Music memorabilia fans lined up to bid on the black Fender Stratocaster at the Playboy Club in Park Lane, London last night when the iconic lot went under the hammer.
The guitar was later given to his record company Anim Limited, where it fell into the hands of James 'Tappy' Wright, a manager at the firm.
Wright, 69, from Newcastle, decided to sell it to help fund his retirement in Florida.
It had been given a pre-sale estimate of £120,000 but the sheer amount of interest in it led to the sale price to rocket.
It sold at auction for 205,000 pounds, but with all the fees added on the overall price paid for it was £237,000.