Jim Irsay's Rare F1 Cars Sell for $250k at Fairly Valuable Auction
The late Indianapolis Colts owner compiled an impressive collection of memorabilia which sold at auction this week and far exceeded expectations.
The late Indianapolis Colts owner Jim Irsay created a remarkable collection of sports memorabilia in his lifetime, and it has set multiple records at auction this we ek. Much of Irsay's collection was sold at auction and brought in $93. 65 million from Thursday through Saturday, per ESPN's Dan Hajducky .
That far exceeded predictions from Christie's pre-auction estimates of $40 million. Irsay's guitar collection alone resulted in five of the top 10 most expensive guitars ever sold. Irsay paid $3.
97 million for David Gilmour's "Black Strat" guitar in 2019 and it sold at auction for $14. 55 million. Jerry Garcia's "Tiger" guitar - which Irsay bought in 2002 - sold for $11.
56 million, blowing away prior projections of $1-2 million. The Fender Mustang guitar Nirvana's Kurt Cobain used on the song "Smells Like Teen Spirit" sold for $6. 9 million, rounding out the top three most expensive guitars ever sold.