The Les Paul Foundation and Julien's Auctions held their auction of instruments, equipment and memorabilia from the estate of the late-Les Paul last Friday and Saturday, bringing in almost $5 million for the foundation.
The top lot was a 1951 Fender No-Caster guitar signed by Leo Fender that was a gift to Paul. It's original estimate was $40 to $50,000 while it actually brought $216,000.
The second highest was a Gibson Les Paul Prototype Recording Model that is listed
in the results as a 1982 model but 1969-70 in the catalog. The guitar is serial number 001 and is, most likely, the first Recording Model ever made. It was estimated at $20-$30,000 but sold for $180,000.
The Early 1940′s Epiphone Zephyr that had the third highest bid was estimated at $14 ' $16,000 and sold for $144,000.
The Les Paul Foundation was started by the guitarist to benefit music education, engineering, innovation and medical research.
The top selling items:
1951 Fender No-Caster ' $216,000 (722)
1982 Gibson Les Paul Prototype Recording Model ' $180,000 (124)
Early 1940′s Epiphone Zephyr ' $144,000
Les Paul Recording Mixing Console ' $106,250
1927 Gibson LS ' $87,500
Gibson Les Paul Custom 80th Birthday Guitar ' $75,000
1950′s Gibson Les Paul ' $75,000
1968 Gibson Prototype Les Paul Custom ' $68,750
1952 Gibson Les Paul Standard Goldtop ' $62,500
Les Paul Harmonica Rack ' $59,375
Gibson Les Paul Recording Model ' $56,250
Les Paul Steinway & Songs Grand Model B ' $52,500
1976 Gibson Les Paul #25 ' $48,000
1972 Les Paul Custon ' $46,875
Les Paul Electronics Rack ' $46,875
1975 Gibson Les Paul Recording Model ' $44,800
1961 Gibson Les Paul Custom White ' $43,750
Les Paul Iridium Club Sign ' $40,625
Gibson Les Paul Standard or Deluxe Modified ' $40,625
2003 Peavey Van Halen Wolfgang ' $35,200
1927 Gibson LS ' $31,250
Les Paul Microphone ' $31,250