Nashville, Tenn. • The first production model Fender Stratocaster guitar has been sold for $250,000.
George Gruhn of Nashville sold the 1954 guitar on consignment for owner and guitar historian Richard Smith. Gruhn said Thursday that the guitar was shipped and the purchase finalized this week.
Gruhn, who owns a Nashville guitar shop, says the buyer wanted to remain anonymous, but he said the private collector lives in the United States and is not a professional musician. Gruhn also says he encouraged the buyer to contact the Musical Instrument Museum in Phoenix about displaying it.
"I think it would be great if periodically he would loan it out," Gruhn said. "I would hate to think that it would spend the next 40 or 50 years completely out of sight and not seen or heard."