Kurt Cobain's Guitar Auctioned

Kurt Cobain's 1969 Fender Mustang guitar that appeared in Nirvana's worldwide popular hit, "Smells Like Teen Spirit" was auctioned for about $5 million at Julien's Auctions, media agencies reported on May 22.

It was sold to the Jim Irsay Collection, the famous music artefacts collections. The guitar was auctioned for 4.5 million.

The Cobain family is donating with the belongings of the late guitarist and singer on the occasion of the Mental Health Awareness month.

The CEO officer of Juline's Auctions said: “To have this legendary guitar, one of the most culturally significant and historically important guitars of Kurt Cobain and in all of rock music history return to my home state of Indiana to be part of Jim Irsay’s renowned memorabilia collection is a great honor and personal highlight of my life,” adding: “This once-in-a-lifetime auction has been one of the greatest privileges in my professional career and I’m duly pleased that the proceeds will also bring much needed attention to mental health awareness.”

Other belongings of the iconic guitarist such as "Baby Blue" Dodge Dart, and it was sold for about $375,000.