"Jimmy Page's generously donated guitar from half a century ago, a competition prize in a magazine, now anticipated to fetch an impressive $67,000 at auction"

"Jimmy Page's generously donated guitar from half a century ago, a competition prize in a magazine, now anticipated to fetch an impressive $67,000 at auction"

In 1974, legendary guitarist Jimmy Page gave away a prized possession - his 1957 Gretsch Chet Atkins 6120 electric guitar - as a competition prize in the New Musical Express magazine. The winner of that competition, Charles Reid from Hornsey, North London, has now seen the value of that guitar skyrocket.

The guitar, which Page bought in Nashville for about £200 (~$450) in 1972, is expected to sell for anywhere between $40,359 and $67,265 (£30,000 and £50,000) at auction on September 9. The auction is being handled by the Gardiner Houlgate auction house.

Charles Reid kept the guitar until September 1990 and later sold it to Phil O'Donoghue, a guitarist in a '70s band called Wild Angels, for £2,000 (~$2,700). The guitar is now being sold by the family of Phil O'Donoghue.

The guitar's value has greatly appreciated over the years due to its historical and collectible value. This increase in value is reflected in the auction's expected price, which is a far cry from the few hundred dollars Page initially paid for it.

Jimmy Page's guitars are highly sought after by collectors, investors, and fans of Led Zeppelin. Recently, Page announced the Sundragon Nymph, a boutique, Page-co-founded brand's smallest-footprint, low-wattage combo.

Copies of the New Musical Express magazine showing the competition for the guitar and a photo of Page giving it to the winner, Charles Reid, are available. The auction of this iconic guitar promises to be a significant event for music memorabilia collectors.

[1] New Musical Express article [2] Gardiner Houlgate auction house announcement [3] BBC News article [4] The Guardian article [5] Guitar World article

1. Jimmy Page's 1957 Gretsch Chet Atkins 6120 electric guitar, given away by him in a competition in the New Musical Express magazine in 1974, is set to be auctioned off by the Gardiner Houlgate auction house on September 9.
2. The electric guitar, initially purchased by Page in Nashville for approximately £200 (~$450) in 1972, is expected to sell for between $40,359 and $67,265 (£30,000 and £50,000), due to its historical and collectible value.
3. Charles Reid, the winner of the competition, kept the guitar until 1990 and later sold it to Phil O'Donoghue, a guitarist in the '70s band Wild Angels, for £2,000 (~$2,700).
4. The auction of this guitar promises to be a significant event for music memorabilia collectors, and copies of the New Musical Express magazine showing the competition and a photo of Page giving it to Reid are available.
5. Jimmy Page's guitars are highly valued by collectors, investors, and fans of Led Zeppelin, and recently he announced the Sundragon Nymph, a low-wattage combo from a boutique brand he co-founded.
6. Guitars, gadgets, and other technology-related items often intersect with entertainment, pop-culture, and the world of celebrities, as demonstrated by this auction of an electric guitar owned by a renowned music icon.

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