MOG

American collector Daniel Boucher shelled out $493,708 or £280,000, at the Fame Bureau's "It's More Than Rock And Roll" auction in London yesterday, for the 1965 Fender Stratocaster Jimi Hendrix set a flame at his '67 Astoria Finsbury Park concert. Hendrix suffered minor burns from the onstage antic. Hendrix's then press officer, Tony Garland, had stashed the guitar in his parent's garage. His nephew found it earlier this year.

To be quite honest, I think it's worth more - closer to a million. Anyone agree?

Even the buyer, Boucher, admitted, "I thought I'd have to pay a little bit more for it, actually." Boucher then added, "I am going to play it," which makes me sort of hate him.

Maybe it's the recession, but I also thought the original Rolling Stones lips logo should have fetched more than it did last week. Wasn't there a time when these type of things fetched more at auctions? Perhaps I'm thinking of all the Beatles/John Lennon stuff.

On that note, in the same auction yesterday, the Beatles first contract with famed manger Brian Epstein, which sports the John Hancocks of all four members fetched almost as much as Hendrix's guitar - a cool £240,000 ($423,313.) Another Beatles relic, the hand-carved lyrics for "Sexy Sadie" off The Beatles' White Album, sold for £32,000 ($56,441.)

Also sold was Jim Morrison's last notebook. it went for £58,000 ($102,303.)