Gordon Lightfoot guitar sells for huge amount of money in auction

Gordon Lightfoot’s treasured “Sundown” guitar will remain in Canadian hands after it sold for US$350,000 in an estate auction over the weekend.

Heritage Auctions says the legendary folk singer-songwriter’s 1967 Gibson B45-12 Sunburst acoustic guitar, which appeared beside him on the cover of his 1974 album “Sundown,” was the top-selling item at the public event after a prolonged bidding war.

Music memorabilia director Garry Shrum says the guitar was sold to a man sent to the Dallas-based auction on behalf of several Canadian collectors.

Lightfoot’s Gibson was one of his favourites on stage and used to compose “The Wreck of the Edmund Fitzgerald” and “If You Could Read My Mind.”

Dozens of Lightfoot’s personal belongings were auctioned off at the event, including photographs, outfits and some of his highest awards.

The estate says the auction ran for several weeks online and wrapped with an in-person bidding event on Sunday. The slate of items pulled in a total of $1.3 million with more than 1,250 bidders who participated worldwide.

Most of the hottest items were Lightfoot’s guitars with four others raking in a range of $30,000 to nearly $94,000 each.

By David Friend