by Kurt Cobain’s Martin D-18E, which sold for £4.85 million at auction.

The renowned guitar, a cherry red Hagstrom Viking II electric model, is a semi-hollow-body design known for its distinctive tone and unique features. Crafted by the Swedish company Hagstrom, this model gained popularity in the 1960s due to its versatility and warm, resonant tones that attracted musicians across genres.

Most notably, this red guitar played a pivotal role in Elvis Presley’s acclaimed ’68 Comeback Special performance. Broadcast on December 3rd, 1968, the concert marked a turning point in Presley’s career, revitalizing it after a period of stagnation.

The guitar became Presley’s cherished lucky charm after the success of the broadcast, even gracing the cover of his subsequent album “Elvis in Memphis.” This album spawned hits like ‘Suspicious Minds’ and ‘In the Ghetto,’ setting the stage for his legendary Las Vegas residency.

The cultural impact of the ’68 Comeback Special endures, even influencing Baz Luhrmann’s biopic “Elvis,” further elevating the guitar’s value to the remarkable $5 million mark.

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