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John Lennon Acoustic Guitar Set To Sell For £500,000 At Auction

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A once-thought lost guitar that John Lennon used to write "I Want To Hold Your Hand" is set to fetch nearly £500,000 when it hits the auction block.

The Gibson J-160E acoustic guitar is expected to sell for up to $800,000 in November, according to Julien's Auctions, which specializes in entertainment memorabilia.

According to the auctioneer, Lennon also used the guitar while recording some of the Beatle's early songs, such as "P.S. I Love You" and "Love Me Do."

He played it during live performances and the guitar can be seen in a video of the band from 1963. Lennon also used the guitar to co-write some of the Beatle's biggest hits with Paul McCartney, including "She Loves You" and "All My Loving."

After being lost for 50 years, the guitar was identified last year by Andy Babiuk, an author and expert on instruments used by the Beatles.

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