Auction Raises Over $5 Million for the Les Paul Foundation
June 12, 2012
|Last weekend's auction of guitars and memorabilia owned by the late Les Paul raised nearly $5 million for the Les Paul Foundation.
The foundation, which was established by Paul, supports music education, engineering, innovation and medical research.
The "Property from the Estate of Les Paul" auction, which took place at Julien's Auctions in Beverly Hills, California, on Friday and Saturday, included equipment, memorabilia, and instruments that spanned Paul’s career from his days as Rhubarb Red to his Monday-night shows at Iridium Jazz Club in New York City.
Julien’s Auctions said on Sunday that the auction fetched record-setting prices for guitars. A 1951 Fender No-Caster sold for $216,000; a 1982 Gibson Les Paul prototype recording model went for $180,000; a 1940s Epiphone Zephyr fetched $144,000.
Research notes, a sign for the Iridium, and a custom license plate were among other items sold.
Paul was best known in the music community as an inventor of guitars and a pioneer of recording techniques. He died in 2009 at 94 from complications of pneumonia.