When ever Beatles memorabilia goes up for auction, it brings in some major coin. A guitar John Lennon handed off to his cousin after recording a Beatles' hit is going up for auction and it's expected the price tag on the item will be well over a million dollars.

Online Auction house TracksAuction.com says the Gretsch 6120 is one of the most significant Lennon guitars to come on the market. The guitar only had two documented owners - Lennon and his cousin David Birch. The late Beatle played the guitar on the recording of the Beatles' classic "Paperback Writer" and then gave it to his cousin a year later after Birch says he asked if Lennon had a guitar he no longer wanted.

The auction opens for online bidding on Friday. It also includes a copy of the Beatles' "Sergeant Pepper's Lonely Hearts Club Band" signed by all four of the band's members, as well as three school detention sheets for Lennon from Liverpool's Quarry Band High School.

loading...

More From 96.1 The Eagle