This week, Jimi Hendrix's prized 1951 Epiphone FT79 acoustic guitar sold at auction for just under $260,000 at the Bonham's Entertainment Memorabilia House in London.  It was only expected to go for half of that price but a bidding war quickly took over the sale.

According to Guitar World, Hendrix bought his Epiphone in the summer of 1967 during his first tour of the U.S. with his band The Experience. Since Hendrix wasn't allowed to play electric guitar in his London flat on Upper Berkeley Street, his Epiphone became his main writing tool and was reportedly used to arrange and record his classic rendition of Bob Dylan's "All Along the Watchtower" on the album Electric Ladyland. Visit our Acoustic Guitar page and our Masterbilt Century site to read more about Epiphone's classic flattops and archtops.

And check out the video from Guitar Interactive Weekly as well as the vintage clip of Mr. Hendrix jamming out on Big Mama Thornton's classic "Hound Dog" on his Epi at a swinging 60s party in London.