Dylan's 1963 Martin D-28 Sells for $396,000 at Auction

Bob Dylan's 1963 Martin D-28—which he played at the 1971 Concert for Bangladesh and is only the second known Dylan guitar to go to auction—has been sold by Heritage Auctions for $396,000.
By Michael Molenda and Jackson Maxwell ,

 Image courtesy Heritage Auctions.

Bob Dylan's 1963 Martin D-28—which he played at the 1971 Concert for Bangladesh and is only the second known Dylan guitar to go to auction—has been sold by Heritage Auctions for $396,000.

“This was one of his favorite instruments,” said owner Larry Cragg, who served as Dylan’s guitar repairman. “It has been a pleasure owning this incredible piece of music history, but the time is right for it to find a new owner who will appreciate it as much as Bob and I did.”

Nicknamed “Bob” by Cragg, Dylan owned and played the D-28 for at least a decade spanning the late 1960s through the late 1970s. However, in 1977, Dylan switched to Gibson guitars, and offered his two 000-18s and the D-28 for sale. Cragg bought the D-28 immediately, and kept the April 8, 1977 bill of sale and Prune Music receipt, which reads: "Bought from Bob Dylan Martin D-28 #196405 and case for $500." Since that day, the guitar has not been played since Dylan last used it in 1977, and Cragg has kept it in a humidity-controlled environment with the strings loosened.

We were also surprised—and kind of thrilled, actually—that the sale included a 1977 article on Cragg from Guitar Player. I wonder if GP will ever get a taste of that $396,000...

Here's Dylan playing the guitar during the Bangladesh concert...

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