Kurt Cobain Bank Payment For Guitar Revealed

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The late Nirvana frontman Kurt Cobain-owned guitar that was featured in the music video for the band’s hit song “Smells Like Teen Spirit” was recently sold for a whopping $4.5 million on Sunday. It was the billionaire Indianapolis Colts owner Jim Irsay who made the winning bid.

Kurt Cobain’s guitar was auctioned

The 1969 left-handed Fender Mustang guitar—with the brand’s Competition Lake Placid blue finish with matching headstock was estimated by Julien’s Auctions to sell for between $600,000 and $800,000. The guitar remained in Kurt Cobain’s family after the singer died by suicide in 1994, but it had been lent out for display at the Museum of Pop Culture in Seattle, Nirvana’s hometown, for the past 12 years.

“Smells Like Teen Spirit” is one of the biggest hits of the grunge band and it helped them bring the genre as a whole into the mainstream. Last year, Rolling Stone ranked the song fifth on its list of the 500 Greatest Songs of All Time.

Cobain played the guitar in Nirvana’s wildly popular 1991 video for “Smells Like Teen Spirit,” which shows a high school pep rally that develops into a chaotic mosh pit, helping drive the band’s album Nevermind to go gold within weeks of the video’s release.

Irsay has a net worth is $3.5 billion according to Forbes’ estimates said the guitar is the latest addition to his vast collection of memorabilia related to rock music, American history and pop culture.

It has been also noted that a portion of the proceeds was donated by the Cobain family to Kicking the Stigma, the Irsay family’s initiative that raises awareness about mental health and offers grants to Indiana-area nonprofits, Irsay said in a tweet.